Living in Canyon, Texas
Cost of living, income, home prices, rent and demographics of Canyon · Census data 2020–2024
Canyon has 15,723 residents with a median age of 28.7. The median household income is $69,772 (11% lower than the Texas median), the median home value is $240,300, the median rent is $984/month.
Canyon at a glance
- Population
- 15,723
- Median age
- 28.7State: 35.6
- Median household income
- $69,772State: $78,476
- Median home value
- $240,300State: $283,800
- Median rent
- $984/moState: $1,403
- Homeowners
- 54.1%
- Bachelor's degree or higher
- 44.7%
- Average commute
- 23 min
Is Canyon a good place to live?
Pros: Home values 15% lower than the state median; an average commute of 23 minutes; unemployment of 3.1%; a poverty rate of 13.1%.
Cons: Median household income 11% lower than the Texas median.
The weather is best in April–May and September–October.
Cost of living in Canyon
Housing is the biggest part of the cost of living. In Canyon the median home value is $240,300, 28% lower than the U.S. median. Renters pay a median of $984 per month, which is 30.7% of household income. Homeowners with a mortgage pay $1,815 a month in housing costs.
Canyon median household income
The median household income in Canyon is $69,772 and the income per person is $31,182. 13.1% of residents live below the poverty line (Texas: 13.8%).
Housing in Canyon: homes for sale and rent
- Housing units
- 6,116
- Owner-occupied
- 54.1%
- Renter-occupied
- 45.9%
- Vacant
- 8.1%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 2.50
Canyon demographics
- Population
- 15,723
- Median age
- 28.7
- Under 18
- 20.9%
- 65 and older
- 12.7%
- Households
- 5,619
- Foreign-born
- 4.5%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Canyon ›
Education in Canyon
44.7% of adults 25 and older in Canyon have a bachelor's degree or higher (Texas: 33.8%), and 15.8% have a graduate or professional degree.
Jobs and commute in Canyon
- Unemployment rate
- 3.1%State: 5.3%
- Average commute
- 23 minState: 27 min
- Work from home
- 6.2%
- Drive alone
- 78.2%
- Public transit
- 0%
- Walk to work
- 3.3%
- Homes with broadband
- 91.8%
Canyon vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Canyon | 15,723 | $69,772 | $240,300 | $984 |
| Rockwell Place | 2,016 | $57,188 | $91,600 | $1,298 |
| Timbercreek Canyon | 528 | $145,278 | $400,000 | — |
| Palisades | 265 | $73,750 | $267,200 | — |
| Lake Tanglewood | 624 | $120,625 | $633,600 | — |
| Amarillo | 201,885 | $65,912 | $196,900 | $1,092 |
| Bushland | 2,779 | $146,071 | $424,900 | — |
| Happy | 647 | $55,313 | $91,800 | $1,102 |
| Bishop Hills | 202 | $112,813 | $322,900 | — |
More for people moving to Canyon
Canyon ZIP code ›Weather and climate ›Living in Canyon: FAQ
What is the median household income in Canyon, TX?
The median household income in Canyon is $69,772, 11% lower than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Canyon?
The median home value in Canyon is $240,300, compared with $283,800 in Texas.
How much is rent in Canyon?
The median gross rent in Canyon is $984 per month, about 30.7% of household income.
Is Canyon, TX a good place to live?
Pluses: home values 15% lower than the state median; an average commute of 23 minutes; unemployment of 3.1%; a poverty rate of 13.1%. Minuses: median household income 11% lower than the Texas median.
What is the median age in Canyon?
The median age in Canyon is 28.7 years (Texas: 35.6).
How long is the commute in Canyon?
The average commute to work in Canyon is 23 minutes; 6.2% of workers work from home.
What is the unemployment rate in Canyon?
The unemployment rate in Canyon is 3.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Canyon?
44.7% of adults in Canyon have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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