Bayard, NM is a small town located in the Southwest region of the United States. It is known for its affordable living, as evidenced by its two bedroom rent of $790 per month, which is significantly below the U.S. average of $1,430. Additionally, Bayard offers a low cost of living in comparison to other cities due to its Grocery Cost Index being 89 versus 100 in the US.
Bayard has a variety of businesses and attractions that make it an enjoyable place to live and visit. Some local companies include Lone Mountain Tire & Automotive, Century Bank New Mexico, and Bayard Dairy Queen. There are numerous attractions nearby such as Gila National Forest, City of Rocks State Park, and Rockhound State Park. Visitors can enjoy hiking trails through stunning desert scenery or take in the history at Fort Bayard Historic Preservation Society Museum. All this makes Bayard an excellent destination for exploring and enjoying the great outdoors.
Bayard has an unemployment rate of 8.2%. The US average is 6.0%.
Bayard has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Bayard
- The Sales Tax Rate for Bayard is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Bayard is 4.9%. 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 $16,584 a year. The US average is $28,555 a year.
- The Median household income of a Bayard resident is $36,958 a year. The US average is $69,021 a year.