Bonham, TX vs Groesbeck, TX

Groesbeck is moderately more affordable than Bonham, with a 13.4% lower cost of living index. Bonham scores 79 compared to 70 for Groesbeck, where the US average is 100. This difference means residents of Bonham can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Bonham is $1,029/month compared to $826/month in Groesbeck — a 25% difference. Home values follow the same pattern: Groesbeck is more affordable at $144,100 median vs $183,600.

Median household income in Bonham is $53,232 compared to $54,615 in Groesbeck (-2.5%). Groesbeck offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Bonham spend roughly 23.2% of their income on rent, more than the 18.1% in Groesbeck.