Cost of Living in Bayard, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
64.7
100 = national avg
-35.3 vs national average
Living Wage (1 Adult)
$28,473
per year
Living Wage (Family of 4)
$67,300
per year
Cost Index by Category
Housing63.7
Food75.4
Transportation50.9
Healthcare80.3
Utilities78.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$801
per month
2 Bedroom
$1,048
per month
The overall cost of living index in Bayard is 64.7, which is 35.3% below the national average. Housing costs are below the national average at an index of 63.7. A single adult needs to earn approximately $28,473 per year to cover basic expenses.