Cannon AFB, NM vs Waterflow, NM

Cannon AFB, NM and Waterflow, NM have a very similar cost of living, with only a 3.2% difference in their overall index. Cannon AFB scores 96 while Waterflow scores 93 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

Renters will find that Cannon AFB has a median rent of $1,272/month while Waterflow comes in at $1,602/month, a 21% difference.

Median household income in Cannon AFB is $67,132 compared to $60,278 in Waterflow (+11.4%). While Cannon AFB is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cannon AFB spend roughly 22.7% of their income on rent, less than the 31.9% in Waterflow. The Cannon AFB ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.