Cost of Living in Byron, WY

With a cost of living index of 76, Byron, WY is a very affordable place to live. Living here is 24% cheaper than the national average and 14% below the Wyoming state average of 90. Byron is a small community of 465 residents.

Housing costs are the biggest factor in Byron's cost of living. The median monthly rent is $1,025 (22% below the US median of $1,319), and the median home value sits at $152,000 (50% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Byron is $67,115, which is 11% lower than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.