Bonham, TX vs Southlake, TX

The cost of living difference between Bonham, TX and Southlake, TX is dramatic. Bonham is 64% cheaper than Southlake, a gap that translates to thousands of dollars per year in household expenses. Bonham has a cost index of 79 while Southlake sits at 221, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Bonham is $1,029/month compared to $3,501/month in Southlake — a 71% difference. Home values follow the same pattern: Bonham is more affordable at $183,600 median vs $957,500.

Median household income in Bonham is $53,232 compared to $250,001 in Southlake (-78.7%). While Southlake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bonham spend roughly 23.2% of their income on rent, more than the 16.8% in Southlake.