Housing costs in Canyon?
A typical home costs
$275,800, which is 18.4% less expensive than the national average of
$338,100 and 7.3% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Canyon costs
$1,030 per month, which is 19.5% cheaper than the national average of
$1,280 and 5.8% more than the state average of
$970.
Can I afford Canyon?
To live comfortably in Canyon (zip 79016), Texas, a minimum annual income of
$52,920 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Canyon?
79016 Canyon, TX is an affordable place to live with a cost of living that is relatively low. According to BestPlaces’s Cost of Living Index, the city scores 57.54 out of 100, which is considered very low compared to most United States cities. Rent for a one-bedroom apartment in the city center of 79016 Canyon costs about $600 per month and rent for a three-bedroom apartment costs around $900 per month. Groceries are reasonably priced and utilities such as electricity and water are also quite inexpensive. The cost of dining out is also relatively affordable with an average meal for two people costing around $25 at a mid-range restaurant. Additionally, gasoline prices in the area tend to be lower than other parts of the country on average. All these factors make 79016 Canyon an attractive destination for people looking for an affordable place to live without compromising too much on quality and lifestyle.