Housing costs in Canon?
A typical home costs
$442,100, which is 30.8% more expensive than the national average of
$338,100 and 65.5% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Canon costs
$1,360 per month, which is 4.9% cheaper than the national average of
$1,430 and 25.0% more than the state average of
$1,020.
Can I afford Canon?
To live comfortably in Canon, New Mexico, a minimum annual income of
$84,600 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Canon?
Canon, NM is known for its low cost of living. The median home price in Canon is lower than the national average, making it an attractive option for those looking to purchase property in a rural area. Prices at grocery stores and restaurants are also usually significantly cheaper than other areas, making it easy to save money while still enjoying the amenities that Canon has to offer. Additionally, utilities like electricity and water are generally affordable and residents can take advantage of low property taxes as well. All in all, Canon is an excellent choice for someone looking for a rural area with a low cost of living.