88023 Income Statistics

Comparison to Surrounding Areas

88023 Median Household Income

The median household income ($34,477) for 88023 is less than the median household income for 88026 ($57,898) and Grant County ($44,958). But it's more than 88034 ($-1), 88041 ($33,403), 88043 ($34,236), and Cobre CDP ($-1). And it's the same as Bayard city ($34,477).

88023$34,477
Bayard city$34,477
Cobre CDP$-1
Grant County$44,958

Get Median Household Income for all Zip Codes in New Mexico.

88023 Average Household Income

The average household income ($55,500) for 88023 is less than the average household income for 88026 ($70,170) and Grant County ($69,954). But it's more than 88034 ($-1), 88041 ($42,803), 88043 ($50,194), and Cobre CDP ($-1). And it's the same as Bayard city ($55,500).

88023$55,500
Bayard city$55,500
Cobre CDP$-1
Grant County$69,954

Get Average Household Income for all Zip Codes in New Mexico.

88023 Per-Capita Income

The per-capita income for 88023 is $23,032. The per capita income ($23,032) for 88023 is less than the per capita income for 88026 ($31,110), 88043 ($25,662), and Grant County ($31,209). But it's more than 88034 ($-1), 88041 ($23,029), and Cobre CDP ($-1). And it's the same as Bayard city ($23,032).

88023$23,032
Bayard city$23,032
Cobre CDP$-1
Grant County$31,209

Get Per-Capita Income for all Zip Codes in New Mexico.

88023 High Income Households

1.5% of households make over $200,000 a year. The percent high income households (1.5%) for 88023 is less than the percent high income households for 88026 (8.7%) and Grant County (3.7%). But it's more than 88034 (0.0%), 88041 (0.0%), 88043 (0.3%), and Cobre CDP (-1.0%). And it's the same as Bayard city (1.5%).

880231.5%
Bayard city1.5%
Cobre CDP-1.0%
Grant County3.7%

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88023 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
88023$-1$40,952$29,632$-1
Bayard city$-1$40,952$29,632$-1
Cobre CDP$-1$-1$-1$-1
Grant County$21,450$41,278$47,895$45,609

Get Median Household Income by Age of Householder for all Zip Codes in New Mexico.

88023 Map

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About the Data

Data Sources

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2024 5-year estimates. You can find this information and other demographics for 88023 on the US Census Bureau’s website. These values are in 2024 inflation-adjusted dollars and were downloaded on 29 January 2026.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars) By Age Of Householder

Margins of Error

Margins of error for the income data are:

Median Household Income Average Household Income Per Capita Income High Income Households Median Household Income by Age of Householder
under 25 25 to 44 45 to 64 65+
88023+/-$9,859+/-$12,758+/-$5,105+/-2.3%+/-$-1+/-$15,006+/-$8,405+/-$-1
Bayard city+/-$9,859+/-$12,758+/-$5,105+/-2.3%+/-$-1+/-$15,006+/-$8,405+/-$-1
Cobre CDP+/-$-1+/-$-1+/-$-1+/--1.0%+/-$-1+/-$-1+/-$-1+/-$-1
Grant County+/-$4,212+/-$5,233+/-$2,061+/-1.1%+/-$12,955+/-$8,797+/-$12,890+/-$5,289