Cost of Living in Cañon, NM

With a cost of living index of 128, Cañon, NM is a notably expensive place to live. Living here is 28% more expensive than the national average and 42% above the New Mexico state average of 86. Cañon is a small community of 424 residents.

The median household income in Cañon is $97,007, which is 29% higher than the national median of $75,149. While incomes are above average, they more than offset the higher cost of living.

Everyday prices in the Albuquerque, NM (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.