Baxter, Minnesota (zip code 56425) is a small town located in Crow Wing County. It is home to over 8,000 citizens and is known for its outdoor recreational opportunities. The average two bedroom rent in Baxter is $980, which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Baxter stands at 99 versus 100 in the US. This makes it a great destination for people looking to save money while still enjoying all the necessary amenities that come with living in a small town.
Baxter is home to many local companies including B & M Pole Buildings Inc., Brainerd Home Improvement, Ehrmanns Dairy Products, and Freedom Chevrolet Cadillac. These businesses provide essential services to residents of Baxter and are vital to the success of the community as they provide employment options as well as goods and services that are not easily obtained elsewhere. The town also has several independently owned restaurants which offer unique dining experiences for visitors and locals alike. All these businesses contribute to making Baxter an enjoyable place to live, work, and visit.
Baxter (zip 56425) has an unemployment rate of 6.0%. The US average is 6.0%.
Baxter (zip 56425) has seen the job market decrease by -2.9% 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 (zip 56425)
- The Sales Tax Rate for Baxter (zip 56425) is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Baxter (zip 56425) 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 (zip 56425)
- The average income of a Baxter (zip 56425) resident is $33,076 a year. The US average is $37,638 a year.
- The Median household income of a Baxter (zip 56425) resident is $64,766 a year. The US average is $69,021 a year.