Faribault vs Minneapolis
| Faribault | Minneapolis | |
|---|---|---|
| Population | 24,418 | 426,877 |
| Median Household Income | $61,449 | $80,846 |
| Median Home Value | $241,500 | $362,200 |
| Median Gross Rent | $1,074/mo | $1,371/mo |
| Homeownership Rate | 66.1% | 47.7% |
| Unemployment Rate | 5.4% | 5.9% |
| Bachelor's Degree or Higher | 17.6% | 55.5% |
| Median Age | 38.7 | 33.4 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.