All Countries
Faribault, MN
Full City Profile · Minnesota · Rice County County
2.9
/5.0
C+
Fair
24,458
Population
1,557/sq mi density
$61,662
Median Income
$32,009 per capita
$233,900
Home Value
$293,770 Zillow
$1,041
Median Rent
32.4% income on rent
45°F
Avg Temperature
270 sunny days/yr
255
Violent Crime/100K
1,965 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$61,662 median income, 3.3% unemployment
A+
Affordability
4.5 / 5.0
$233,900 home value, $1,041/mo rent
F
Safety
1.0 / 5.0
255 violent crimes/100K
C
Education
2.4 / 5.0
17.5% bachelor's degree or higher
Change Over Time (2013–2023)
Population Change
+5.9%
23,416 → 24,808
over 10 years
Annual Pop. Growth
+0.58%
Compound annual growth rate
Median Income Change
+27.2%
$48,467 → $61,662
nominal, not inflation-adjusted
Annual Income Growth
+2.44%
Compound annual growth rate
Population Over Time
Total population for Faribault across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2013–2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts — real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
25,833
+1,025 from 2023 (24,808)
Projected Median Income 2030
$72,997
+$11,335 from 2023 ($61,662)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 23,416 | — | $48,467 | — |
| 2015 | 23,631 | +0.9% | $48,220 | -0.5% |
| 2017 | 23,822 | +0.8% | $50,147 | +4% |
| 2019 | 23,912 | +0.4% | $50,702 | +1.1% |
| 2021 | 24,420 | +2.1% | $55,229 | +8.9% |
| 2023 | 24,808 | +1.6% | $61,662 | +11.6% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.