Byron township (Waseca County), MN Economy


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United States / Minnesota / No Metro Area / Waseca County / Byron township (Waseca County) / Zip Codes
Byron township (Waseca Cnty), MN is a vibrant community located in South Central Minnesota. The area has a variety of small businesses, such as J & M Meats, Tendercare Pharmacy, and Beyond Signs. It also boasts an array of recreational activities including fishing, snowmobiling, and camping.
Living in Byron township (Waseca Cnty), MN comes with a great benefit—low costs! The average 2 bedroom rent is $800 compared to the national average of $1,430 making it a much more affordable place to live. Grocery costs are also lower than the national average at 96 versus 100 according to the Cost Of Living Index. Therefore, living in Byron township (Waseca Cnty), MN is easy on your pocketbook without sacrificing quality amenities or recreational activities.

Byron township (Waseca County) has an unemployment rate of 6.0%. The US average is 6.0%.

Byron township (Waseca County) has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.

Tax Rates for Byron township (Waseca County)
- The Sales Tax Rate for Byron township (Waseca County) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Byron township (Waseca County) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Byron township (Waseca County)
- The average income of a Byron township (Waseca County) resident is $29,583 a year. The US average is $28,555 a year.
- The Median household income of a Byron township (Waseca County) resident is $75,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyByron township (Waseca County), MinnesotaUnited States
  66
  -1.9%-6.2%
  19.9%33.5%
  6.9%6.2%
  7.1%4.6%
  $30,952$37,638
  $75,000$69,021
  $105,179$85,028
  Population by Occupation
  9.9%1.2%
  0.5%0.5%
  6.0%6.8%
  18.1%10.0%
  1.1%2.5%
  21.4%11.0%
  0.0%4.8%
  0.0%0.8%
  5.5%1.9%
  2.7%4.7%
  0.0%1.9%
  0.5%7.6%
  0.0%0.1%
  0.0%4.2%
  5.5%9.3%
  27.5%14.0%
  0.0%2.1%
  0.0%7.0%
  1.1%4.8%
  0.0%4.7%
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