Canyon Lake, Texas Income Statistics
Canyon Lake Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Canyon Lake Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Canyon Lake | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $93,666 | $78,939 | $80,455 |
| Median Personal Income | $63,679 | $56,913 | $60,758 |
| Average Yearly Income Growth | 5.9% | 4.6% | 4.8% |
| Six-Figure Earners | 18.3% | 13.0% | 13.9% |
| $200k+ Households | 17.8% | 12.5% | 13.2% |
The median household income in Canyon Lake is about 19% higher than in Texas. Income has been growing faster in Canyon Lake (5.9%/yr) than in Texas (4.6%/yr).
About 18% of adults in Canyon Lake earn six figures ($100,000 or more) a year, higher than the Texas average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Canyon Lake, Texas grew by 63.3% from 2009 to 2024, reaching $93,666 in 2024. That's an average of about 5.9% per year.
Income Inequality and the Gender Pay Gap in Canyon Lake
| Metric | Canyon Lake | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.539 | 0.570 | 0.552 |
| Male Median Income | $75,925 | $66,147 | $69,667 |
| Female Median Income | $62,610 | $53,058 | $56,850 |
| Gender Pay Gap | 17.5% | 19.8% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Canyon Lake, it is 0.539, lower than Texas's 0.570, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 21% more than women's income in Canyon Lake, Texas. Over a 35-year career, a 21% wage gap accumulates to roughly $466,025 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Canyon Lake, Texas has narrowed from about 19% to 18% in 2024. Over that period the gap was widest at 27% in 2023, and was narrowest at 15% in 2020. In dollar terms, the gap has widened by $3,895 since 2009.
Employment
| Metric | Canyon Lake | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 5.2% | 5.2% |
| Working from Home | 23.1% | 14.4% | 15.0% |
| Commute time (minutes) | 33 | 22 | 22 |
Approximately 550 people are unemployed in Canyon Lake, Texas.
The average commute time in Canyon Lake is 33 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Canyon Lake, Texas has fallen from 8.1% to 3.6% in 2024. Over that period the rate peaked at 8.8% in 2012 and fell as low as 2.3% in 2021.
Canyon Lake, TX Wealth Compared With Nearby Cities
How Canyon Lake, TX compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Canyon Lake, TX | 33,085 | $93,666 #1/2 | 5.9%/yr #1/2 | 3.6% #1/2 | 0.539 #2/2 |
| New Braunfels, TX | 78,595 | $84,828 | 5.1%/yr | 4.6% | 0.515 |
Conclusion
Considering all these factors, Canyon Lake, Texas has an overall wealth index grade of B, making it somewhat better than Texas, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Canyon Lake, Texas.
How Rich Is Canyon Lake, Texas?
Canyon Lake has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $93,666, about 19% higher than the Texas average of $78,939.
How fast is household income rising in Canyon Lake, Texas?
Between 2009 and 2024, the median household income in Canyon Lake, Texas rose 63%, from $57,344 to $93,666. Over the same years, income here kept pace with Texas as a whole: +63% against +64%.
What was the median household income in Canyon Lake in 2023?
In 2023, the median household income in Canyon Lake, Texas was $88,457, up 4% from $84,965 in 2022. The Texas median that year was $76,528.
What was the median household income in Canyon Lake in 2020?
In 2020, the median household income in Canyon Lake, Texas was $76,980. By 2024 it had risen 22% to $93,666.
Is Canyon Lake, Texas a high-income area?
Yes. 18% of adults in Canyon Lake, Texas earn $100,000 or more a year (about 1 in 5), against 13% (about 1 in 8) in Texas. 18% of households have a combined income of $200,000 or more, compared with 12% in Texas.
Is it hard to find a job in Canyon Lake, Texas?
Unemployment in Canyon Lake, Texas is only 3.6%, well below the Texas rate of 5.2%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Canyon Lake, Texas?
The Gini coefficient in Canyon Lake is 0.539. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Canyon Lake, Texas?
Since 2009, the income gap between men and women in Canyon Lake, Texas has narrowed from about 19% to 18% in 2024. Over that period the gap was widest at 27% in 2023, and was narrowest at 15% in 2020. In dollar terms, the gap has widened by $3,895 since 2009.
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