Canyon, TX Cost Of Living
Cost Of Living In Canyon, TX Summary
Cost of living in Canyon research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Canyon is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Canyon is 88, with 100 being the average.
The cost of living index in Canyon is 0.9x lower than the national average.
Canyon ranks as the #180 cheapest in Texas out of 405.
Canyon ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Canyon is $174,600.
The median income in Canyon is $60,417.
Table Of Contents
Canyon's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Canyon, TX?
According to the most recent data on the cost of living, Canyon has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Texas, Canyon has a cost of living index that's 1.0x lower than Texas's index of 92.
The standard of living in Canyon ranks as #180 most affordable out of the 405 places we measured in Texas. By definition, that implies Canyon ranks as the #225 most expensive place in the Lone Star State.
For more reading on life in Canyon, check out:
- Living In Canyon
- Canyon Crime Report
- Search Homes For Sale In Canyon, TX
In Texas
In America
Canyon Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Canyon. Here is how it fairs on each of the criteria:
The Services index in Canyon is 89.
The Groceries index in Canyon is 94.
The Health index in Canyon is 90.
The Housing index in Canyon is 84.
The Transportation index in Canyon is 80.
The Utilities index in Canyon is 92.
| Living Expense | Canyon | Texas | National Average | |
|---|---|---|---|---|
| Overall | 88 | 92 | 100 | |
| Services | 89 | 96 | 100 | |
| Groceries | 94 | 93 | 100 | |
| Health | 90 | 93 | 100 | |
| Housing | 84 | 84 | 100 | |
| Transportation | 80 | 92 | 100 | |
| Utilities | 92 | 104 | 100 | |
Canyon, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Canyon is $174,600.
The Median Rent in Canyon is $849.
The Median Income in Canyon is $60,417.
The Home Value To Income in Canyon is 2.9x.
The Rent To Monthly Income in Canyon is 0.17x.
| Statistic | Canyon | Texas | United States |
|---|---|---|---|
| Median Home Value | $174,600 | $202,600 | $244,900 |
| Median Rent | $849 | $1,146 | $1,163 |
| Median Income | $60,417 | $67,321 | $69,021 |
| Home Value To Income | 2.9x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Canyon, TX Costs By Category
Detailed Canyon Services Costs Vs. Texas
Detailed Canyon Groceries Costs Vs. Texas
Detailed Canyon Health Costs Vs. Texas
Detailed Canyon Transportation Costs Vs. Texas
Detailed Canyon Utilities Costs Vs. Texas
Canyon SnackAbility
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