Bayard, NE is a small town located in the Midwest. Its population may be small but it provides its residents with plenty of amenities. The average cost of rent for a two bedroom apartment in Bayard is only $990, which is much lower than the national average of $1,430. Additionally, grocery costs are comparatively cheaper here as well, with the Grocery Cost Index being 97 versus 100 in the US.
Some local companies that have made Bayard their home are B&R Feeds and Supplements which is a family owned feed store; S & M Automotive Repair which offers car repairs and maintenance; and LJ Farms & Lawn Care offering lawn services to customers throughout the town.
Bayard has an unemployment rate of 2.6%. The US average is 6.0%.
Bayard has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Bayard
- The Sales Tax Rate for Bayard is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Bayard is 6.8%. 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 $25,749 a year. The US average is $37,638 a year.
- The Median household income of a Bayard resident is $55,313 a year. The US average is $69,021 a year.