Baxter, MN is a great place to live! The town offers an affordable cost of living with 2 bedroom rent averaging $980 compared to the national average of $1,430. Grocery prices are also quite reasonable in the area, with an index rating of 99 compared to 100 nationally. Baxter is home to a number of local businesses including Baxter Brewing Co., Pinnacle Office Solutions, and Country Woods Inn. It's also the perfect location for outdoor enthusiasts as it's surrounded by nature reserves, lakes, and trails. There are a number of helpful community resources such as the local library, senior center, and Chamber of Commerce which offer excellent help and support for residents.
Baxter has an unemployment rate of 6.0%. The US average is 6.0%.
Baxter has seen the job market increase by 5.1% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.
Tax Rates for Baxter
- The Sales Tax Rate for Baxter is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Baxter is 7.1%. 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 $32,912 a year. The US average is $37,638 a year.
- The Median household income of a Baxter resident is $64,635 a year. The US average is $69,021 a year.