The City of Faribault had a population of 24,765 as of July 1, 2020. Faribault ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.
The primary coordinate point for Faribault is located at latitude 44.295 and longitude -93.2688 in Rice County. The formal boundaries for the City of Faribault encompass a land area of 15.29 sq. miles and a water area of 0.26 sq. miles. Rice County is in the Central time zone (GMT -6). The elevation is 994 feet.
The City of Faribault (GNIS ID: 2394742) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
Alternate Unofficial Names for Faribault: City of Faribault, Fairbault.
|Total Population||24,765 (100%)|
|Population in Households||22,190 (89.6%)|
|Population in Families||17,135 (69.2%)|
|Population in Group Quarters1||2,575 (10.4%)|
|Median Household Income||$49,190|
|Average Household Income||$65,731|
|% of Income for Mortgage4||13%|
|Per Capita Income||$23,783|
|Total HU (Housing Units)||9,532 (100%)|
|Owner Occupied HU||5,754 (60.4%)|
|Renter Occupied HU||3,136 (32.9%)|
|Vacant Housing Units||641 ( 6.7%)|
|Median Home Value||$150,759|
|Average Home Value||$169,621|
|Housing Affordability Index3||182|
|Average Household Size||2.5|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||0.71%|
|Per Capita Income||1.25%|
|Owner Occupied HU||0.85%|
The table below compares Faribault to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 46||95th|
|Population Density||# 121||87th|
|Median Household Income||# 737||18th|
|Housing Affordability Index||# 412||46th|
|Per Capita Income||# 821||9th|
|Diversity Index||# 50||95th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.