Bonham, TX is a small town located in Fannin County. It is home to several local companies including Bonham Community Bank, First National Bank of Bonham, and Davidsons Furniture & Appliance. The median household income for the city of Bonham is $35,323 compared to the US Median Household Income of $61,937. Rent for a two bedroom apartment in Bonham costs only $870 per month compared to the national average of $1,430 per month. Additionally, the Grocery Cost Index in Bonham is 94 versus 100 in the US showing that residents have access to more affordable food than in other parts of America. All these factors make it an attractive place for people looking for a cost-effective lifestyle.
Bonham has an unemployment rate of 5.1%. The US average is 6.0%.
Bonham has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Bonham
- The Sales Tax Rate for Bonham is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Bonham is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bonham
- The average income of a Bonham resident is $15,572 a year. The US average is $28,555 a year.
- The Median household income of a Bonham resident is $43,736 a year. The US average is $69,021 a year.