Byron, IL
Population 3,742 · Illinois
About Byron, IL
Byron is a small town located in Illinois with a population of 3,742 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,235 per year, which is 4% above the national median of $75,149. The median age of 35.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Byron features a median home value of $182,600, which is 25% below the national median of $244,900. This positions Byron in a moderately priced market relative to the rest of the country. Median monthly rent is $941, 19% below the national average of $1,163/month. Of the 1,521 total housing units, 71% are owner-occupied (1,040 units) and 29% are renter-occupied (426 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Byron shows an unemployment rate of 3.9%, which is near the national rate of 3.7%. The poverty rate stands at 9.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Byron have an average one-way commute time of 23.5 minutes.
Education & Demographics
31.1% of Byron residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 8.6% White, 2.5% Hispanic or Latino, 0.0% Black or African American, and 0.5% Asian residents, with 3.6% of the population being foreign-born.
Cost of Living in Byron, IL
Compared to national averages, Byron has a median household income of $78,235 (4% above the national median of $75,149). Home values average $182,600, which is 25% below the national median. Monthly rent at $941 is 19% below the US average of $1,163. Within Illinois, Byron's income is 4% above the state average of $75,072, and home values are 10% above the state median of $165,779.
Why Live in Byron, IL?
Byron offers a strong local economy with a median household income of $78,235, well above the national average, and affordable housing with a median home value of $182,600, below the US average of $244,900, and rent that’s lower than the national average at $941/month. Additionally, the city features a low poverty rate of 9.0%, better than the national average, and short commute times averaging just 23.5 minutes.
Byron has a population of 3,742 with a median age of 35.8 years. Compare Byron with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Byron
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Aledo | 3,753 | $62,829 | $140,000 | Compare |
| Oglesby | 3,723 | $71,618 | $130,900 | Compare |
| Eldorado | 3,762 | $39,766 | $68,600 | Compare |
| Deer Park | 3,711 | $160,750 | $636,200 | Compare |
| Morrison | 3,781 | $67,580 | $117,300 | Compare |
| Rochester | 3,784 | $112,689 | $241,900 | Compare |
| Red Bud | 3,789 | $68,051 | $170,300 | Compare |
| Dwight | 3,794 | $67,712 | $143,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Byron With Other Cities
Frequently Asked Questions about Byron
What is the population of Byron, IL?
The population of Byron, IL is 3,742 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Byron?
The median household income in Byron, IL is $78,235 per year, which is 4% above the national median of $75,149.
What is the median home value in Byron?
The median home value in Byron, IL is $182,600, which is 25% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Byron?
The median monthly rent in Byron, IL is $941, which is 19% below the national average of $1,163/month.
What is the unemployment rate in Byron?
The unemployment rate in Byron, IL is 3.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Byron, IL a good place to live?
Byron offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 3,742 and a median age of 35.8, the city appeals to a broad range of residents.
How educated is Byron, IL?
31.1% of residents in Byron aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Byron?
Key cost-of-living indicators for Byron, IL: median home value is $182,600 (25% below national), median rent is $941/month, and median household income is $78,235. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Byron?
The poverty rate in Byron, IL is 9.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Byron, IL?
Byron's population is 8.6% White, 2.5% Hispanic or Latino, 0.0% Black or African American, 0.5% Asian, and 0.1% two or more races. 3.6% of residents are foreign-born.