Cost of Living in Canyon, TX
Population 15,398 · Texas · Data vintage 2023
(100 = US avg)
Buyers in Canyon can reasonably expect a home to cost less than three years of household income — $218,000 against $68,233 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. An unemployment rate of 1.9% points to a labor market well on the tight side of the national distribution.
Geographically, Canyon sits roughly 15 miles south of Amarillo. Median home values run roughly 17% higher than Amarillo's $187,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Canyon
The median home value in Canyon is $218,300 — 28% below the national median of $305,000. Median rent runs $975/month, 26% lower than the national median of $1,314/month. The median household income of $68,233/year is 9% lower than the US median of $74,580. The local unemployment rate is 1.9%, 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 72.5°F and lows of 44.9°F, with about 17.2" of annual snowfall. Overall, Canyon has a cost of living index of 73 versus the US average of 100, meaning it is 27% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 52 | 56 | 65 | 72 | 81 | 90 | 93 | 91 | 84 | 73 | 61 | 52 |
| Low °F | 25 | 28 | 35 | 43 | 53 | 62 | 66 | 65 | 58 | 45 | 34 | 26 |
| Precip" | 0.71 | 0.53 | 1.27 | 1.45 | 2.27 | 2.85 | 2.82 | 2.86 | 1.69 | 1.75 | 0.75 | 0.71 |
| Snow" | 4.0 | 3.5 | 1.9 | 0.5 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.7 | 2.6 | 3.8 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Canyon, TX?
Canyon has a cost index of 73 (100 = national average). It is 27% below the national average.
What is average rent in Canyon, TX?
The median gross rent in Canyon is $975 per month based on 2023 Census data.
What is the average home price in Canyon?
The median home value in Canyon is $218,300 according to Zillow and Census data.
What is the median income in Canyon?
The median household income in Canyon is $68,233 per year (2023 ACS 5-year estimates).
What is the sales tax in Canyon, TX?
The combined state and local sales tax rate in Canyon is 8.2%. Texas has no state income tax.
Is Canyon, TX affordable?
Yes, Canyon is generally considered affordable, with a cost of living index of 73 — about 27% below the US national average of 100.
What is the weather like in Canyon?
Canyon has average high temperatures of 72.5°F and average lows of 44.9°F. Annual precipitation is 19.7". Average annual snowfall is 17.2". Data from NOAA 1991–2020 Climate Normals.
Canyon at a Glance
- Population
- 15,398
- Median Income
- $68,233
- Home Value
- $218,300
- Median Rent
- $975/mo
- Unemployment
- 1.9%
- Avg High Temp
- 72.5°F
- Sales Tax
- 8.2%
Explore county-level cost of living data
Texas Rankings
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