Bonham, TX vs Cockrell Hill, TX

Bonham, TX and Cockrell Hill, TX have a very similar cost of living, with only a 3.4% difference in their overall index. Bonham scores 79 while Cockrell Hill scores 82 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Bonham is $1,029/month compared to $1,058/month in Cockrell Hill — a 3% difference. Interestingly, home values tell a different story: while Bonham has cheaper rent, Cockrell Hill actually has lower median home values ($174,400 vs $183,600).

Median household income in Bonham is $53,232 compared to $53,788 in Cockrell Hill (-1%). Cockrell Hill does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Bonham spend roughly 23.2% of their income on rent, less than the 23.6% in Cockrell Hill.