Baxter, MN vs Faribault, MN

Faribault is moderately more affordable than Baxter, with a 9.2% lower cost of living index. Baxter scores 92 compared to 84 for Faribault, where the US average is 100. This difference means residents of Baxter can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Baxter is $1,123/month compared to $1,041/month in Faribault — a 8% difference. Home values follow the same pattern: Faribault is more affordable at $233,900 median vs $298,400.

Median household income in Baxter is $71,272 compared to $61,662 in Faribault (+15.6%). While Baxter is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Baxter spend roughly 18.9% of their income on rent, less than the 20.3% in Faribault.