Canon, NM is a great place to live with an affordable cost of living. The average two bedroom rent in Canon is $1,360 which is lower than the US average at $1,430. Additionally, the grocery cost index in Canon is 92 compared to 100 in the US. This means that groceries are more affordable in Canon. Local companies in Canon include Midwest Equity Mortgage, Sandia Laboratory Federal Credit Union, and La Vida Llena Retirement Community. With a low rental rate and discounted grocery costs, residents in Canon can enjoy a comfortable lifestyle without breaking the bank.
Canon has an unemployment rate of 8.0%. The US average is 6.0%.
Canon has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Canon
- The Sales Tax Rate for Canon is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Canon 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 Canon
- The average income of a Canon resident is $23,243 a year. The US average is $28,555 a year.
- The Median household income of a Canon resident is $110,129 a year. The US average is $69,021 a year.