Bayard, NM (zipcode 88023) is an ideal place to live for those looking for cheaper rental options. The average rent of a two-bedroom apartment is approximately $790, which is much lower than the national average of $1,430. Additionally, many local shops and restaurants can be found in the area. There are several supermarkets in town, with a grocery cost index of 89 compared to 100 in the US. Popular local businesses include Walmart Supercenter for groceries and shopping needs, La Cocina Restaurant for Mexican cuisine, and Action Tire & Automotive Services for car maintenance needs. Other amenities Bayard has to offer are The Hatch Family Park and Elks Lodge 2581 for recreational activities. With all that Bayard has to offer its residents, it makes it the perfect affordable place to call home.
Bayard (zip 88023) has an unemployment rate of 8.2%. The US average is 6.0%.
Bayard (zip 88023) 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 (zip 88023)
- The Sales Tax Rate for Bayard (zip 88023) is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Bayard (zip 88023) 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 (zip 88023)
- The average income of a Bayard (zip 88023) resident is $16,992 a year. The US average is $28,555 a year.
- The Median household income of a Bayard (zip 88023) resident is $35,917 a year. The US average is $69,021 a year.