Faribault, MN Profile: Facts & Data


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Faribault, Minnesota - Basic Facts

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The City of Faribault had a population of 24,746 as of July 1, 2021. 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 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.

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  1. Faribault 2021 Demographic Data
  2. Growth Rates for Faribault (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2021 Demographics

Faribault, MN Data & Demographics (As of July 1, 2021)


Total Population 24,746 (100%)
Population in Households 22,171 (89.6%)
Population in Families 17,093 (69.1%)
Population in Group Quarters1 2,575 (10.4%)
Population Density 1,631
Diversity Index2 58


Median Household Income $56,910
Average Household Income $68,577
% of Income for Mortgage4 13%
Per Capita Income $24,835
Wealth Index5 59


Total HU (Housing Units) 9,551 (100%)
Owner Occupied HU 5,941 (62.2%)
Renter Occupied HU 2,954 (30.9%)
Vacant Housing Units 656 ( 6.9%)
Median Home Value $178,170
Average Home Value $194,656
Housing Affordability Index3 177


Total Households 8,895
Average Household Size 2.49
Family Households 5,475
Average Family Size 3
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.


2010-2021 2021-2026
Population 0.52% 0.46%
Households 0.6% 0.55%
Families 0.45% 0.44%
Median Household Income   1.58%
Per Capita Income   1.9%
Owner Occupied HU   1.1%

Faribault, MN - Peer Comparisons by Rank and Percentile

The table below compares Faribault to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2021 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.

Variable Description Rank Percentile
Total Population # 45 95th
Population Density # 121 87th
Median Household Income # 597 34th
Housing Affordability Index # 447 50th
Per Capita Income # 818 10th
Diversity Index # 41 96th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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