Cost of Living in Canyon Lake, TX

Population 32,924 · Texas · Data vintage 2023

104
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Canyon Lake is effectively a commuter community: the average resident spends 43 minutes each way getting to work, well above the 27-minute US median. Housing costs ($337,000 for a typical home) tend to reflect the tradeoff between price and access.

Located 35 miles northeast of San Antonio, Canyon Lake falls within that metro's commuting orbit. Median home values run roughly 53% higher than San Antonio's $220,000.

Cost Overview

Housing 111
Rent 95

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

About the Cost of Living in Canyon Lake

The median home value in Canyon Lake is $337,200 — 11% above the national median of $305,000. Median rent runs $1,242/month, 5% lower than the national median of $1,314/month. The median household income of $93,114/year is 25% higher than the US median of $74,580. The local unemployment rate is 3.1%, 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 81.5°F and lows of 57.7°F. Overall, Canyon Lake has a cost of living index of 104 versus the US average of 100, meaning it is 4% more expensive.

🏠 Housing

Median Home Value
$337,200
11% above avg
Zillow Home Value
$389,294
Zillow ZHVI
Median Rent
$1,242/mo
5% below avg
Zillow Rent
$1,663/mo
Zillow ZORI
Price-to-Rent Ratio
22.6x
Favors renting
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 87.0%
Renter-occupied 12.9%

💰 Estimated Monthly Budget

Rent median rent
$1,242
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,856/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
42.8 min
59% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
20.8%

Commute Mode

Drove alone
69.2%
Carpooled
7.2%
Walked
0.8%
Bicycle
0.1%
Work from home
20.8%

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
$93,114
25% above avg
Per Capita Income
$50,670
Unemployment Rate
3.1%
35% below avg
Poverty Rate
7.4%
Labor Force Participation
54.3%

🎓 Education

Bachelor's degree+ 23.1%
Graduate degree 13.0%

👥 Demographics

Median Age 47.8
Male median age 48.2
Female median age 47.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
81.5°F
Avg Low
57.7°F
Annual Precip
31.3"
40° 55° 70° 85° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 646875828893969892847365
Low °F 404451586671737368594942
Precip" 2.141.722.492.003.633.442.212.013.453.302.462.42

Frequently Asked Questions

What is the cost of living in Canyon Lake, TX?

Canyon Lake has a cost index of 104 (100 = national average). It is 4% above the national average.

What is average rent in Canyon Lake, TX?

The median gross rent in Canyon Lake is $1,242 per month based on 2023 Census data.

What is the average home price in Canyon Lake?

The median home value in Canyon Lake is $337,200 according to Zillow and Census data.

What is the median income in Canyon Lake?

The median household income in Canyon Lake is $93,114 per year (2023 ACS 5-year estimates).

What is the sales tax in Canyon Lake, TX?

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

Is Canyon Lake, TX affordable?

Canyon Lake is near the national average in terms of cost of living, with an index of 104 (100 = US average).

What is the weather like in Canyon Lake?

Canyon Lake has average high temperatures of 81.5°F and average lows of 57.7°F. Annual precipitation is 31.3". Data from NOAA 1991–2020 Climate Normals.

Canyon Lake at a Glance

Population
32,924
Median Income
$93,114
Home Value
$337,200
Median Rent
$1,242/mo
Unemployment
3.1%
Avg High Temp
81.5°F
Sales Tax
8.2%
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