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.
Canones has an unemployment rate of 8.0%. The US average is 6.0%.
Canones has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Canones
- The Sales Tax Rate for Canones is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Canones 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 Canones
- The average income of a Canones resident is $38,018 a year. The US average is $37,638 a year.
- The Median household income of a Canones resident is $0 a year. The US average is $69,021 a year.