Bayfield, CO is an ideal location for those looking to settle down. The median 2 bedroom rent of $1,730 is just a bit higher than the national average of $1,430, making it more affordable than many other places. Additionally, the Grocery Cost Index in Bayfield is generally 5% higher than the US average. There are plenty of local businesses to explore such as Bayfield Hardware & Lumber Company and The Mill Kitchen & Bar. There's also plenty of outdoor activities to partake in like hiking along the Colorado Trail or camping near Vallecito Lake. No matter what you're interested in doing, Bayfield has something for everyone.
Bayfield has an unemployment rate of 6.5%. The US average is 6.0%.
Bayfield has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 43.2%, which is higher than the US average of 33.5%.
Tax Rates for Bayfield
- The Sales Tax Rate for Bayfield is 4.9%. The US average is 7.3%.
- The Income Tax Rate for Bayfield is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bayfield
- The average income of a Bayfield resident is $29,777 a year. The US average is $28,555 a year.
- The Median household income of a Bayfield resident is $76,176 a year. The US average is $69,021 a year.