Pros and Cons of Living In Faribault, Minnesota. Is Faribault, MN a Nice Place To Live or Retire?

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Faribault, Minnesota

Moving to Faribault In Minnesota ? Is Faribault, MN a Nice Place To Live? Pros and Cons of Living in Faribault, Minnesota. Find out the best and worst about to live, raise a family or retire in Faribault.

Faribault ( FAIR-boh) is a city in, and the county seat of, Rice County, Minnesota, United States. The population was 24,453 at the 2020 census. Faribault is approximately 50 miles (80 km) south of Minneapolis–Saint Paul.

Interstate 35 and Minnesota State Highways 3, 21, and 60 are four of Faribault's main routes.

Faribault is situated at the confluence of the Cannon and Straight Rivers in southern Minnesota.

DEMOGRAPHICS

Population
23853
Unemployment
6.7%
43% NAT AVG.
Poverty
16.3%
16% NAT AVG.
Cost Of Living
92
8% NAT AVG.

ECONOMICS

Median Home Cost
$169900
26% NAT AVG.
Median Income
$54832
19% NAT AVG.
Median Rent
$914
21% NAT AVG.
Overall Score
6

CRIME REPORT

Total Crime
526
6% NAT. AVG.
9% STATE AVG.
Violent Crime
61
34% NAT. AVG.
8% STATE AVG.
Property Crime
465
1% NAT. AVG.
9% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 6
Unemployed People
1 in 15
People Earning < $10,000
1 in 15
People Earning < $50,000
45.1%
People With Any Degree
1 in 3.6

ETHNICITY

Ethnicity Faribault USA
White 68.3% 60.1%
African American 13.6% 12.2%
American Indian 0.5% 0.6%
Asian 2.1% 5.6%
Hawaiian 0.1% 0.2%
Multiracial 1.2% 2.8%
Hispanic 14.1% 18.2%
Other 0.1% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Faribault USA
Less than $10,000 6.5% 5.8%
$10,000 to $14,999 4.5% 4.1%
$15,000 to $24,999 9.2% 8.5%
$25,000 to $34,999 10.3% 8.6%
$35,000 to $49,999 14.6% 12.0%
$50,000 to $74,999 17% 17.2%
$75,000 to $99,999 16.3% 12.8%
$100,000 to $149,999 16.6% 15.6%
$150,000 to $199,999 1.6% 7.1%

EDUCATION

Education Faribault USA
< 9th Grade 6% 5.0%
9-12th Grade 9% 7.0%
High School or GED 37% 27.0%
Other College 20% 20.0%
Associate's Degree 9% 9%
Bachelor's Degree 13% 20.0%
Master's Degree 5% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 0% 1.0%
Faribault is a city in Minnesota state in USA with a population of 23853 residents.. The poverty rate of Faribault is 16.3%, which is 16% higher than national average. The typical household in Faribault earns $54832 a year, compared to the national median of $67,500. Nearly 45.1% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Faribault remained 6.7%, which is 43% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in Faribault is 92, which is 8% lower than national average. In Faribault, only 19% of adults have a bachelor's degree and 29% have some college but no degree. Median home value in Faribault is $169900 , which is 26% lower than national average. While median income in Faribault remained $54832, which is 19% lower than national average.
Faribault Scorecard

Jobs60%

Housing80%

Affordability70%

Safety60%

Amenities85%

Diversity85%

Education60%

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