The cost of living index in Bonham, TX, stands at 87 when compared to the nationwide average of 100. This means that living expenses in Bonham are generally 13% lower than the national average. In terms of specific categories, housing costs are 22% below the national average, while utilities are 15% below. Groceries and healthcare costs are close to the national average, with groceries at 10% below and healthcare at 2% below. Transportation costs are 5% higher than the national average, making it the most expensive category for residents of Bonham.
The cost of living index for Bonham, TX, presents a compelling case for prospective residents and job seekers. When comparing the local cost of living to the nationwide average of 100, residents in Bonham find their housing costs notably lower. Specifically, housing costs in Bonham stand at 78, which is 22% below the national average. This significant reduction can make homeownership or renting more affordable for individuals and families relocating to Bonham.
Beyond housing, other aspects of living in Bonham also reflect a generally lower cost of living. For example, groceries cost 90% of the national average, which is a 10% reduction. Utilities, transportation, healthcare, and miscellaneous expenses in Bonham are also slightly below the national average, at 85%, 95%, 92%, and 88%, respectively. These figures make Bonham a potentially attractive location for those looking to balance lifestyle with cost efficiency.
