Faribault, MN
Population 24,458 · Minnesota
About Faribault, MN
Faribault is a mid-sized city in Minnesota with a population of 24,458 residents. The median household income is $61,662 per year, which is near the national average. The median age in Faribault is 38.4 years.
Housing in Faribault has a median home value of $233,900 and median monthly rent of $1,041. Of the 9,363 total housing units, the majority are owner-occupied, with 5,780 owner-occupied and 3,061 renter-occupied units.
The unemployment rate in Faribault is 5.7% and the poverty rate is 15.9%. 17.5% of residents hold a bachelor's degree or higher. The average commute time is 19.7 minutes.
How Faribault Ranks in Minnesota
Cost of Living in Faribault, MN
Compared to national averages, Faribault has a median household income of $61,662 (18% below the national median of $75,149). Home values average $233,900, which is 4% below the national median. Monthly rent at $1,041 is 10% below the US average of $1,163. Within Minnesota, Faribault's income is 17% below the state average of $74,221, and home values are 14% above the state median of $204,472.
Why Live in Faribault, MN?
Faribault offers affordable housing with a median home value of $233,900, below the US average of $244,900, and rent that’s lower than the national average at $1,041/month, and short commute times averaging just 19.7 minutes.
Potential considerations include median household income ($61,662) that falls below the national average. However, Faribault’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Faribault has a population of 24,458 with a median age of 38.4 years. Compare Faribault with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Faribault
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| White Bear Lake | 24,026 | $79,712 | $318,000 | Compare |
| Farmington | 23,675 | $118,556 | $345,100 | Compare |
| Champlin | 23,450 | $115,719 | $338,400 | Compare |
| Winona | 25,998 | $56,163 | $193,500 | Compare |
| Chanhassen | 26,001 | $138,034 | $530,700 | Compare |
| New Brighton | 22,900 | $87,272 | $345,900 | Compare |
| Austin | 26,167 | $66,488 | $155,100 | Compare |
| Crystal | 22,685 | $86,752 | $280,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Faribault
What is the population of Faribault, MN?
The population of Faribault, MN is 24,458 according to the latest Census data.
What is the median household income in Faribault?
The median household income in Faribault, MN is $61,662 per year.
What is the median home value in Faribault?
The median home value in Faribault, MN is $233,900.
What is the average rent in Faribault?
The median monthly rent in Faribault, MN is $1,041.
What is the unemployment rate in Faribault?
The unemployment rate in Faribault, MN is 5.7%.