Cost Of Living
The overall cost of living in this area is much lower than average. This includes everyday goods and services, as well as housing, utilities and health care.
Housing
This area has received high scores in the housing category. This could be due to a positive home affordability ratio, high appreciation rates or elevated home values.
Ratings
Local residents have positive things to say about the proximity of restaurants, grocery stores, parks, public transit, friendliness of neighbors, sense of community and overall safety of the area.
Amenities
A majority of amenities are not ideally situated within a reasonable walking distance, which may lead residents to rely on a vehicle or public transportation.
Commute
Public transportation is not readily available in this area and the average commute time to work could also be longer than the national average.
Crime
This area is reporting high crime rates per 100,000 people and could signify that it is a dangerous place to live. Crime rates include both violent and property crimes.
Schools
Lower than average education levels, poor reading and math scores, as well as the inaccessibility of local elementary and high schools could all be factors in the low schools score.
Located in the state of Texas, Bonham is a moderately-sized city with a population of 10,295 residents. At 78%, the majority of the Bonham population is White; this is followed by 11% Black and 1% Asian. Single men and women might be happy to hear that in Bonham, only 48% of the population is married. Long commute times to work can be incredibly frustrating, ranking just behind housework on the list of life's annoyances. If you opt to make Bonham your home, your one-way commute time will typically last around 28 minutes, a duration that aligns with the national average commute time of 26 minutes.
Are you trying to decide if living in Bonham is the right fit for your lifestyle? To ensure a good experience before moving to any new city in Texas, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. To help you find the best places to live in and around Bonham, AreaVibes has created a livability score using key metrics like crime, cost of living, commute, education, employment and more.
The livability score in Bonham is 62 out of 100 and the city is ranked in the 48th percentile of all cities across America. There are nine total categories that generate the livability score. Bonham ranks well for crime (A+), cost of living (A+) and housing (A) On a less positive note, Bonham does not have favorable grades for the following: amenities (F), education (D-) and employment (D-). If we take a look at the data, we can find out why.
The unemployment rate in Bonham has consistently declined over the years and currently stands well below the national average at 2.67%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Bonham market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Bonham is actually affordable. The median home price for Bonham homes is $87,800, which is 38.5% lower than the Texas average. If we take a closer look at the affordability of homes in Bonham, we’ll see that the home price to income ratio is 2, which is 23.1% lower than the Texas average.
| Statistic | Bonham | Texas | National |
| Average one way commute | 28min | 26min | 26min |
| Workers who drive to work | 73.4% | 80.3% | 76.4% |
| Workers who carpool | 13.7% | 10.6% | 9.3% |
| Workers who take public transit | 0.1% | 1.5% | 5.1% |
| Workers who bicycle | 0.1% | 0.3% | 0.6% |
| Workers who walk | 3.7% | 1.6% | 2.8% |
| Working from home | 7.7% | 4.3% | 4.6% |
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