Cañoncito, NM
Population 946 · New Mexico
About Cañoncito, NM
Cañoncito is a small community located in New Mexico with a population of 946 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,072 per year, which is 4% below the national median of $75,149. The median age of 59.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Cañoncito features a median home value of $402,400, which is 64% above the national median of $244,900. This places Cañoncito in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,700, 46% above the national average of $1,163/month. Of the 454 total housing units, 82% are owner-occupied (340 units) and 18% are renter-occupied (73 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cañoncito shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.2%, above the national average of 12.4%. Workers in Cañoncito have an average one-way commute time of 29.8 minutes.
Education & Demographics
32.7% of Cañoncito residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 19.1% White, 4.2% Hispanic or Latino, 1.4% Black or African American, and 21.7% Asian residents, with 3.8% of the population being foreign-born.
Cost of Living in Cañoncito, NM
Compared to national averages, Cañoncito has a median household income of $72,072 (4% below the national median of $75,149). Home values average $402,400, which is 64% above the national median. Monthly rent at $1,700 is 46% above the US average of $1,163. Within New Mexico, Cañoncito's income is 7% above the state average of $67,435, and home values are 72% above the state median of $233,762.
Why Live in Cañoncito, NM?
Cañoncito offers a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($72,072) that falls below the national average, and a competitive housing market where the typical home costs $402,400. However, Cañoncito’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cañoncito has a population of 946 with a median age of 59.5 years. Compare Cañoncito with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Cañoncito
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Skyline-Ganipa | 937 | $66,071 | $57,200 | Compare |
| Fort Sumner | 958 | $0 | $154,000 | Compare |
| Carrizozo | 959 | $26,121 | $80,200 | Compare |
| El Rito | 961 | $24,611 | $273,700 | Compare |
| Twin Lakes | 961 | $22,917 | $56,000 | Compare |
| La Union | 917 | $0 | $156,300 | Compare |
| Arenas Valley | 915 | $74,107 | $166,100 | Compare |
| Isleta | 909 | $37,224 | $159,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Cañoncito With Other Cities
Frequently Asked Questions about Cañoncito
What is the population of Cañoncito, NM?
The population of Cañoncito, NM is 946 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New Mexico.
What is the median household income in Cañoncito?
The median household income in Cañoncito, NM is $72,072 per year, which is 4% below the national median of $75,149.
What is the median home value in Cañoncito?
The median home value in Cañoncito, NM is $402,400, which is 64% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cañoncito?
The median monthly rent in Cañoncito, NM is $1,700, which is 46% above the national average of $1,163/month.
What is the unemployment rate in Cañoncito?
The unemployment rate in Cañoncito, NM is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Cañoncito, NM a good place to live?
Cañoncito offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 946 and a median age of 59.5, the city appeals to established professionals and retirees.
How educated is Cañoncito, NM?
32.7% of residents in Cañoncito aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Cañoncito?
Key cost-of-living indicators for Cañoncito, NM: median home value is $402,400 (64% above national), median rent is $1,700/month, and median household income is $72,072. The home-value-to-income ratio is 5.6x, a moderate figure by national standards.
What is the poverty rate in Cañoncito?
The poverty rate in Cañoncito, NM is 13.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Cañoncito, NM?
Cañoncito's population is 19.1% White, 4.2% Hispanic or Latino, 1.4% Black or African American, 21.7% Asian, and 0.0% two or more races. 3.8% of residents are foreign-born.