Canyon, TX vs Muleshoe, TX

There is a significant gap in the cost of living between these two cities. Muleshoe is 24.2% cheaper than Canyon. With a cost index of 64 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Muleshoe to Canyon should plan for substantially higher expenses across most categories.

On the housing front, median rent in Canyon is $975/month compared to $745/month in Muleshoe — a 31% difference. Home values follow the same pattern: Muleshoe is more affordable at $100,100 median vs $218,300.

Median household income in Canyon is $68,233 compared to $71,534 in Muleshoe (-4.6%). Muleshoe 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 spend roughly 17.1% of their income on rent, more than the 12.5% in Muleshoe.