Cost of Living in Byron, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
98.0
100 = national avg
-2.0 vs national average
Living Wage (1 Adult)
$43,114
per year
Living Wage (Family of 4)
$101,906
per year
Cost Index by Category
Housing96.9
Food99.0
Transportation98.0
Healthcare99.2
Utilities98.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$812
per month
2 Bedroom
$1,066
per month
The overall cost of living index in Byron is 98.0, which is 2.0% below the national average. Housing costs are below the national average at an index of 96.9. A single adult needs to earn approximately $43,114 per year to cover basic expenses.