Cost of Living in Byron, MN

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B-
8%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
25%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Byron Minnesota National
Cost of living108100100
Groceries100100100
Health care99100100
Housing125100100
Transportation102100100
Utilities108104100
Lifestyle & Entertainment96100100
Household Items100100100
Education & Childcare10299100
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Homes For Sale In Byron, MN

property for sale

TBD Elton Ridge Ct NW

Rochester, MN
property for sale

1009 5th Ave NW

Byron, MN
property for sale

441 Wynnsong Dr NW

Byron, MN
property for sale

1348 4th St NW

Byron, MN
See the Newest Homes For Sale In Byron, MN

Cost Of Living Quick Facts

  • The cost of living in Byron is 8% higher than the Minnesota average
  • The cost of living in Byron is 8% higher than the national average
  • Byron housing is 25% higher than the national average
  • Minnesota general sales tax is 35% higher than the national average
  • Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around Byron

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Compare Byron, MN Cost of Living

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      Utilities index
      Lifestyle index
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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$171,108$14,259$3,992$5,134
      Renters$71,083$5,924$1,658$2,133
      A good way to judge both the affordability of the housing and the cost of living in Byron is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Byron has a median income of about $171,108 for people who own homes. Based on that number, a maximum of $3,992 should be spent on expenses related to housing. Renters have a slightly different median income, which is $71,083. Based on this average, renters should spend no more than $1,658 on all rental costs if they want to maintain a non-impoverished standard of living.

      Minnesota Sales Tax

      State General Sales Tax With Max Surtax
      Minnesota 6.875% 7.875%

      Minnesota Income Tax

      State Income Tax (Low) Income Tax (High)
      Minnesota 5.35% 9.85%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      West Concord, MN800919.0%
      Hammond, MN112918.6%
      Hayfield, MN1,340928.0%
      Dodge Center, MN2,816946.0%
      Mantorville, MN9851000.3%
      Byron, MN5,7041088.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Caruthersville, MO5,7048613.7%
      Lake Bluff, IL5,70316665.8%
      McKenzie, TN5,7098613.8%
      Cookshire-Eaton, QC5,709n/a 
      Franklin Center, NJ5,69715050.3%
      Byron, MN5,7041088.3%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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