Housing costs in Bayard?
A typical home costs
$113,200, which is 66.5% less expensive than the national average of
$338,100 and 57.6% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Bayard costs
$790 per month, which is 22.5% cheaper than the national average of
$1,020 and close to the state average of
$800.
Can I afford Bayard?
To live comfortably in Bayard (zip 88023), New Mexico, a minimum annual income of
$21,600 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Bayard?
88023 Bayard, NM is an affordable place to live with a low cost of living. According to the BestPlaces Bureau's American Community Survey, the median home value for 88023 Bayard, NM is around $99,100 which is significantly lower than the state average. The median household income for 88023 Bayard, NM is about $38,921 and the unemployment rate is 6.2%. Additionally, sales tax in 88023 Bayard, NM is only 5.125%, making it one of the lowest in the state. With its low housing costs and cost of living overall, 88023 Bayard, NM makes it easy to find a great place that fits into any budget.