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The total population of Baxter is estimated to be 8,668 with 4,147 males (47.84%) and 4,521 females (52.16%). There are 374 more females than males in Baxter.
The median household income in Baxter was $69,865 in 2021, which marked an a decrease of 9,143(11.57%) from $79,008 in 2020. This income is 93.65% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Baxter sees its highest median household income among householders in the age group of 25 to 44 years old, at $86,448. Overall, the median household income for the city of Baxter stands at $69,865.
In Baxter, the median income for all workers aged 15 years and older, regardless of work hours, was $45,515 for males and $31,065 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $57,498 for males and $53,802 for females.
In Baxter, population is primarily represented by White households, reporting a median income of $69,780.
In 2022, the population of Baxter was 8,971, a 1.54% increase year-by-year from 2021. Previously, in 2021, Baxter's population was 8,835, an increase of 2.27% compared to a population of 8,639 in 2020.
The median age in Baxter, MN is 42.6, as per 2021 ACS 5-Year Estimates. Of the total population, 18.95% were under the age of 15, 17.09% aged 15 to 29, 42.35% aged 30 to 64, 16.55% aged 65 to 84, and 5.07% were 85 years of age and older.
Racial distribution of Baxter population: 96.36% are White, 0.97% are Black or African American, 0.46% are American Indian and Alaska Native, 0.21% are Asian, 0.21% are some other race and 1.79% are multiracial.