Living in Bayard, New Mexico
Cost of living, income, home prices, rent and demographics of Bayard · Census data 2020–2024
Bayard has 2,057 residents with a median age of 34. The median household income is $34,477 (46% lower than the New Mexico median), the median home value is $117,700, the median rent is $716/month.
Bayard at a glance
- Population
- 2,057
- Median age
- 34State: 39.4
- Median household income
- $34,477State: $64,059
- Median home value
- $117,700State: $248,100
- Median rent
- $716/moState: $1,067
- Homeowners
- 59.8%
- Bachelor's degree or higher
- 26.4%
- Average commute
- 17 min
Is Bayard a good place to live?
Pros: Home values 53% lower than the state median; an average commute of 17 minutes.
Cons: Median household income 46% lower than the New Mexico median; unemployment of 12.8%; a poverty rate of 34.6%.
The weather is best in March to May and October.
Cost of living in Bayard
Housing is the biggest part of the cost of living. In Bayard the median home value is $117,700, 65% lower than the U.S. median. Renters pay a median of $716 per month, which is 29% of household income. Homeowners with a mortgage pay $1,089 a month in housing costs.
Bayard median household income
The median household income in Bayard is $34,477 and the income per person is $23,032. 34.6% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Bayard: homes for sale and rent
- Housing units
- 1,134
- Owner-occupied
- 59.8%
- Renter-occupied
- 40.2%
- Vacant
- 33.6%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.73
33.6% of homes are vacant most of the year, a sign that Bayard has many vacation and second homes.
Bayard demographics
- Population
- 2,057
- Median age
- 34
- Under 18
- 28%
- 65 and older
- 18.6%
- Households
- 753
- Foreign-born
- 9.9%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Bayard ›
Education in Bayard
26.4% of adults 25 and older in Bayard have a bachelor's degree or higher (New Mexico: 31%), and 8.3% have a graduate or professional degree.
Jobs and commute in Bayard
- Unemployment rate
- 12.8%State: 6%
- Average commute
- 17 minState: 24 min
- Work from home
- 3.4%
- Drive alone
- 49.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 82.1%
Bayard vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Bayard | 2,057 | $34,477 | $117,700 | $716 |
| Santa Clara | 1,809 | $57,898 | $141,500 | $543 |
| Hurley | 1,044 | $36,202 | $89,700 | $545 |
| Arenas Valley | 1,247 | $44,300 | $189,900 | — |
| Hanover | 263 | $31,000 | — | — |
| Silver City | 9,536 | $38,711 | $182,100 | $866 |
| Little Walnut Village | 1,445 | $125,175 | $292,700 | — |
| Tyrone | 814 | $47,031 | $166,100 | — |
| Mimbres | 330 | $66,250 | $179,400 | — |
More for people moving to Bayard
Bayard ZIP code ›Weather and climate ›Living in Bayard: FAQ
What is the median household income in Bayard, NM?
The median household income in Bayard is $34,477, 46% lower than the New Mexico median of $64,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Bayard?
The median home value in Bayard is $117,700, compared with $248,100 in New Mexico.
How much is rent in Bayard?
The median gross rent in Bayard is $716 per month, about 29% of household income.
Is Bayard, NM a good place to live?
Pluses: home values 53% lower than the state median; an average commute of 17 minutes. Minuses: median household income 46% lower than the New Mexico median; unemployment of 12.8%; a poverty rate of 34.6%.
What is the median age in Bayard?
The median age in Bayard is 34 years (New Mexico: 39.4).
How long is the commute in Bayard?
The average commute to work in Bayard is 17 minutes; 3.4% of workers work from home.
What is the unemployment rate in Bayard?
The unemployment rate in Bayard is 12.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Bayard?
26.4% of adults in Bayard have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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