Faribault, Minnesota has a population of 23,800, with a median household income of $64,200.
Current median income data for Faribault.
23,800
$64,200
4.10%
$285,000
32.40
500.00 Mbps
Faribault is a small local community located in Minnesota. The city has a population that is above the average city population in Minnesota, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.
Faribault is a notable city in Minnesota, offering a mix of population dynamics, economic indicators, and housing trends.
Faribault has a population of 23,800, which is higher than the state average. This indicates a relatively larger urban presence within Minnesota.
The median household income in Faribault is $64,200, which is below the state average, indicating moderate economic conditions.
Housing prices in Faribault average around $285,000, which is relatively high compared to other cities in Minnesota.
The unemployment rate in Faribault is 4.10%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Faribault are higher than the state average, which may be a factor for residents to consider.
Compared to other cities in Minnesota, Faribault shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.
Faribault continues to play a role in shaping regional trends in Minnesota, particularly in terms of economic and demographic factors.
The population of Faribault is approximately 23,800.
Faribault offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.
The median household income in Faribault is around $64,200.
The average housing price in Faribault is approximately $285,000.