Cañones, NM
Population 91 · New Mexico
About Cañones, NM
Cañones is a small community located in New Mexico with a population of 91 residents according to the latest US Census Bureau American Community Survey data. The median household income is $98,750 per year, which is 31% above the national median of $75,149. The median age of 64.5 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 Cañones features a median home value of $525,000, which is 114% above the national median of $244,900. This places Cañones in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 68 total housing units, 100% are owner-occupied (57 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cañones 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 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cañones have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
9.9% of Cañones residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 34.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 65.9% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Cañones, NM
Compared to national averages, Cañones has a median household income of $98,750 (31% above the national median of $75,149). Home values average $525,000, which is 114% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Cañones's income is 46% above the state average of $67,435, and home values are 125% above the state median of $233,762.
Why Live in Cañones, NM?
Cañones offers a strong local economy with a median household income of $98,750, 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 $525,000. However, Cañones’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cañones has a population of 91 with a median age of 64.5 years. Compare Cañones with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Cañones
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ojo Caliente | 91 | $0 | $0 | Compare |
| Des Moines | 92 | $60,938 | $0 | Compare |
| Weed | 90 | $0 | $0 | Compare |
| Anzac Village | 89 | $107,321 | $0 | Compare |
| Lumberton | 93 | $0 | $0 | Compare |
| Caballo | 87 | $0 | $0 | Compare |
| Lake Valley | 87 | $80,739 | $225,000 | Compare |
| Lyden | 95 | $0 | $0 | 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 Cañones With Other Cities
Frequently Asked Questions about Cañones
What is the population of Cañones, NM?
The population of Cañones, NM is 91 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 Cañones?
The median household income in Cañones, NM is $98,750 per year, which is 31% above the national median of $75,149.
What is the median home value in Cañones?
The median home value in Cañones, NM is $525,000, which is 114% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cañones?
The median monthly rent in Cañones, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Cañones?
The unemployment rate in Cañones, 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 Cañones, NM a good place to live?
Cañones offers above-average incomes, a competitive housing market, and a strong job market. With a population of 91 and a median age of 64.5, the city appeals to established professionals and retirees.
How educated is Cañones, NM?
9.9% of residents in Cañones 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 Cañones?
Key cost-of-living indicators for Cañones, NM: median home value is $525,000 (114% above national), median rent is $0/month, and median household income is $98,750. The home-value-to-income ratio is 5.3x, a moderate figure by national standards.
What is the poverty rate in Cañones?
The poverty rate in Cañones, NM is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cañones, NM?
Cañones's population is 34.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 65.9% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.