Byron, MN
Population 6,510 · Minnesota
About Byron, MN
Byron is a small town located in Minnesota with a population of 6,510 residents according to the latest US Census Bureau American Community Survey data. The median household income is $121,681 per year, which is 62% above the national median of $75,149. The median age of 37.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Byron features a median home value of $326,400, which is 33% above 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 $1,079, 7% below the national average of $1,163/month. Of the 2,453 total housing units, 81% are owner-occupied (1,967 units) and 19% are renter-occupied (454 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Byron shows an unemployment rate of 4.9%, which is near the national rate of 3.7%. The poverty rate stands at 6.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Byron have an average one-way commute time of 21.3 minutes.
Education & Demographics
49.5% of Byron residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.6% White, 1.1% Hispanic or Latino, 0.0% Black or African American, and 3.5% Asian residents, with 2.8% of the population being foreign-born.
Cost of Living in Byron, MN
Compared to national averages, Byron has a median household income of $121,681 (62% above the national median of $75,149). Home values average $326,400, which is 33% above the national median. Monthly rent at $1,079 is 7% below the US average of $1,163. Within Minnesota, Byron's income is 64% above the state average of $74,221, and home values are 60% above the state median of $204,472.
Why Live in Byron, MN?
Byron offers a strong local economy with a median household income of $121,681, well above the national average, and rent that’s lower than the national average at $1,079/month, and a well-educated community where 49.5% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.2%, better than the national average, and short commute times averaging just 21.3 minutes.
Byron has a population of 6,510 with a median age of 37.4 years. Compare Byron with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Byron
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Litchfield | 6,599 | $57,539 | $183,900 | Compare |
| Zimmerman | 6,410 | $86,169 | $284,600 | Compare |
| Jordan | 6,704 | $110,139 | $319,000 | Compare |
| Delano | 6,712 | $118,091 | $347,500 | Compare |
| Stewartville | 6,754 | $65,714 | $258,000 | Compare |
| Corcoran | 6,854 | $143,250 | $540,100 | Compare |
| Medina | 6,858 | $219,181 | $660,800 | Compare |
| Kasson | 6,964 | $87,295 | $264,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
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, MN?
The population of Byron, MN is 6,510 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Byron?
The median household income in Byron, MN is $121,681 per year, which is 62% above the national median of $75,149.
What is the median home value in Byron?
The median home value in Byron, MN is $326,400, which is 33% above 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, MN is $1,079, which is 7% below the national average of $1,163/month.
What is the unemployment rate in Byron?
The unemployment rate in Byron, MN is 4.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Byron, MN a good place to live?
Byron offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 6,510 and a median age of 37.4, the city appeals to a broad range of residents.
How educated is Byron, MN?
49.5% of residents in Byron aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Byron?
Key cost-of-living indicators for Byron, MN: median home value is $326,400 (33% above national), median rent is $1,079/month, and median household income is $121,681. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Byron?
The poverty rate in Byron, MN is 6.2%, 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, MN?
Byron's population is 0.6% White, 1.1% Hispanic or Latino, 0.0% Black or African American, 3.5% Asian, and 1.8% two or more races. 2.8% of residents are foreign-born.