55920 Byron, MN is a small town located in Olmsted County with a population of 4,588 people. The 2 bedroom rent averages $1,250 which is significantly lower than the US average of $1,430. The cost of living in 55920 Byron is also lower than the US national average with a Grocery Cost Index score of 100 versus 100 for the US. In terms of local businesses, there is an Automotive shop that specializes in car repair services called Hammer Time Auto Repair and a family-owned grocery store named K & J Market. Both are popular among residents due to their willingness to interact with customers and help them find the best deals around town. All in all, 55920 Byron offers great value for money when it comes to housing and other living costs compared to other places throughout the United States.
Byron (zip 55920) has an unemployment rate of 3.7%. The US average is 6.0%.
Byron (zip 55920) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 33.6%, which is higher than the US average of 33.5%.
Tax Rates for Byron (zip 55920)
- The Sales Tax Rate for Byron (zip 55920) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Byron (zip 55920) 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 (zip 55920)
- The average income of a Byron (zip 55920) resident is $33,119 a year. The US average is $28,555 a year.
- The Median household income of a Byron (zip 55920) resident is $112,841 a year. The US average is $69,021 a year.