Bayard, IA is a small rural town located in western Iowa. The town is home to only about 1,000 people and has a very low cost of living. The average 2 bedroom rent in Bayard is only $840, which is much lower than the US average of $1,430. Additionally, the local Grocery Cost Index in Bayard is 91 compared to 100 for the US. Local businesses in Bayard include Farmers Savings Bank, Michael's Cycle Repair and C Store, and Wagon Wheel Cafe. These businesses provide residents with banking services, motorcycle repairs, and a variety of food options all while contributing to the local economy.
Bayard has an unemployment rate of 4.4%. The US average is 6.0%.
Bayard 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 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Bayard
- The Sales Tax Rate for Bayard is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bayard is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bayard
- The average income of a Bayard resident is $22,678 a year. The US average is $28,555 a year.
- The Median household income of a Bayard resident is $44,821 a year. The US average is $69,021 a year.