Cost of Living in Canyon Lake, TX

With a cost of living index of 98, Canyon Lake, TX is right around the national average in cost. Living here is 2% cheaper than the national average and 11% above the Texas state average of 88. With a population of 32,924, Canyon Lake is a mid-sized community that balances access to services with a more manageable cost of living compared to larger metros.

Housing costs are the biggest factor in Canyon Lake's cost of living. The median monthly rent is $1,242 (6% below the US median of $1,319), and the median home value sits at $337,200 (11% above the national median of $304,900). At current prices, the median home costs roughly 3.6x the median household income — a moderately affordable ratio by today's standards.

The median household income in Canyon Lake is $93,114, which is 24% higher than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the San Antonio-New Braunfels, TX (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.