Baxter, MN
Population 8,804 · Minnesota
About Baxter, MN
Baxter is a small community in Minnesota with a population of 8,804 residents. The median household income is $71,272 per year, which is above the national average. The median age in Baxter is 42.9 years.
Housing in Baxter has a median home value of $298,400 and median monthly rent of $1,123. Of the 3,921 total housing units, the majority are owner-occupied, with 2,339 owner-occupied and 1,433 renter-occupied units.
The unemployment rate in Baxter is 2.1% and the poverty rate is 10.8%. 37.7% of residents hold a bachelor's degree or higher. The average commute time is 20.4 minutes.
Cost of Living in Baxter, MN
Compared to national averages, Baxter has a median household income of $71,272 (5% below the national median of $75,149). Home values average $298,400, which is 22% above the national median. Monthly rent at $1,123 is 3% below the US average of $1,163. Within Minnesota, Baxter's income is 4% below the state average of $74,221, and home values are 46% above the state median of $204,472.
Why Live in Baxter, MN?
Baxter offers rent that’s lower than the national average at $1,123/month, and a strong job market with an unemployment rate of just 2.1%, and a well-educated community where 37.7% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 10.8%, better than the national average, and short commute times averaging just 20.4 minutes.
Potential considerations include median household income ($71,272) that falls below the national average. However, Baxter’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Baxter has a population of 8,804 with a median age of 42.9 years. Compare Baxter with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Baxter
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Thief River Falls | 8,841 | $65,244 | $169,300 | Compare |
| Oak Grove | 9,031 | $114,679 | $394,100 | Compare |
| East Grand Forks | 9,067 | $74,618 | $243,800 | Compare |
| Little Falls | 9,094 | $46,284 | $198,100 | Compare |
| Minnetrista | 8,509 | $156,346 | $624,600 | Compare |
| Mound | 9,176 | $91,370 | $348,600 | Compare |
| Waseca | 9,209 | $61,546 | $185,600 | Compare |
| Dayton | 8,381 | $137,383 | $510,600 | 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.
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Frequently Asked Questions about Baxter
What is the population of Baxter, MN?
The population of Baxter, MN is 8,804 according to the latest Census data.
What is the median household income in Baxter?
The median household income in Baxter, MN is $71,272 per year.
What is the median home value in Baxter?
The median home value in Baxter, MN is $298,400.
What is the average rent in Baxter?
The median monthly rent in Baxter, MN is $1,123.
What is the unemployment rate in Baxter?
The unemployment rate in Baxter, MN is 2.1%.