Canyon Lake, TX Cost Of Living
Cost Of Living In Canyon Lake, TX Summary
Cost of living in Canyon Lake 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 Lake 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 Lake is 106, with 100 being the average.
The cost of living index in Canyon Lake is 1.1x higher than the national average.
Canyon Lake ranks as the #284 cheapest in Texas out of 414.
Canyon Lake ranks as the #3,278 cheapest out of 6,489 in the US.
The median home value in Canyon Lake is $402,258.
The median income in Canyon Lake is $93,114.
Table Of Contents
Canyon Lake's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Canyon Lake, TX?
According to the most recent data on the cost of living, Canyon Lake has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Texas, Canyon Lake has a cost of living index that's 1.2x higher than Texas's index of 92.
The standard of living in Canyon Lake ranks as #284 most affordable out of the 414 places we measured in Texas. By definition, that implies Canyon Lake ranks as the #130 most expensive place in the Lone Star State.
For more reading on life in Canyon Lake, check out:
In Texas
In America
Canyon Lake Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Canyon Lake. Here is how it fairs on each of the criteria:
The Services index in Canyon Lake is 101.
The Groceries index in Canyon Lake is 94.
The Health index in Canyon Lake is 105.
The Housing index in Canyon Lake is 129.
The Transportation index in Canyon Lake is 94.
The Utilities index in Canyon Lake is 86.
| Living Expense | Canyon Lake | Texas | National Average | |
|---|---|---|---|---|
| Overall | 106 | 92 | 100 | |
| Services | 101 | 97 | 100 | |
| Groceries | 94 | 97 | 100 | |
| Health | 105 | 93 | 100 | |
| Housing | 129 | 82 | 100 | |
| Transportation | 94 | 94 | 100 | |
| Utilities | 86 | 104 | 100 | |
Canyon Lake, 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 2019-2023. The key points are:
The Median Home Value in Canyon Lake is $402,258.
The Median Rent in Canyon Lake is $1,242.
The Median Income in Canyon Lake is $93,114.
The Home Value To Income in Canyon Lake is 4.3x.
The Rent To Monthly Income in Canyon Lake is 0.16x.
| Statistic | Canyon Lake | Texas | United States |
|---|---|---|---|
| Median Home Value | $402,258 | $298,905 | $303,400 |
| Median Rent | $1,242 | $1,339 | $1,348 |
| Median Income | $93,114 | $76,292 | $78,538 |
| Home Value To Income | 4.3x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Canyon Lake, TX Costs By Category
Detailed Canyon Lake Services Costs Vs. Texas
| Item | Canyon Lake | Texas |
|---|---|---|
| Shampoo | $1.06 | $1.28 |
| Movie | $9.5 | $12.13 |
| Bowling | $13.7 | $18 |
| Haircut | $20.78 | $24.26 |
| Beauty Salon | $43.67 | $45.56 |
Detailed Canyon Lake Groceries Costs Vs. Texas
| Item | Canyon Lake | Texas |
|---|---|---|
| Ground Beef | $4.93 | $5.84 |
| Fried Chicken | $1.57 | $1.57 |
| Milk | $4.57 | $4.67 |
| Potatoes | $4.55 | $4.93 |
| Pizza | $11.32 | $12.09 |
| Beer | $10.5 | $10.41 |
| Toothpaste | $3.6 | $3.7 |
Detailed Canyon Lake Health Costs Vs. Texas
| Item | Canyon Lake | Texas |
|---|---|---|
| Optometrist | $132.0 | $125.68 |
| Doctor | $171.14 | $135.78 |
| Dentist | $108.33 | $113.29 |
Detailed Canyon Lake Transportation Costs Vs. Texas
| Item | Canyon Lake | Texas |
|---|---|---|
| Gasoline | $3.03 | $3.46 |
| Tire Balancing | $57.2 | $59.92 |
Detailed Canyon Lake Utilities Costs Vs. Texas
| Item | Canyon Lake | Texas |
|---|---|---|
| All Electricity | $217.71 | $193.99 |
| Phone | $201.97 | $192.25 |
Canyon Lake SnackAbility
/10
Cost Of Living In Cities Around Canyon Lake
The cost of living varies in the cities and towns around Canyon Lake. Here's a quick look at the cost of living in the most populous nearby places:
Austin, TX has a cost of living index of 121, 1.1x Canyon Lake.
New Braunfels, TX has a cost of living index of 107, 1.0x Canyon Lake.
San Marcos, TX has a cost of living index of 99, 0.9x Canyon Lake.
| City | Population | Cost Of Living | Vs. Canyon Lake |
|---|---|---|---|
| Austin, TX | 967,862 | 121 | 1.1x |
| New Braunfels, TX | 98,700 | 107 | 1.0x |
| San Marcos, TX | 68,920 | 99 | 0.9x |
| Kyle, TX | 52,439 | 106 | 1.0x |
| Timberwood Park, TX | 34,980 | 125 | 1.2x |
| Cibolo, TX | 33,829 | 111 | 1.0x |
| Converse, TX | 28,764 | 100 | 0.9x |
| Boerne, TX | 19,509 | 115 | 1.1x |
| Live Oak, TX | 15,875 | 96 | 0.9x |
| Leon Valley, TX | 11,479 | 97 | 0.9x |
