States › Texas › Canyon

Is Canyon, TX expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,12336% lower than U.S. average
💵 Families earn per year (2026)$75,249about $6,271/month · 14% lower than U.S. average
🔑 House price$240,30028% lower than U.S. average

Rent is lower than in 81% of U.S. cities. A typical house costs about 3.2 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $44,920 a year. That is $22 an hour at a full-time job.

Is rent cheaper than other Texas cities?

Yes. Rent here is cheaper than in most of Texas. It is number 103 of 426 cities from cheapest to most expensive.

Canyon
$1,123
Buda
$2,020
Palmview
$833
Live Oak
$1,604
South Houston
$1,180
Uvalde
$1,110
Rio Grande City
$950

How much do households earn in Canyon?

Under $25k
15.4%
$25k–50k
17.4%
$50k–100k
36.0%
$100k–150k
18.4%
$150k+
4.9%

Share of households by yearly income. 23.4% of households earn $100,000 or more.

Rent by apartment size in Canyon

SizeCanyonU.S. average
Studio$667$1,338
1 bedroom$800$1,324
2 bedrooms$1,124$1,509
3 bedrooms$1,495$1,698
4 bedrooms$820$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Canyon overall?

Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).

Housing
97
Goods (food, clothes…)
98
Utilities
88
Other services
97
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Canyon, so the Texas figure is shown.

Taxes and bills in Canyon

🏛️ Property tax$3,374a year · 1.40% of home value · U.S. $3,119
⚡ Electric bill$138a month (typical) · U.S. $156

Life in Canyon

Commute to work22.7 minU.S.: 26.4 min
College degree44.7%U.S.: 35.7%
Own their home54.1%U.S.: 65.2%
Below poverty line13.1%U.S.: 12.5%
Unemployment3.1%U.S.: 5.2%

Is it cheaper to rent or buy in Canyon?

Renting is cheaper right now: about $544 a month less.

Renting
$1,123
Owning
$1,667

Owning assumes a typical $240,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $24,030 for the down payment.

Frequently asked questions

What is the average rent in Canyon, TX?

Renting in Canyon costs a median of about $1,123 a month in 2026, including utilities. The Texas median is $1,451.

How much do I need to make to live in Canyon?

To keep rent under 30% of income, you need about $44,920 a year, or $22 an hour at a full-time job.

Is Canyon cheap or expensive?

Canyon is rated Cheap: rent takes 17.9% of the typical household income of $75,249. It ranks 103rd cheapest of 426 Texas cities we track.

How much are property taxes in Canyon?

The median homeowner in Canyon pays $3,374 a year in property taxes, about 1.40% of the median home value.

Is Canyon more expensive than the national average?

Overall prices in Texas are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Canyon?

The median home value in Canyon is $240,300, about 3.2 times the typical yearly household income.

15,723 people live in Canyon. Numbers are typical (middle) values.