Byron, IL is a small city located in Ogle County that offers an idyllic, rural atmosphere. The cost of living is lower than the national average with 2 bedroom rent at $860 compared to the US average of $1,430. Grocery costs are also lower in Byron as the grocery cost index is 93 compared to 100 in the US. Despite its low cost of living, Byron still has plenty to offer its residents, as well as there are several companies located in and around the city such as Pierceton Wood Products and High Speed Manufacturing Inc. Visitors have plenty of activities to explore such as the Blackhawk Ski Club which has ski and snowboard slopes for all levels, or a trip down to Lowell Park where you can take in nature on a hike or enjoy a picnic.
Byron has an unemployment rate of 6.3%. The US average is 6.0%.
Byron has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 21.9%, which is lower than the US average of 33.5%.
Tax Rates for Byron
- The Sales Tax Rate for Byron is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Byron is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Byron
- The average income of a Byron resident is $26,758 a year. The US average is $28,555 a year.
- The Median household income of a Byron resident is $66,620 a year. The US average is $69,021 a year.