Canova, NM Economy


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Canova, NM is a small, rural community located in the southeastern corner of the US. The town itself has an estimated population of just over 500 people, but it offers many amenities and activities for its residents. The cost of living is relatively low compared to the rest of the country – two bedroom rents are about $810 per month whereas the US average is $1,430. Additionally, groceries are more affordable in Canova with an index score of 96 (versus 100 in the US).
Businesses in Canova include several gas stations and convenience stores, as well as two restaurants: Rosita's Kitchen and Las Pintas Mexican Grill. Other local businesses provide goods or services such as plumbing and electrical services from C&R Plumbing and Electric, gardening supplies from Green Thumb Nursery, auto repair from Bob's Auto Repair, or haircuts at Juanita's Hair Salon.

Income by Population Percent

  EconomyCanova, New MexicoUnited States
  86
  -3.1%-6.2%
  33.2%33.5%
  6.9%6.2%
  4.9%4.6%
  $36,325$37,638
Household Income 69021
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