Cañon, NM
Population 424 · New Mexico
About Cañon, NM
Cañon is a small community in New Mexico with a population of 424 residents. The median household income is $97,007 per year, which is above the national average. The median age in Cañon is 12.9 years.
Housing in Cañon has a median home value of $670,500 and median monthly rent of $0. Of the 105 total housing units, renting is more common than owning, with 30 owner-occupied and 75 renter-occupied units.
The unemployment rate in Cañon is 0.0% and the poverty rate is 0.0%. 32.7% of residents hold a bachelor's degree or higher. The average commute time is 0 minutes.
Cost of Living in Cañon, NM
Compared to national averages, Cañon has a median household income of $97,007 (29% above the national median of $75,149). Home values average $670,500, which is 174% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Cañon's income is 44% above the state average of $67,435, and home values are 187% above the state median of $233,762.
Why Live in Cañon, NM?
Cañon offers a strong local economy with a median household income of $97,007, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include a competitive housing market where the typical home costs $670,500. However, Cañon’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cañon has a population of 424 with a median age of 12.9 years. Compare Cañon with other cities to see how it stacks up, or explore all cities in New Mexico.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Cañon
What is the population of Cañon, NM?
The population of Cañon, NM is 424 according to the latest Census data.
What is the median household income in Cañon?
The median household income in Cañon, NM is $97,007 per year.
What is the median home value in Cañon?
The median home value in Cañon, NM is $670,500.
What is the average rent in Cañon?
The median monthly rent in Cañon, NM is $0.
What is the unemployment rate in Cañon?
The unemployment rate in Cañon, NM is 0.0%.