Regional Profile

Bayard

Bayard, located in west central Morrill County, bases its economy on agriculture and livestock. The original town of Bayard was established in July of 1888, and Chimney Rock, designated a national historic site by the federal government in 1956, remains its most prominent landmark.

Population Demographics

As of 2024 the population of Bayard is 1,107. The population is expected to shrink to 1,086 by 2029 - a growth rate of -0.38%.

The median age of Bayard residents is 44.

The diversity index of Bayard is 51.3, meaning that there is a 51% chance that any two people selected out of 100 residents will be of different race or ethnicity from one another.

Housing and Income

The average household income in Bayard is $80,617 and projected to be $92,616 in 2029. Per capita income is $32,692, projected to be $37,932 in 2029. 0.45% of households – 5 – have an income of $200,000 or higher. Average net worth is $641,254 and the average disposable income is $65,219.

There are 533 housing units in Bayard; 347 are owner-occupied, 101 are rented, and 85 are vacant. The average home value is $159,078, with 0 homes built in 2010 or later, and 251 built in 1939 or earlier.

Business and Workforce

There are 50 businesses in Bayard, employing 374 workers and pulling from a labor force of 654 age 16 and above. 248 workers commute into Bayard from outside the county or state. Key industries for the area include:

367 residents both live and work in/around Bayard. The average travel time is 28.2 minutes. 20.44% people have a commute of less than 5 minutes while 10.35% commute 90 minutes or more each way. Of commuters, 560 drive alone, 36 carpool, and 0 take public transportation. 6 use other modes of transport such as motorcycle, bicycle, walking, etc. 52 residents work from home.

285 members of the workforce hold a high school diploma or GED. 92 have associates degrees, 118 have bachelor’s degrees, and 29 hold a graduate or professional degree.