Faribault, MN

Full City Profile · Minnesota · Rice County County

2.8 /5.0
C+ Fair
24,458 Population 1,557/sq mi density
$61,662 Median Income $32,009 per capita
$233,900 Home Value $305,393 Zillow
$1,041 Median Rent 32.4% income on rent
45°F Avg Temperature
308 Violent Crime/100K 1,137 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$61,662 median income, 5.7% unemployment
A+
Affordability
4.5 / 5.0
$233,900 home value, $1,041/mo rent
F
Safety
1.0 / 5.0
308 violent crimes/100K
C
Education
2.4 / 5.0
17.5% bachelor's degree or higher

Faribault, MN

At a Glance

Median Income
$61,662
18% below
$32,009 per capita
Home Value
$233,900
17% below
Zillow: $305,393
Median Rent
$1,041/mo
10% below
32.4% of income on rent
Violent Crime
308/100K
19% below
1,137/100K property
Bachelor's Degree+
17.5%
48% below
88.3% high school+
Unemployment
5.7%
58% above
11.1% poverty rate
Obesity Rate
42.7%
33% above
19.3% smoking rate
Avg Temperature
45°F

How Faribault Compares to the U.S. Average

Each bar shows Faribault's value as a percentage of the national average (100% = U.S. avg)

Income
82%
Home Value
83%
Rent
90%
Poverty
90%
Bachelor's
52%
Unemployment
158%
Crime
81%
Thin vertical line = U.S. national average (100%)

Is Faribault a Good Place to Live?

C+
2.8 / 5.0 - Fair
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Faribault residents earn a median household income of $61,662 , which is 18% below the national average of $75,149. Per capita income is $32,009. The unemployment rate stands at 5.7% (58% above the U.S. rate of 3.6%). 11.1% of residents live below the poverty line. The area is home to 1,786 business establishments, including 136 restaurants.

Housing & Cost of Living

The median home value in Faribault is $233,900 , 17% below the national median of $281,900. Zillow estimates the typical home at $305,393. Median rent is $1,041/month, with 32.4% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1973.

Safety & Crime

Faribault reports 308 violent crimes per 100,000 residents , which is 19% below the national average of 380/100K. Property crime is 1,137/100K.

Education

17.5% of adults in Faribault hold a bachelor's degree or higher (48% below the national average). 88.3% have completed high school. Local schools score 6.0/10 in standardized testing.

Climate & Weather

Faribault has an average annual temperature of 45°F (7°C). Winters average 14°F in January while summers reach 71°F in July. Annual precipitation totals 35.5 inches.

Data Overview

People

Population24,458
Median Age38.4 yrs
Density1,557/mi²
Male / Female54% / 46%
Foreign Born14.1%
Veterans7.7%

Economy

B
Median Income$61,662
Per Capita$32,009
Unemployment5.7%
Poverty11.1%
County GDP$4,083M
Avg Weekly Wage$1,165

Housing

A+
Home Value$233,900
Rent$1,041
Ownership65.4%
Zillow$305,393
Housing Units9,294
Rent Burden32.4%

Crime

F
Violent308/100K
Property1,137/100K

Health

Obesity42.7%
Diabetes11.7%
Smoking19.3%
Heart Disease6.4%
Premature Death5,294/100K

Climate

Avg Temp45°F
Rain35.5 in/yr
Elevation975 ft

Education

C
Bachelor's+17.5%
High School+88.3%
Graduate+5.3%
School Score6.0/10

Community

2024 VoteR 50% / D 48%
Commute20 min
Broadband90.7%
Internet Speed155 Mbps
EV Stations8
Libraries3

Did You Know?

Faribault was founded in 1855.
The median home in Faribault was built in 1973.
The nearest airport is Owatonna Degner Regional (12 miles).
The Gini coefficient (income inequality) is 0.433 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
13.2% of the population has a disability.
14.1% of residents are foreign-born.
Average internet download speed is 155 Mbps.
There are 136 restaurants in the area.
The county recorded 4 fatal vehicle crashes.