Canyon, TX vs Sherman, TX

Canyon is moderately more affordable than Sherman, with a 7.6% lower cost of living index. Canyon scores 79 compared to 86 for Sherman, where the US average is 100. This difference means residents of Sherman can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Canyon is $975/month compared to $1,177/month in Sherman — a 17% difference. Home values follow the same pattern: Canyon is more affordable at $218,300 median vs $219,300.

Median household income in Canyon is $68,233 compared to $60,935 in Sherman (+12%). Canyon 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, less than the 23.2% in Sherman.