What is the population of Baxter city?

Baxter city has 8,804 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #111 of 914 in Minnesota.

What is the median household income in Baxter city?

Median household income in Baxter city is $71,272 a year, 9.3% below the national figure of $78,538.

How much does it cost to rent or buy in Baxter city?

Median gross rent is $1,123 a month and the median home value is $298,400, so rent absorbs about 18.9% of median household income.

Is Baxter city affordable compared with the rest of the US?

Homes cost about 4.2× the local median income here versus roughly 3.9× nationally, so Baxter city is less affordable to buy in than the typical US market, and rent takes 18.9% of median income against the 30% cost-burden line.

Aerial view of a dense city center, illustrating the US cities ZIP code directory

Minnesota · Census place 04042

Baxter, MN population, income and ZIP codes

Quick answer

The population of the city of Baxter, Minnesota (Baxter, MN — Census place “Baxter city”) is 8,804 residents, ranking #111 of 914 places in Minnesota. Median household income is $71,272, the median home is worth $298,400 and median gross rent runs $1,123 a month. Looking for the Baxter Minnesota ZIP code list? 1 ZIP codes serve Baxter, MN: 56425.

Population: 8,804Baxter city residents
Median household income: $71,272Past 12 months, inflation adjusted
Median home value: $298,400Owner-occupied units
Median gross rent: $1,123Rent plus utilities, monthly
Median age: 42.9 yrsAll residents
Homeownership rate: 62%Owner-occupied households

Baxter ZIP codes (Minnesota)

Census ZCTAs whose delivery area overlaps Baxter.

The Baxter MN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

56425

What the numbers mean in Baxter city

Housing cost measured against local earnings.

A household earning the Baxter city median would spend about 18.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 10.8% of residents and 62% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Baxter city, MN in context

How this area compares with national benchmarks.

Baxter city is a mid-size town in Minnesota, with 8,804 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #111 of 914 ranked by population — larger than 87% of them. The median age here is 42.9 years against 39.1 nationally, a slightly older profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Baxter city earn a median of $71,272 a year, 9.3% below the national figure of $78,538 and 6% below the $75,469 median for the 361 Minnesota cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 10.8% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Baxter city is valued at $298,400, 1.6% below the national figure and 24% above the $240,400 peer median, while median gross rent runs $1,123 a month, 20.1% below the national figure, or roughly $13,476 across a full year. A household on the local median income would put about 18.9% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 4.2×, against roughly 3.9× nationally, so buying is harder here than in the average US market. 62% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

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Frequently asked questions

Common questions about this area.

What is the population of Baxter city?: Baxter city has 8,804 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #111 of 914 in Minnesota.
What is the median household income in Baxter city?: Median household income in Baxter city is $71,272 a year, 9.3% below the national figure of $78,538.
How much does it cost to rent or buy in Baxter city?: Median gross rent is $1,123 a month and the median home value is $298,400, so rent absorbs about 18.9% of median household income.
Is Baxter city affordable compared with the rest of the US?: Homes cost about 4.2× the local median income here versus roughly 3.9× nationally, so Baxter city is less affordable to buy in than the typical US market, and rent takes 18.9% of median income against the 30% cost-burden line.
How current is this Baxter city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.