Zip 55920 (Byron, MN) Cost of Living


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Byron cost of living score
94.2
Less expensive
5.8% lower
than the US average
3.1% lower
than the Minnesota average
Byron (zip 55920), Minnesota gets a BestPlaces Cost of Living score of 94.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.8% lower than the U.S. average and 3.1% higher than the average for Minnesota.

Zip 55920 (Byron, MN)

Housing costs in Byron?
A typical home costs $350,900, which is 3.8% more expensive than the national average of $338,100 and 13.4% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Byron costs $1,250 per month, which is 0.8% more than the national average of $1,240 and 8.0% more than the state average of $1,150.

Can I afford Byron?
To live comfortably in Byron (zip 55920), Minnesota, a minimum annual income of $67,320 for a family, and $40,000 for a single person is recommended.

What does A.I. say about Byron?
The cost of living in 55920 Byron, MN is slightly higher than the national average. The median home value is $193,000, which is 7% greater than the United States median home value of $179,000. Utility costs such as electricity, natural gas, and internet are all higher than the US national averages. However, groceries tend to be cheaper in Byron compared to other parts of the US due to its abundance of local farms and markets. Overall, the cost of living in 55920 Byron can be slightly higher or lower depending on your specific needs and lifestyle.
   Cost of living score
     CategoriesByronMinnesotaUnited States
  94.297.2100.0
  100.497.2100
  88.778.3100.0
  111.1102.9100.0
  $350,900$309,500$338,100
  103.5%95.7%100.0%
  78.096.4100.0
  135.9117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime