Baxter, MN
8,966Residents
$70,688Median household income
$1,154/moMedian gross rent
$324,100Median home value
43.1Median age
38%Adults with a bachelor’s degree or higher
63%Homes lived in by their owners
4.6×Home value to household income
Median rent takes about 20% of the median household income in Baxter.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $46,000 a year. In Minnesota that leaves roughly $3,001 a month after tax. See the full paycheck breakdown for $45,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.