Baxter, MN — income, home value, property tax, and sales tax.
In ZIP code 56450, near Baxter, households bring in a median of $61,394 a year, with per-capita income at $35,454. That earnings level shapes how far each dollar stretches: a median home valued at $197,200 carries an effective county property tax of 0.74%, while purchases ring up at a combined 8.38% sales tax. Together these rates carve into what a household can save or spend elsewhere. The gap between total household earnings and per-person income also hints that many homes here hold more than one earner, spreading costs across several paychecks rather than one.
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