Boyd established the port of Boydtown near the town of Eden east of the Monaro in 1843 to support pastoral activities on his properties in the region.

A school was established to serve the growing community around the station in 1871, and by 1884 significant commerce and industry had developed, with 3 carpenters, a stonemason, a blacksmith, a hotel and at least two stores operating in the town.

Modern Bibbenluke is a small community that has close links with and relies on the larger town of Bombala for many public services.

Other historic buildings in town include the Anglican church and the original Bibbenluke Hotel, although this has been converted to a private residence.

The local economy is based mostly around farming and tourism, with a number of small businesses operating, including the historic Ben Boyd Guesthouse and Bibbenluke Australian Stock Horse Stud.