salaryRent is lower than in 72% of U.S. cities. That makes it a rare mix of above-average pay and below-average rent. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 18.2 minutes. Most homes (83.2%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $50,200 a year. That is $24 an hour at a full-time job.
Is rent cheaper than other Minnesota cities?
Yes. Rent here is cheaper than in most of Minnesota. It is number 36 of 150 cities from cheapest to most expensive.
How much do households earn in Byron?
Share of households by yearly income. 50.7% of households earn $100,000 or more.
Rent by apartment size in Byron
| Size | Byron | U.S. average |
|---|---|---|
| 1 bedroom | $948 | $1,324 |
| 2 bedrooms | $1,358 | $1,509 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Byron overall?
Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Byron, so the Minnesota figure is shown.
Taxes and bills in Byron
Life in Byron
Is it cheaper to rent or buy in Byron?
Renting is cheaper right now: about $1,141 a month less.
Owning assumes a typical $345,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $34,530 for the down payment.
Frequently asked questions
What is the average rent in Byron, MN?
Renting in Byron costs a median of about $1,255 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Byron?
To keep rent under 30% of income, you need about $50,200 a year, or $24 an hour at a full-time job.
Is Byron cheap or expensive?
Byron is rated Cheap: rent takes 11.3% of the typical household income of $133,745. It ranks 36th cheapest of 150 Minnesota cities we track.
How much are property taxes in Byron?
The median homeowner in Byron pays $4,740 a year in property taxes, about 1.37% of the median home value.
Is Byron more expensive than the national average?
Overall prices in Minnesota are 1% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Byron?
The median home value in Byron is $345,300, about 2.6 times the typical yearly household income.
6,646 people live in Byron. Numbers are typical (middle) values.