Byron, MN vs Ham Lake, MN

There is a significant gap in the cost of living between these two cities. Byron is 17.7% cheaper than Ham Lake. With a cost index of 92 vs 112, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Byron to Ham Lake should plan for substantially higher expenses across most categories.

On the housing front, median rent in Byron is $1,079/month compared to $1,319/month in Ham Lake — a 18% difference. Home values follow the same pattern: Byron is more affordable at $326,400 median vs $430,100.

Median household income in Byron is $121,681 compared to $116,845 in Ham Lake (+4.1%). Byron offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Byron spend roughly 10.6% of their income on rent, less than the 13.5% in Ham Lake.