Housing costs in Bonham?
A typical home costs
$195,900, which is 42.1% less expensive than the national average of
$338,100 and 34.2% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Bonham costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 47.1% cheaper than the state average of
$1,280.
Can I afford Bonham?
To live comfortably in Bonham, Texas, a minimum annual income of
$37,440 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Bonham?
The cost of living in Bonham, TX is quite affordable compared to other cities. The cost of housing is much lower than the national average, with the median home value being around $80,000 and rental prices ranging from $700 to over $1,000 per month. The cost of food and groceries are also lower than the U.S. average as well. Utilities like electricity and water tend to be on the higher side but still remain competitive at an average rate of about 9.5% compared to others in Texas. Overall, Bonham has a low cost of living that makes it attractive and affordable for those looking for a place to call home.