Housing costs in Baxter?
A typical home costs
$298,100, which is 11.8% less expensive than the national average of
$338,100 and 3.7% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Baxter costs
$980 per month, which is 21.0% cheaper than the national average of
$1,240 and 2.0% more than the state average of
$960.
Can I afford Baxter?
To live comfortably in Baxter (zip 56425), Minnesota, a minimum annual income of
$57,240 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Baxter?
The cost of living in 56425 Baxter, MN is relatively affordable compared to other parts of the state. The median home value in the area is around $213,000 and the median rent for a two-bedroom apartment is approximately $1,092 per month. The local unemployment rate sits at just over three percent and the average household income is around $60,660 annually. In addition to being affordable, residents also enjoy access to quality education through Brainerd Public Schools and numerous parks and recreation facilities. Overall, Baxter offers an excellent quality of life with a reasonable cost of living.