States › Texas › Bonham

Is Bonham, TX expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,21831% lower than U.S. average
💵 Families earn per year (2026)$62,209about $5,184/month · 29% lower than U.S. average
🔑 House price$201,80039% lower than U.S. average

Rent is lower than in 75% of U.S. cities. A typical house costs about 3.2 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $48,720 a year. That is $23 an hour at a full-time job.

Is rent cheaper than other Texas cities?

Yes. Rent here is cheaper than in most of Texas. It is number 131 of 426 cities from cheapest to most expensive.

Bonham
$1,218
Rockport
$1,155
Clute
$922
Fair Oaks Ranch
$2,218
Freeport
$930
Heath
$3,500+
Fairview
$2,112

How much do households earn in Bonham?

Under $25k
19.9%
$25k–50k
26.9%
$50k–100k
30.2%
$100k–150k
10.9%
$150k+
8.1%

Share of households by yearly income. 19.0% of households earn $100,000 or more.

Rent by apartment size in Bonham

SizeBonhamU.S. average
1 bedroom$824$1,324
2 bedrooms$1,200$1,509
3 bedrooms$1,208$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Bonham overall?

Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).

Housing
97
Goods (food, clothes…)
98
Utilities
88
Other services
97
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Bonham, so the Texas figure is shown.

Taxes and bills in Bonham

🏛️ Property tax$2,194a year · 1.09% of home value · U.S. $3,119
⚡ Electric bill$174a month (typical) · U.S. $156

Life in Bonham

Commute to work21.9 minU.S.: 26.4 min
College degree15.2%U.S.: 35.7%
Own their home63.6%U.S.: 65.2%
Below poverty line21.7%U.S.: 12.5%
Unemployment9.4%U.S.: 5.2%

Is it cheaper to rent or buy in Bonham?

Renting is cheaper right now: about $182 a month less.

Renting
$1,218
Owning
$1,400

Owning assumes a typical $201,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $20,180 for the down payment.

Frequently asked questions

What is the average rent in Bonham, TX?

Renting in Bonham costs a median of about $1,218 a month in 2026, including utilities. The Texas median is $1,451.

How much do I need to make to live in Bonham?

To keep rent under 30% of income, you need about $48,720 a year, or $23 an hour at a full-time job.

Is Bonham cheap or expensive?

Bonham is rated OK: rent takes 23.5% of the typical household income of $62,209. It ranks 131st cheapest of 426 Texas cities we track.

How much are property taxes in Bonham?

The median homeowner in Bonham pays $2,194 a year in property taxes, about 1.09% of the median home value.

Is Bonham more expensive than the national average?

Overall prices in Texas are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Bonham?

The median home value in Bonham is $201,800, about 3.2 times the typical yearly household income.

10,697 people live in Bonham. Numbers are typical (middle) values.