Cost of Living in Canton, TX

Population 4,411 · Texas · Data vintage 2023

67
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Canton sits on the smaller end of the Texas city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Canton is about 35 miles northwest of Tyler, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 13% lower than Tyler's $216,000.

Cost Overview

Housing 62
Rent 75

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Canton

The median home value in Canton is $189,200 — 38% below the national median of $305,000. Median rent runs $985/month, 25% lower than the national median of $1,314/month. The median household income of $48,858/year is 34% lower than the US median of $74,580. The local unemployment rate is 4.1%, below the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 77.4°F and lows of 55.4°F. Overall, Canton has a cost of living index of 67 versus the US average of 100, meaning it is 33% less expensive.

🏠 Housing

Median Home Value
$189,200
38% below avg
Zillow Home Value
$295,587
Zillow ZHVI
Median Rent
$985/mo
25% below avg
Zillow Rent
$1,475/mo
Zillow ZORI
Price-to-Rent Ratio
16.0x
Favors buying
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$766
1 BR
$811
2 BR
$981
3 BR
$1,307
4 BR
$1,509
Owner-occupied 66.7%
Renter-occupied 33.3%

💰 Estimated Monthly Budget

Rent median rent
$985
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,599/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
35.5 min
31% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.4%

Commute Mode

Drove alone
83.0%
Carpooled
7.2%
Walked
0.3%
Work from home
9.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 8.2%
State rate 6.3%
Avg local rate 1.9%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$48,858
34% below avg
Per Capita Income
$32,436
Unemployment Rate
4.1%
15% below avg
Poverty Rate
15.1%
Labor Force Participation
54.6%

🎓 Education

Bachelor's degree+ 11.5%
Graduate degree 9.3%

👥 Demographics

Median Age 40.6
Male median age 34.9
Female median age 45.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
77.4°F
Avg Low
55.4°F
Annual Precip
38.4"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 576269768492969690796859
Low °F 364047546371747467564538
Precip" 2.622.733.693.064.723.402.002.302.744.543.063.56

Frequently Asked Questions

What is the cost of living in Canton, TX?

Canton has a cost index of 67 (100 = national average). It is 33% below the national average.

What is average rent in Canton, TX?

The median gross rent in Canton is $985 per month based on 2023 Census data.

What is the average home price in Canton?

The median home value in Canton is $189,200 according to Zillow and Census data.

What is the median income in Canton?

The median household income in Canton is $48,858 per year (2023 ACS 5-year estimates).

What is the sales tax in Canton, TX?

The combined state and local sales tax rate in Canton is 8.2%. Texas has no state income tax.

Is Canton, TX affordable?

Yes, Canton is generally considered affordable, with a cost of living index of 67 — about 33% below the US national average of 100.

What is the weather like in Canton?

Canton has average high temperatures of 77.4°F and average lows of 55.4°F. Annual precipitation is 38.4". Data from NOAA 1991–2020 Climate Normals.

Canton at a Glance

Population
4,411
Median Income
$48,858
Home Value
$189,200
Median Rent
$985/mo
Unemployment
4.1%
Avg High Temp
77.4°F
Sales Tax
8.2%
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🗺️ County data for Texas

Explore county-level cost of living data

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