Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.4 yrs |
|---|---|
| Avg HH Size | 2.51 |
| Below Poverty | 12.3% ▲ 23% above avg |
| College Grads | 31.7% ▼ 18% below avg |
| Unemployment | 4.8% ≈ Avg |
| No HS Diploma | 622 (3.1%) |
| HS Graduate | 7,268 (35.8%) |
| Some College | 3,325 (16.4%) |
| Associates | 2,631 (13%) |
| Bachelors | 2,168 (10.7%) |
| Graduate Degree | 4,271 (21.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $70,296 ▼ 8% below avg |
|---|---|
| Median Home Value | $267,600 ≈ Avg |
| Home/Income Ratio | 3.8x (nat avg ~3.5x) |
| Median Rent | $1,044/mo |
| Total Housing Units | 12,421 |
| Vacant Units | 1,069 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Faribault is a city in Minnesota, located in Rice County. The city spans 1 ZIP code and is home to approximately 30,860 residents. It is a middle-aged city, with a median age of 40.4 years.
Economically, Faribault is a solidly middle-class community. The median household income of $70,296 is near the national average. Approximately 12.3% of residents live below the poverty line. The unemployment rate is 4.8%, near the national average.
The real estate market in Faribault is a mid-range housing market. Median home values stand at $267,600, which is near the national average. Renters typically pay around $1,044 per month. Homeownership is high at 71.4%, typical of suburban and family-oriented communities.
The population of Faribault is moderately educated. 31.7% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (71.44%).
Faribault, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55021 | 30,860 | $70,296 | $267,600 | $1,044 | 4.8% | 31.7% | 71.4% |