Baxter vs Pequot Lakes

A side-by-side comparison of Baxter and Pequot Lakes: population, income, housing, and more.

Baxter and Pequot Lakes are places in Minnesota. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Baxter has the higher population (8,804 vs 2,236 in Pequot Lakes). Baxter has the higher median household income ($71,272 vs $66,974 in Pequot Lakes). Baxter has the higher median home value ($298,400 vs $246,400 in Pequot Lakes).

Population, income & housing

	Baxter	Pequot Lakes
Population	8,804	2,236
Median age	42.9 yrs	43.0 yrs
Median household income	$71,272	$66,974
Median home value	$298,400	$246,400
Median gross rent	$1,123	$792
Housing units	3,921	1,324
Homeownership rate	62.0%	66.8%
Bachelor's degree or higher	37.7%	32.6%
Unemployment rate	2.1%	8.9%

Trends (ACS 5-year, 2019–2023)

	Baxter	Pequot Lakes
Population	8,202 → 8,804 (+7.3%)	2,179 → 2,236 (+2.6%)
Median household income	$71,220 → $71,272 (+0.1%)	$54,583 → $66,974 (+22.7%)
Median home value	$208,500 → $298,400 (+43.1%)	$164,000 → $246,400 (+50.2%)
Median gross rent	$998 → $1,123 (+12.5%)	$672 → $792 (+17.9%)

Baxter

Population

8,2028,804

Median household income

$71,220$71,272

Median home value

$208,500$298,400

Median gross rent

$998$1,123

Pequot Lakes

Population

2,1792,236

Median household income

$54,583$66,974

Median home value

$164,000$246,400

Median gross rent

$672$792

Age & race/ethnicity

Age distribution (share)

	Baxter	Pequot Lakes
Under 5	3.9%	8.7%
5 to 17	17.7%	15.5%
18 to 24	8.7%	6.0%
25 to 34	9.5%	12.7%
35 to 44	12.6%	10.1%
45 to 54	12.3%	8.8%
55 to 64	11.9%	12.4%
65 to 74	12.4%	15.3%
75 and over	11.1%	10.6%

Race & ethnicity (share)

	Baxter	Pequot Lakes
White (non-Hispanic)	95.3%	95.1%
Black or African American	0.1%	0.5%
American Indian & Alaska Native	0.3%	1.3%
Asian	0.6%	0.3%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.0%
Two or more races	0.2%	1.7%
Hispanic or Latino	3.6%	1.1%

Educational attainment (age 25+)

Share of adults 25+

	Baxter	Pequot Lakes
No high school diploma	3.1%	2.6%
High school graduate	20.8%	23.1%
Some college or associate's	38.4%	41.7%
Bachelor's degree	23.2%	23.3%
Graduate or professional degree	14.4%	9.3%

Commute to work

How workers get to work (share)

	Baxter	Pequot Lakes
Drove alone	73.8%	69.9%
Carpooled	8.1%	9.3%
Public transit	0.0%	0.0%
Walked	0.8%	3.3%
Bicycle	0.4%	0.0%
Worked from home	16.6%	17.5%
Other means	0.3%	0.0%

Housing

Units in structure (share)

	Baxter	Pequot Lakes
1-unit, detached	63.0%	69.1%
1-unit, attached	4.7%	4.4%
2 to 4 units	4.9%	1.2%
5 to 19 units	3.7%	3.7%
20 or more units	22.4%	20.7%
Mobile home & other	1.3%	0.9%

Poverty & households

	Baxter	Pequot Lakes
Poverty rate	10.8%	5.5%
Average household size	2.29	2.23
Mean commute (minutes)	20	22
Median year structure built	1999	1993