Cannon AFB, NM is an ideal location for those looking to save money on rent while enjoying a high quality of life. The average 2 Bedroom Rent in Cannon AFB, NM is only $800 which is much less than the US average of $1,430. Additionally, the Grocery Cost Index in Cannon AFB, NM is 94 compared to 100 in the US.
Cannon AFB, NM has many local businesses that contribute to its economy and community. Notable companies include O’Reilly Auto Parts, Walmart Supercenter, and Ross Dress For Less. These businesses provide employment opportunities for locals as well as services and products that benefit the community greatly.
Cannon AFB has an unemployment rate of 5.4%. The US average is 6.0%.
Cannon AFB has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Cannon AFB
- The Sales Tax Rate for Cannon AFB is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Cannon AFB is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cannon AFB
- The average income of a Cannon AFB resident is $17,320 a year. The US average is $28,555 a year.
- The Median household income of a Cannon AFB resident is $44,522 a year. The US average is $69,021 a year.