Cost Of Living
The overall cost of living in this area is much lower than average. This includes everyday goods and services, as well as housing, utilities and health care.
Employment
The combination of higher than average median home income, income per capita and low unemployment rates results in a score that is well above average in the employment category.
Housing
This area has received high scores in the housing category. This could be due to a positive home affordability ratio, high appreciation rates or elevated home values.
Ratings
Local residents have positive things to say about the proximity of restaurants, grocery stores, parks, public transit, friendliness of neighbors, sense of community and overall safety of the area.
Amenities
A majority of amenities are not ideally situated within a reasonable walking distance, which may lead residents to rely on a vehicle or public transportation.
Commute
Public transportation is not readily available in this area and the average commute time to work could also be longer than the national average.
Health & Safety
Poor air quality and the inaccessibility of certain health related facilities like hospitals, clinics, doctors and pharmacies could have all contributed to the low score in this category.
Canyon Lake, Texas is a mid-sized city with a population of 26,338 residents. If we look at the most recent Census, Canyon Lake is known to have a predominantly White population. The next two most common races are Black and Asian. In Canyon Lake, there seems to be a shift in population towards an older age group. The average age of the population is now 50, which is significantly higher than the nation’s average. Canyon Lake is known to be family friendly as more than 70% of the population has already tied the knot. It might also be worth noting that 31% of residents also have children under the age of 18. An important consideration when living in Canyon Lake is the longer-than-average commute times. If you seek a short work commute, this area may not be the best choice for you. The one-way commute time here typically takes 39 minutes, far surpassing the national average of 26 minutes.
Whether you’re moving to a new area to be closer to family, friends or for a new job, living in Canyon Lake could be a positive experience compared to other cities in Texas if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. The best areas in Canyon Lake and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, cost of living, education, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Texas and national averages.
Using data and statistics Canyon Lake has received a livability score of 65/100. This score is ranked in the 62nd percentile when compared to all other cities. There are nine total categories that generate the livability score. Canyon Lake ranks well for cost of living (A), employment (A+) and housing (A+) Canyon Lake does not do well for the following: amenities (F). It might be wise to take a closer look at each category to find out why.
The unemployment rate in Canyon Lake has consistently declined over the years and currently stands well below the national average at 1.27%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Canyon Lake apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Canyon Lake is real estate affordability. The median home price for Canyon Lake homes is $243,300, which is 70.5% higher than the Texas average. If we take a closer look at the affordability of homes in Canyon Lake, we’ll see that the home price to income ratio is 3.1, which is 19.2% higher than the Texas average.
| Statistic | Canyon Lake | Texas | National |
| Average one way commute | 39min | 26min | 26min |
| Workers who drive to work | 78.8% | 80.3% | 76.4% |
| Workers who carpool | 6.0% | 10.6% | 9.3% |
| Workers who take public transit | 0.0% | 1.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 1.5% | 1.6% | 2.8% |
| Working from home | 12.2% | 4.3% | 4.6% |
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