Cost of Living in Byron, MN
Housing
The housing market plays a significant role in determining the cost of living in Byron, MN.
- Housing Index: 103 / 100
- Median Home Price is: $360,000
- Average Rent (2 BR Apartment): $1560 per month
- Average Rent (2 BR House): $1696 per month
Based on the housing data for Byron, MN, the median home price stands at 360000, making homeownership a potentially affordable venture. However, the housing index, alongside the apparent lack of rental data with zero reported for both 1560 and 1696, suggests limited market activity or entry barriers, such as high demand or zoning issues. Before deciding to move, consider researching local amenities, employment opportunities, and community characteristics, as these will influence your living experience just as much as housing costs do.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Byron, MN.
- Electricity Price: $16.38 USD (median by state)
- Natural Gas Price: $14.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $233 per month
Living in Byron, MN could entail higher utility costs. Electricity costs sit at $16.38, while natural gas is priced at $14.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $233 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Byron is a financially viable option for your relocation.