Bayfield is a very small town located in the state of Colorado. With a population of 2,897 people and two associated neighborhoods, Bayfield is the 120th largest community in Colorado.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 10.48% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Being a small town, Bayfield does not have a public transit system used by locals to get to and from work.

The overall education level of Bayfield citizens is substantially higher than the typical US community, as 31.30% of adults in Bayfield have at least a bachelor's degree, and the average American community has 21.84%.

The per capita income in Bayfield in 2022 was $38,039, which is middle income relative to Colorado, and upper middle income relative to the rest of the US. This equates to an annual income of $152,156 for a family of four. However, Bayfield contains both very wealthy and poor people as well.

Bayfield is a very ethnically-diverse town. The people who call Bayfield home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Bayfield residents report their race to be White. Bayfield also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 19.31% of the town’s residents. Important ancestries of people in Bayfield include English, German, Irish, European, and Scottish.

The most common language spoken in Bayfield is English. Other important languages spoken here include Spanish and Native American languages.