Living in Bonham, Texas
Cost of living, income, home prices, rent and demographics of Bonham · Census data 2020–2024
Bonham has 10,697 residents with a median age of 36.7. The median household income is $57,681 (26% lower than the Texas median), the median home value is $201,800, the median rent is $1,073/month.
Bonham at a glance
- Population
- 10,697
- Median age
- 36.7State: 35.6
- Median household income
- $57,681State: $78,476
- Median home value
- $201,800State: $283,800
- Median rent
- $1,073/moState: $1,403
- Homeowners
- 63.6%
- Bachelor's degree or higher
- 15.2%
- Average commute
- 22 min
Is Bonham a good place to live?
Pros: Home values 29% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 26% lower than the Texas median; unemployment of 9.4%; a poverty rate of 21.7%.
The weather is best in April–May and September–October.
Cost of living in Bonham
Housing is the biggest part of the cost of living. In Bonham the median home value is $201,800, 39% lower than the U.S. median. Renters pay a median of $1,073 per month, which is 26.2% of household income. Homeowners with a mortgage pay $1,763 a month in housing costs.
Bonham median household income
The median household income in Bonham is $57,681 and the income per person is $24,275. 21.7% of residents live below the poverty line (Texas: 13.8%).
Housing in Bonham: homes for sale and rent
- Housing units
- 3,457
- Owner-occupied
- 63.6%
- Renter-occupied
- 36.4%
- Vacant
- 16.8%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.72
Bonham demographics
- Population
- 10,697
- Median age
- 36.7
- Under 18
- 17.8%
- 65 and older
- 14.7%
- Households
- 2,875
- Foreign-born
- 10%
- Veterans
- 8.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Bonham ›
Education in Bonham
15.2% of adults 25 and older in Bonham have a bachelor's degree or higher (Texas: 33.8%), and 7.2% have a graduate or professional degree.
Jobs and commute in Bonham
- Unemployment rate
- 9.4%State: 5.3%
- Average commute
- 22 minState: 27 min
- Work from home
- 10.3%
- Drive alone
- 61.8%
- Public transit
- 0.1%
- Walk to work
- 2.9%
- Homes with broadband
- 81.6%
Bonham vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Bonham | 10,697 | $57,681 | $201,800 | $1,073 |
| Ector | 820 | $66,161 | $153,400 | $1,113 |
| Ravenna | 272 | $67,500 | $132,800 | — |
| Dodd City | 503 | $113,906 | $129,200 | $1,514 |
| Savoy | 1,010 | $60,875 | $155,500 | $1,052 |
| Bailey | 198 | $52,917 | $118,400 | $1,300 |
| Whitewright | 1,659 | $57,692 | $242,000 | $743 |
| Bells | 2,497 | $92,075 | $232,400 | $981 |
| Trenton | 653 | $53,929 | $164,000 | $1,286 |
More for people moving to Bonham
Bonham ZIP code ›Weather and climate ›Living in Bonham: FAQ
What is the median household income in Bonham, TX?
The median household income in Bonham is $57,681, 26% lower than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Bonham?
The median home value in Bonham is $201,800, compared with $283,800 in Texas.
How much is rent in Bonham?
The median gross rent in Bonham is $1,073 per month, about 26.2% of household income.
Is Bonham, TX a good place to live?
Pluses: home values 29% lower than the state median; an average commute of 22 minutes. Minuses: median household income 26% lower than the Texas median; unemployment of 9.4%; a poverty rate of 21.7%.
What is the median age in Bonham?
The median age in Bonham is 36.7 years (Texas: 35.6).
How long is the commute in Bonham?
The average commute to work in Bonham is 22 minutes; 10.3% of workers work from home.
What is the unemployment rate in Bonham?
The unemployment rate in Bonham is 9.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Bonham?
15.2% of adults in Bonham have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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