Canyon Lake, TX vs Fredericksburg, TX

Canyon Lake is moderately more affordable than Fredericksburg, with a 11.2% lower cost of living index. Canyon Lake scores 98 compared to 111 for Fredericksburg, where the US average is 100. This difference means residents of Fredericksburg can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Canyon Lake is $1,242/month compared to $1,364/month in Fredericksburg — a 9% difference. Home values follow the same pattern: Canyon Lake is more affordable at $337,200 median vs $442,800.

Median household income in Canyon Lake is $93,114 compared to $57,474 in Fredericksburg (+62%). Canyon Lake offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Canyon Lake spend roughly 16% of their income on rent, less than the 28.5% in Fredericksburg.