Baxter is a somewhat small city located in the state of Minnesota. With a population of 8,971 people and two associated neighborhoods, Baxter is the 111th largest community in Minnesota. Baxter has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Baxter, where the median household income is $67,064.00.

Also of interest is that Baxter has more people living here who work in computers and math than 95% of the places in the US.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 10.82% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Baxter is a small city, and as such doesn't have a public transit system that people use to get to and from their jobs every day.

The population of Baxter is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 35.94% of adults in Baxter have a bachelor's degree or even advanced degree.

The per capita income in Baxter in 2022 was $36,141, which is middle income relative to Minnesota, and upper middle income relative to the rest of the US. This equates to an annual income of $144,564 for a family of four. However, Baxter contains both very wealthy and poor people as well.

The people who call Baxter home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Baxter residents report their race to be White, followed by Black or African-American. Important ancestries of people in Baxter include German, Norwegian, Irish, Swedish, and English.

The most common language spoken in Baxter is English. Other important languages spoken here include Polish and Italian.