Baxter, IA is a small city located in Central Iowa. The cost of living in Baxter is quite low compared to the US average. Rent for a two-bedroom apartment is $950 compared to the national average of $1,430. Additionally, grocery costs index at 96, where the national average is 100. There are several companies that call Baxter home such as Windstar Lines, JBS USA Meatpacking Co., and Midwest Motor Express Inc., among others. All these factors make Baxter an attractive place to live with its relatively low cost of living and numerous employment opportunities.
Baxter has an unemployment rate of 4.5%. The US average is 6.0%.
Baxter has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Baxter
- The Sales Tax Rate for Baxter is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Baxter is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Baxter
- The average income of a Baxter resident is $24,163 a year. The US average is $28,555 a year.
- The Median household income of a Baxter resident is $51,343 a year. The US average is $69,021 a year.