Median rent is 23% lower in Canyon Lake ($1,327/mo vs $1,729/mo). Buying is cheaper in Canyon Lake, where the median home runs $389,300 versus $555,300. Households earn more in Canyon Lake ($97,301 vs $93,658 a year).
City A
Austin, TX
City B
Canyon Lake, TX
How much would you need to earn in Canyon Lake, TX to maintain your standard of living from Austin, TX?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Austin
Texas
Canyon Lake
Texas
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Canyon Lake — median rent of $1,327/mo versus $1,729/mo in Austin, a 23% difference. Home buyers face a steeper market in Austin: the median home is $555,300 versus $389,300 in Canyon Lake — 30% more expensive.
Metric
Austin
Canyon Lake
Software Developer
Registered Nurse
Elementary Teacher
Electrician
Accountant
Higher wage highlighted · BLS OEWS 2023 (metro-level data)
State tax data is not yet available for these cities.
Austin
Income tax: N/A
Sales tax: N/A
Canyon Lake
Income tax: N/A
Sales tax: N/A
Air quality data is available for Austin (avg AQI 65.0) but not yet for Canyon Lake.
Pick Canyon Lake if you prioritize cheaper rent ($1,327/mo median).
Cost of living index data is not yet available for one or both cities.
Median rent is $1,729/mo in Austin, TX and $1,327/mo in Canyon Lake, TX. Canyon Lake, TX has the lower rent by about 23%.
Median household income is $93,658 in Austin, TX and $97,301 in Canyon Lake, TX. Canyon Lake, TX has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Air quality data is not yet available for one or both cities.
State tax data is not yet available for one or both cities.
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
