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 96, which is 1.0x lower than the national index of 100.
Compared to Texas, Canyon has a cost of living index that's 1.0x higher than Texas's index of 93.
The standard of living in Canyon ranks as #200 most affordable out of the 419 places we measured in Texas. By definition, that implies Canyon ranks as the #219 most expensive place in the Lone Star State.
For more reading on life in Canyon, check out:
Canyon Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Canyon. Here is how it fares on each of the criteria:
The Services index in Canyon is 100.
The Groceries index in Canyon is 103.
The Health index in Canyon is 88.
The Housing index in Canyon is 96.
The Transportation index in Canyon is 103.
The Utilities index in Canyon is 99.
| Living Expense | Canyon | Texas | National Average |
|---|---|---|---|
| Overall | 96 | 93 | 100 |
| Services | 100 | 100 | 100 |
| Groceries | 103 | 99 | 100 |
| Health | 88 | 81 | 100 |
| Housing | 96 | 97 | 100 |
| Transportation | 103 | 103 | 100 |
| Utilities | 99 | 100 | 100 |
Canyon Cost Of Living Compared To Texas Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Texas, check out:
Protect your home budget Compare home warranties in Canyon Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Canyon is $295,886.
The Median Rent in Canyon is $984.
The Median Income in Canyon is $69,772.
The Home Value To Income in Canyon is 4.2x.
The Rent To Monthly Income in Canyon is 0.17x.
