Cost of Living in Canyon, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
106.5
100 = national avg
+6.5 vs national average
Living Wage (1 Adult)
$46,874
per year
Living Wage (Family of 4)
$110,792
per year
Cost Index by Category
Housing115.3
Food102.2
Transportation97.4
Healthcare101.7
Utilities104.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$903
per month
2 Bedroom
$1,106
per month
The overall cost of living index in Canyon is 106.5, which is 6.5% above the national average. Housing costs are above the national average at an index of 115.3. A single adult needs to earn approximately $46,874 per year to cover basic expenses.