Bonham, TX vs Elm Creek, TX

Bonham, TX and Elm Creek, TX have a very similar cost of living, with only a 1.5% difference in their overall index. Bonham scores 79 while Elm Creek scores 78 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.

When it comes to buying, median home values in Bonham are $183,600 compared to $116,500 in Elm Creek, a 58% gap.

Median household income in Bonham is $53,232 compared to $62,331 in Elm Creek (-14.6%). Elm Creek offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.