Randall County · Texas · South · 16k residents
Canyon, TX: economy, jobs & business costs
The site-selection read on Canyon: labor costs, talent, corporate tax, energy, and business activity, with the Texas median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,074/wk. Texas's corporate income tax rate is 0%. Commercial electricity averages 8.6¢/kWh.
Compare Canyon side by side
Avg. weekly wage
$1,074/wk
Corporate income tax
0%
Bachelor's degree or higher
44.7%
Commercial electricity
8.6¢/kWh
Economic momentum
How fast Canyon's economy is moving, ranked against the US cities we track.
75/100
Heating
Ranks Canyon's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $240,300 |
| Price per sq. ft. | $170 |
| Property tax rate | 1.68% |
| 1-bedroom rent | $760/mo |
| 2-bedroom rent | $1,068/mo |
| State & local income tax | 0% |
| Sales tax | 8.2% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,074/wk |
| Bachelor's degree or higher | 44.7% |
| Commercial electricity | 8.6¢/kWh |
| Businesses per 1k residents | 18.2/1k |
| Wage: Software developer | $116,530 |
| Wage: Registered nurse | $86,850 |
| Wage: General manager | $85,770 |
| Wage: Customer service | $38,990 |
| Wage: Warehouse worker | $35,350 |
| Wage: Heavy truck driver | $54,290 |
| Wage: Electrician | $54,360 |
| Wage: Retail salesperson | $29,310 |
| Cost of living index | 86 |
| Groceries index | 96 |
| Utilities | $185/mo |
| Transit pass | $96/mo |
| Gas price | $2.90/gal |
| Healthcare index | 96 |
| Childcare (per child) | $1,000/mo |
| Median household income | $69,772 |
| Unemployment rate | 4% |
| Population | 16k |
| Crime index | 50/100 |
| School rating | 5.5/10 |
| Walkability | 30/100 |
| Disaster risk | 87/100 |
| Avg. commute | 27 min |
| Sunny days / year | 230 days |
| July high | 93°F |
| January low | 23°F |
| Annual snowfall | 8 in |
| Home price YoY | +2.2% |
| Home price MoM | +0.1% |
| Rent YoY | +6.5% |
| Rent MoM | +0.3% |
| Employment (jobs) YoY | +0.7% |
| Building permits YoY | +121.1% |
| Ocean coast | 540 mi |
| Big lake | 243 mi |
| Mountains | 224 mi |
| Major airport | 21 mi |
| Ski resort | 213 mi |
Popular comparisons
Nearby
- Amarillo, TX · 202k
- Plainview, TX · 20k
- Pampa, TX · 17k
- Lubbock, TX · 265k
- Big Spring, TX · 24k
Similar size
- Live Oak, TX · 16k
- South Houston, TX · 16k
- Highland Village, TX · 16k
- Mount Pleasant, TX · 16k
- Gatesville, TX · 16k
Real listings in Canyon
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Canyon a good place to run a business?
- Texas's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,074/wk; commercial electricity averages 8.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Canyon, TX?
- Canyon indexes at 86 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,068/mo and a acs median home value of $240,300.
- How much does a house cost in Canyon?
- The acs median home value in Canyon is $240,300 (Census ACS estimate; individual listings vary).
- How much is rent in Canyon?
- A two-bedroom in Canyon rents for about $1,068/mo.