Canyon, TX
Population 15,398 · Texas
About Canyon, TX
Canyon is a mid-sized city located in Texas with a population of 15,398 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,233 per year, which is 9% below the national median of $75,149. The median age of 28.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Canyon features a median home value of $218,300, which is 11% below the national median of $244,900. This positions Canyon in a moderately priced market relative to the rest of the country. Median monthly rent is $975, 16% below the national average of $1,163/month. Of the 6,001 total housing units, 54% are owner-occupied (2,964 units) and 46% are renter-occupied (2,559 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Canyon shows an unemployment rate of 1.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Canyon have an average one-way commute time of 21.7 minutes.
Education & Demographics
43.3% of Canyon residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 15.1% White, 1.9% Hispanic or Latino, 0.0% Black or African American, and 2.6% Asian residents, with 5.2% of the population being foreign-born.
Cost of Living in Canyon, TX
Compared to national averages, Canyon has a median household income of $68,233 (9% below the national median of $75,149). Home values average $218,300, which is 11% below the national median. Monthly rent at $975 is 16% below the US average of $1,163. Within Texas, Canyon's income is 6% below the state average of $72,726, and home values are 3% above the state median of $211,769.
Why Live in Canyon, TX?
Canyon offers affordable housing with a median home value of $218,300, below the US average of $244,900, and rent that’s lower than the national average at $975/month, and a strong job market with an unemployment rate of just 1.9%. Additionally, the city features a well-educated community where 43.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 12.0%, better than the national average, and short commute times averaging just 21.7 minutes.
Potential considerations include median household income ($68,233) that falls below the national average. However, Canyon’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Canyon has a population of 15,398 with a median age of 28.2 years. Compare Canyon with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Canyon
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Aldine | 15,434 | $40,916 | $104,600 | Compare |
| Uvalde | 15,344 | $50,967 | $131,600 | Compare |
| Buda | 15,487 | $111,179 | $410,100 | Compare |
| Rio Grande City | 15,258 | $41,369 | $113,400 | Compare |
| Palmview | 15,650 | $46,274 | $109,400 | Compare |
| Mineral Wells | 15,130 | $54,210 | $146,100 | Compare |
| Live Oak | 15,875 | $78,092 | $227,800 | Compare |
| West University Place | 14,907 | $250,001 | $1,406,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Canyon With Other Cities
Frequently Asked Questions about Canyon
What is the population of Canyon, TX?
The population of Canyon, TX is 15,398 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Texas.
What is the median household income in Canyon?
The median household income in Canyon, TX is $68,233 per year, which is 9% below the national median of $75,149.
What is the median home value in Canyon?
The median home value in Canyon, TX is $218,300, which is 11% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Canyon?
The median monthly rent in Canyon, TX is $975, which is 16% below the national average of $1,163/month.
What is the unemployment rate in Canyon?
The unemployment rate in Canyon, TX is 1.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Canyon, TX a good place to live?
Canyon offers a moderate cost of living, affordable housing, and a strong job market. With a population of 15,398 and a median age of 28.2, the city appeals to young professionals and families.
How educated is Canyon, TX?
43.3% of residents in Canyon aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Canyon?
Key cost-of-living indicators for Canyon, TX: median home value is $218,300 (11% below national), median rent is $975/month, and median household income is $68,233. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Canyon?
The poverty rate in Canyon, TX is 12.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Canyon, TX?
Canyon's population is 15.1% White, 1.9% Hispanic or Latino, 0.0% Black or African American, 2.6% Asian, and 3.9% two or more races. 5.2% of residents are foreign-born.