Canones, NM Economy


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Canones, NM is a small town located in the central part of New Mexico. It has a population of around 1,000 people and offers a slower pace of life compared to its larger cities. The cost of living in Canones is quite attractive compared to the rest of the country, with the median rent for a two bedroom being $770 compared to the US rent median of $1,430. The Grocery Cost Index in Canones is also lower than that of the US at 95 versus 100.
In addition to its low cost of living, Canones has some great companies that offer excellent services in the area such as Woodman's Auto Repair and D&N Real Estate. Woodman's Auto Repair offers complete automotive repair services for cars, trucks and SUVs while D&N Real Estate provides real estate solutions including buying, selling and renting property. Both companies are well-known locally and have served residents for many years.

Income by Population Percent

  EconomyCanones, New MexicoUnited States
  86
  -3.1%-6.2%
  33.2%33.5%
  6.9%6.2%
  4.9%4.6%
  $38,018$37,638
Household Income 69021
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