Living in Ransom Canyon, Texas
Cost of living, income, home prices, rent and demographics of Ransom Canyon · Census data 2020–2024
Ransom Canyon has 1,041 residents with a median age of 50.4. The median household income is $113,950 (45% higher than the Texas median), the median home value is $341,000.
Ransom Canyon is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Ransom Canyon at a glance
- Population
- 1,041
- Median age
- 50.4State: 35.6
- Median household income
- $113,950State: $78,476
- Median home value
- $341,000State: $283,800
- Homeowners
- 98.4%
- Bachelor's degree or higher
- 49.1%
- Average commute
- 28 min
Is Ransom Canyon a good place to live?
Pros: Median household income 45% higher than the Texas median; unemployment of 2.5%; a poverty rate of 2.9%.
Cons: Home values 20% higher than the state median; an average commute of 28 minutes.
The weather is best in April–May and September–October.
Cost of living in Ransom Canyon
Housing is the biggest part of the cost of living. In Ransom Canyon the median home value is $341,000, about the same as the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,265 a month in housing costs.
Ransom Canyon median household income
The median household income in Ransom Canyon is $113,950 and the income per person is $67,342. 2.9% of residents live below the poverty line (Texas: 13.8%).
Housing in Ransom Canyon: homes for sale and rent
- Housing units
- 511
- Owner-occupied
- 98.4%
- Renter-occupied
- 1.6%
- Vacant
- 13.7%Includes seasonal homes
- Median year built
- 1989
- Average household size
- 2.36
Ransom Canyon demographics
- Population
- 1,041
- Median age
- 50.4
- Under 18
- 18.8%
- 65 and older
- 33.8%
- Households
- 441
- Foreign-born
- 2.2%
- Veterans
- 5.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Ransom Canyon ›
Education in Ransom Canyon
49.1% of adults 25 and older in Ransom Canyon have a bachelor's degree or higher (Texas: 33.8%), and 22% have a graduate or professional degree.
Jobs and commute in Ransom Canyon
- Unemployment rate
- 2.5%State: 5.3%
- Average commute
- 28 minState: 27 min
- Work from home
- 8.6%
- Drive alone
- 81.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 98.2%
Ransom Canyon vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ransom Canyon | 1,041 | $113,950 | $341,000 | — |
| Buffalo Springs Lake | 571 | $101,667 | $239,500 | — |
| Slaton | 5,761 | $56,676 | $84,600 | $994 |
| Idalou | 2,151 | $58,500 | $211,000 | $678 |
| Lubbock | 264,814 | $60,895 | $212,400 | $1,182 |
| Lorenzo | 834 | $46,389 | $100,800 | $665 |
| Wilson | 449 | $50,500 | $131,800 | $925 |
| New Deal | 668 | $96,500 | — | $718 |
| Wolfforth | 6,701 | $106,250 | $260,200 | $1,674 |
More for people moving to Ransom Canyon
Ransom Canyon ZIP code ›Weather and climate ›Living in Ransom Canyon: FAQ
What is the median household income in Ransom Canyon, TX?
The median household income in Ransom Canyon is $113,950, 45% higher 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 Ransom Canyon?
The median home value in Ransom Canyon is $341,000, compared with $283,800 in Texas.
Is Ransom Canyon, TX a good place to live?
Pluses: median household income 45% higher than the Texas median; unemployment of 2.5%; a poverty rate of 2.9%. Minuses: home values 20% higher than the state median; an average commute of 28 minutes.
What is the median age in Ransom Canyon?
The median age in Ransom Canyon is 50.4 years (Texas: 35.6).
How long is the commute in Ransom Canyon?
The average commute to work in Ransom Canyon is 28 minutes; 8.6% of workers work from home.
What is the unemployment rate in Ransom Canyon?
The unemployment rate in Ransom Canyon is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ransom Canyon?
49.1% of adults in Ransom 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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