Median Household Income
$61,449 ± $3,728
Median Home Value
$241,500 ± $11,643
Median Gross Rent
$1,074 ± $100/mo
Per Capita Income
$33,225
Poverty Rate
16.4%
Unemployment Rate
5.4%
Homeownership Rate
66.1%
Bachelor's Degree or Higher
17.6%
Median Age
38.7
Average Commute
18 min
Households
8,938
Veterans
1,294
Population Over Time
Faribault grew 5.0% from 2014 to 2024.
2014
23,460
2016
23,530
2018
23,711
2020
23,853
2022
24,418
2024
24,631
Population by Race & Ethnicity
White
66.8%
Hispanic or Latino
13.6%
Black or African American
16.6%
Asian
1.4%
Nearby Cities in Minnesota
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.