Byron, MN Cost Of Living

Demographics | Cost Of Living | Photos
Updated: 2020-03-08
Byron's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Byron is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Byron, MN?

According to the most recent data on the cost of living, Byron has an overall cost of living index of 104 which is 1.0x higher than the national index of 100.

Compared to only Minnesota, Byron has a cost of living index that's 1.0x lower than Minnesota's index of 104.

The standard of living in Byron ranks as #3613 most affordable out of the 6522 places we measured in Minnesota. By definition, that implies Byron ranks as the #2794 most expensive place in the North Star State.

For more reading on life in Byron, check out:

Byron Cost Of Living Vs. Minnesota

Living Expense Byron Minnesota National Average
Overall 104 104 100
Services 114 109 100
Groceries 103 106 100
Health 105 110 100
Housing 96 100 100
Transportation 102 100 100
Utilities 96 98 100
For more reading on cost of living around Minnesota, check out:
Byron Cost of Living Vs. MN

Byron, MN Housing Cost Breakdown

Housing swings affordability the most between places in Minnesota, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Byron Minnesota United States
Median Home Value $199,600 $211,800 $204,900
Median Rent $945 $944 $1,023
Median Income $86,977 $68,411 $60,293
Home Value To Income 2.3x 3.1x 3.4x
Rent To Monthly Income 0.13x 0.17x 0.2x

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Cost Of Living In Cities Around Byron

City Population Cost Of Living Vs. Byron
Rochester, MN 113,913 97 0.9x
Winona, MN 26,981 94 0.9x
Owatonna, MN 25,656 94 0.9x
Austin, MN 25,006 88 0.8x
Faribault, MN 23,711 93 0.9x
Hastings, MN 22,690 104 1.0x
Northfield, MN 20,217 104 1.0x
Waseca, MN 9,056 90 0.9x
Kasson, MN 6,295 93 0.9x
Stewartville, MN 6,133 95 0.9x

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