Housing costs in Canones?
A typical home costs
$305,300, which is 9.7% less expensive than the national average of
$338,100 and 14.3% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Canones costs
$770 per month, which is 24.5% cheaper than the national average of
$1,020 and 3.9% cheaper than the state average of
$800.
Can I afford Canones?
To live comfortably in Canones (zip 87516), New Mexico, a minimum annual income of
$58,320 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Canones?
The cost of living in 87516 Canones, NM is relatively low compared to other places in the U.S. The median home cost is $193,000, which is lower than the U.S. median of $228,700. In addition, monthly housing costs are generally quite affordable at around $710 per month. Groceries and dining out also tend to be fairly reasonable with an average grocery bill of about $66 per week for a family of four. Utility costs are also quite low with electricity running between $82 and $95 per month and natural gas around only $50 to $67 dollars a month. Taxes are also fairly low in Canones making it an even more attractive place to live for those looking for an affordable lifestyle.