Bayfield, CO
Population 2,862 · Colorado
About Bayfield, CO
Bayfield is a small town located in Colorado with a population of 2,862 residents according to the latest US Census Bureau American Community Survey data. The median household income is $92,821 per year, which is 24% above the national median of $75,149. The median age of 31.9 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Bayfield features a median home value of $418,400, which is 71% above the national median of $244,900. This places Bayfield in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,265, 9% above the national average of $1,163/month. Of the 1,074 total housing units, 80% are owner-occupied (776 units) and 20% are renter-occupied (191 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bayfield shows an unemployment rate of 8.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Bayfield have an average one-way commute time of 19.7 minutes, one of the shorter commutes in the region.
Education & Demographics
30.5% of Bayfield residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 7.8% White, 4.0% Hispanic or Latino, 0.5% Black or African American, and 9.0% Asian residents, with 1.2% of the population being foreign-born.
Cost of Living in Bayfield, CO
Compared to national averages, Bayfield has a median household income of $92,821 (24% above the national median of $75,149). Home values average $418,400, which is 71% above the national median. Monthly rent at $1,265 is 9% above the US average of $1,163. Within Colorado, Bayfield's income is 5% above the state average of $88,514, and home values are 8% below the state median of $457,127.
Why Live in Bayfield, CO?
Bayfield offers a strong local economy with a median household income of $92,821, well above the national average, and a low poverty rate of 10.6%, better than the national average, and short commute times averaging just 19.7 minutes.
Potential considerations include a competitive housing market where the typical home costs $418,400. However, Bayfield’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bayfield has a population of 2,862 with a median age of 31.9 years. Compare Bayfield with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Bayfield
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Frisco | 2,865 | $113,406 | $839,500 | Compare |
| Platteville | 2,924 | $87,642 | $376,600 | Compare |
| Meridian Village | 2,768 | $198,707 | $742,800 | Compare |
| Buena Vista | 2,966 | $58,409 | $495,800 | Compare |
| Acres Green | 2,709 | $115,536 | $540,000 | Compare |
| Snowmass Village | 3,048 | $107,559 | $1,748,000 | Compare |
| Holly Hills | 2,652 | $127,989 | $637,100 | Compare |
| Stepping Stone | 3,079 | $220,039 | $787,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Colorado
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Bayfield With Other Cities
Frequently Asked Questions about Bayfield
What is the population of Bayfield, CO?
The population of Bayfield, CO is 2,862 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Colorado.
What is the median household income in Bayfield?
The median household income in Bayfield, CO is $92,821 per year, which is 24% above the national median of $75,149.
What is the median home value in Bayfield?
The median home value in Bayfield, CO is $418,400, which is 71% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bayfield?
The median monthly rent in Bayfield, CO is $1,265, which is 9% above the national average of $1,163/month.
What is the unemployment rate in Bayfield?
The unemployment rate in Bayfield, CO is 8.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Bayfield, CO a good place to live?
Bayfield offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 2,862 and a median age of 31.9, the city appeals to young professionals and families.
How educated is Bayfield, CO?
30.5% of residents in Bayfield aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Bayfield?
Key cost-of-living indicators for Bayfield, CO: median home value is $418,400 (71% above national), median rent is $1,265/month, and median household income is $92,821. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in Bayfield?
The poverty rate in Bayfield, CO is 10.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Bayfield, CO?
Bayfield's population is 7.8% White, 4.0% Hispanic or Latino, 0.5% Black or African American, 9.0% Asian, and 0.0% two or more races. 1.2% of residents are foreign-born.