Living in Baxter, Minnesota
Cost of living, income, home prices, rent and demographics of Baxter · Census data 2020–2024
Baxter has 8,966 residents with a median age of 43.1. The median household income is $70,688 (21% lower than the Minnesota median), the median home value is $324,100, the median rent is $1,154/month.
Baxter at a glance
- Population
- 8,966
- Median age
- 43.1State: 38.8
- Median household income
- $70,688State: $89,062
- Median home value
- $324,100State: $329,300
- Median rent
- $1,154/moState: $1,280
- Homeowners
- 62.6%
- Bachelor's degree or higher
- 38.3%
- Average commute
- 19 min
Is Baxter a good place to live?
Pros: Home values about the same as the state median; an average commute of 19 minutes; unemployment of 2.3%.
Cons: Median household income 21% lower than the Minnesota median; a poverty rate of 13.1%.
The weather is best in June to September.
Cost of living in Baxter
Housing is the biggest part of the cost of living. In Baxter the median home value is $324,100, about the same as the U.S. median. Renters pay a median of $1,154 per month, which is 31.9% of household income. Homeowners with a mortgage pay $1,594 a month in housing costs.
Baxter median household income
The median household income in Baxter is $70,688 and the income per person is $42,530. 13.1% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Baxter: homes for sale and rent
- Housing units
- 4,089
- Owner-occupied
- 62.6%
- Renter-occupied
- 37.4%
- Vacant
- 2.4%Includes seasonal homes
- Median year built
- 2000
- Average household size
- 2.20
Baxter demographics
- Population
- 8,966
- Median age
- 43.1
- Under 18
- 19.8%
- 65 and older
- 23.4%
- Households
- 3,990
- Foreign-born
- 1.3%
- Veterans
- 8.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Baxter ›
Education in Baxter
38.3% of adults 25 and older in Baxter have a bachelor's degree or higher (Minnesota: 39.4%), and 14.5% have a graduate or professional degree.
Jobs and commute in Baxter
- Unemployment rate
- 2.3%State: 4.1%
- Average commute
- 19 minState: 23 min
- Work from home
- 19.1%
- Drive alone
- 72.7%
- Public transit
- 0%
- Walk to work
- 1.2%
- Homes with broadband
- 88.2%
Baxter vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Baxter | 8,966 | $70,688 | $324,100 | $1,154 |
| Brainerd | 14,468 | $56,111 | $192,500 | $827 |
| East Gull Lake | 1,076 | $123,333 | $553,700 | $1,438 |
| Pillager | 547 | $67,679 | $180,300 | $1,063 |
| Merrifield | 121 | $39,572 | $226,800 | — |
| Nisswa | 1,954 | $100,000 | $481,200 | $867 |
| Lake Shore | 1,073 | $96,563 | $513,200 | — |
| Riverton | 145 | $55,313 | $120,800 | $730 |
| Ironton | 621 | $62,813 | $144,000 | $1,014 |
More for people moving to Baxter
Baxter ZIP code ›Weather and climate ›Living in Baxter: FAQ
What is the median household income in Baxter, MN?
The median household income in Baxter is $70,688, 21% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Baxter?
The median home value in Baxter is $324,100, compared with $329,300 in Minnesota.
How much is rent in Baxter?
The median gross rent in Baxter is $1,154 per month, about 31.9% of household income.
Is Baxter, MN a good place to live?
Pluses: home values about the same as the state median; an average commute of 19 minutes; unemployment of 2.3%. Minuses: median household income 21% lower than the Minnesota median; a poverty rate of 13.1%.
What is the median age in Baxter?
The median age in Baxter is 43.1 years (Minnesota: 38.8).
How long is the commute in Baxter?
The average commute to work in Baxter is 19 minutes; 19.1% of workers work from home.
What is the unemployment rate in Baxter?
The unemployment rate in Baxter is 2.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Baxter?
38.3% of adults in Baxter have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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