Canyon Lake, TX vs Selma, TX

Canyon Lake is moderately more affordable than Selma, with a 11.5% lower cost of living index. Canyon Lake scores 98 compared to 111 for Selma, where the US average is 100. This difference means residents of Selma 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 $1,796/month in Selma — a 31% difference. Interestingly, home values tell a different story: while Canyon Lake has cheaper rent, Selma actually has lower median home values ($288,700 vs $337,200).

Median household income in Canyon Lake is $93,114 compared to $97,153 in Selma (-4.2%). Selma does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Canyon Lake spend roughly 16% of their income on rent, less than the 22.2% in Selma.