B

Canyon, TX

Source:

Affordability Score: 72/100

Population: 19,371 · 2 ZIP codes

The affordability dashboard for Canyon, TX aggregates Census ACS 5-Year Estimates across 2 ZIP codes covering 19,371 residents, then layers in county-level federal data to produce an overall grade of B (72/100). The headline inputs are median household income of $83,445, median home value of $280,400, median rent of $990 per month, and 42.6% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $1,106 per month (studio $778, 1BR $903, 3BR $1,503, 4BR $1,742). Department of Labor data lists infant center-based childcare at $7,644 per year, consuming 9% of the local median household income.

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Strengths visible in the raw data for Canyon, TX include education, rent, childcare. Unemployment currently reads 2.4% and poverty 12.1% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income B
$83,445
Median household income
Education B+
42.6%
Bachelor's degree or higher
Housing C-
3.4x
Home value $280,400 vs income
Commute C+
23 min
Average commute time
Rent A
$1,106/mo
2BR fair market rent (16% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare B+
$7,644/yr
Center-based infant care (9% of income)

Income & Employment

Median Income
$83,445
▲ 35% vs national
Per Capita Income
$37,674
Unemployment Rate
2.4%
Poverty Rate
12.1%

Housing

Median Home Value
$280,400
▲ 2% vs national
Median Rent
$990/mo
Owner Occupied
67.0%
2BR Fair Market Rent
$1,106/mo
▼ 8% vs national

Fair Market Rents by Bedroom

Studio
$778
1BR
$903
2BR
$1,106
3BR
$1,503
4BR
$1,742

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
42.6%
▲ 13 ppt vs national
High School+
66.2%
Median Age
33.5
Avg. Commute
23 min
▼ 3 min vs national

Childcare Costs

Infant (Center)
$7,644/yr
9% of income
Toddler (Center)
$7,228/yr
Preschool (Center)
$7,072/yr
School-Age (Center)
$6,708/yr

What This Means

Canyon, TX receives an overall affordability grade of B (72/100), aggregated from 2 ZIP codes with a total population of 19,371. This area performs well in education and rent and childcare. Data was unavailable for safety — these dimensions were excluded from the overall score.

Nearby City Dashboards

Explore Canyon ZIP Codes
View all 2 ZIP codes with demographics and individual scorecards
View ZIPs →

What are common questions about this dashboard?

Is Canyon, TX affordable?
Canyon, TX receives an overall affordability grade of B (72/100) based on Census, HUD, FBI, and DOL data. Median household income is $83,445. Median home value is $280,400.
What is the cost of living in Canyon?
Key cost metrics: Median rent $990/mo. 2BR fair market rent $1,106/mo. Infant childcare $7,644/yr. Median home value $280,400.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →