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The total population of Baxter is estimated to be 1,477 with 748 males (50.64%) and 729 females (49.36%). There are 19 less females than males in Baxter.
The median household income in Baxter was $50,603 in 2021, which marked an an increase of 1,972(4.06%) from $48,631 in 2020. This income is 67.83% 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 $58,234. Overall, the median household income for the town of Baxter stands at $50,603.
In Baxter, the median income for all workers aged 15 years and older, regardless of work hours, was $32,627 for males and $21,193 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,778 for males and $48,561 for females.
In Baxter, population is primarily represented by White households, reporting a median income of $50,646.
In 2022, the population of Baxter was 1,836, a 13.05% increase year-by-year from 2021. Previously, in 2021, Baxter's population was 1,624, an increase of 2.46% compared to a population of 1,585 in 2020.
The median age in Baxter, TN is 36.8, as per 2021 ACS 5-Year Estimates. Of the total population, 19.21% were under the age of 15, 21.49% aged 15 to 29, 39.10% aged 30 to 64, 17.99% aged 65 to 84, and 2.21% were 85 years of age and older.
Racial distribution of Baxter population: 96.44% are White, 1.04% are Black or African American, 0.06% are Asian and 2.46% are multiracial.