Baxter, MN vs Farmington, MN

Baxter is moderately more affordable than Farmington, with a 11% lower cost of living index. Baxter scores 92 compared to 103 for Farmington, where the US average is 100. This difference means residents of Farmington 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 $1,275/month in Farmington — a 12% difference. Home values follow the same pattern: Baxter is more affordable at $298,400 median vs $345,100.

Median household income in Baxter is $71,272 compared to $118,556 in Farmington (-39.9%). While Farmington 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, more than the 12.9% in Farmington.