Cost of Living in Baxter, MN

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B+
4%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
12%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Baxter Minnesota National
Cost of living104100100
Groceries100100100
Health care99100100
Housing112100100
Transportation100100100
Utilities106104100
Lifestyle & Entertainment101100100
Household Items102100100
Education & Childcare9999100
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Homes For Sale In Baxter, MN

property for sale

6083 Knollwood Ct

Baxter, MN
property for sale

Paris Rd

Baxter, MN
property for sale

620 Buffalo Hills Ln W

Brainerd, MN
property for sale

13278 Knollwood Dr

Baxter, MN
See the Newest Homes For Sale In Baxter, MN

Cost Of Living Quick Facts

  • The cost of living in Baxter is 4% higher than the Minnesota average
  • The cost of living in Baxter is 4% higher than the national average
  • Baxter housing is 12% higher than the national average
  • Minnesota general sales tax is 35% higher than the national average
  • Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around Baxter

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Compare Baxter, MN Cost of Living

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$131,637$10,970$3,071$3,950
      Renters$60,235$5,020$1,405$1,807
      The affordability of the housing market in Baxter, MN as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Baxter homeowners, the median income is $131,637. This indicates that a monthly maximum of $3,071 should be spent by homeowners on all housing related costs. Renters have a median income of $60,235. This indicates that renters would have a maximum of $1,405 for their rent related monthly costs.

      Minnesota Sales Tax

      State General Sales Tax With Max Surtax
      Minnesota 6.875% 7.875%

      Minnesota Income Tax

      State Income Tax (Low) Income Tax (High)
      Minnesota 5.35% 9.85%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Trommald, MN968613.8%
      Ironton, MN5238811.6%
      Riverton, MN2118911.0%
      Brainerd, MN13,746928.3%
      Pillager, MN392937.5%
      Baxter, MN8,5181044.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Roxboro, NC8,5178911.5%
      Plympton-Wyoming, ON8,517n/a 
      Dry Run, OH8,51411818.3%
      Spotswood, NJ8,51212121.1%
      Four Corners, MD8,52415353.1%
      Baxter, MN8,5181044.0%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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