Faribault city, Minnesota Demographics & Population 2026
As of 2026, Faribault city, Minnesota has a total population of 24,458, the 44th largest city in Minnesota, with a median household income of $61,662, which is 30% lower than the state average. The poverty rate is 15.9%.
Faribault city Quick Facts
How Faribault city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Faribault city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Rice County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Northfield city | 20,678 | $92,000 | 7.2% | $305,300 |
| Lonsdale city | 4,789 | $91,719 | 1.4% | $327,100 |
| Dundas city | 1,882 | $111,250 | 2.4% | $293,400 |
| Morristown city | 982 | $74,479 | 10.7% | $175,600 |
| Dennison city | 214 | $51,250 | 3.7% | $215,600 |
| Nerstrand city | 210 | $83,125 | 9.5% | $194,000 |
Cities Similar to Faribault city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Austin city | 26,167 | $66,488 | $155,100 | 23.2% | 14.8% |
| Winona city | 25,998 | $56,163 | $193,500 | 34.8% | 20.8% |
| White Bear Lake city | 24,026 | $79,712 | $318,000 | 40.1% | 7.8% |
| Willmar city | 21,136 | $63,368 | $186,000 | 24.5% | 15.2% |
| Columbia Heights city | 22,016 | $74,688 | $259,900 | 32.9% | 14.4% |
Population Overview
Faribault city is a small city located in Minnesota, within Rice County. The total population is 24,458. It ranks as the 44th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Faribault city is 38.4 years. This is about average than the state median of 38.6 years.
Economy, Income & Housing
The median household income in Faribault city is $61,662. This is 30% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 21% lower. The poverty rate stands at 15.9%. This is 73% higher than the state poverty rate of 9.2%. The unemployment rate is 5.7%. This is 46% higher than the state rate of 3.9%. The median home value is $233,900. Housing costs are 23% lower than the state median of $305,500. The home-value-to-income ratio is 3.8x. 65.4% of occupied housing units are owner-occupied. This homeownership rate is 10% lower than the state average of 72.4%.
Race & Ethnicity
The largest racial or ethnic group in Faribault city is White (non-Hispanic), making up 65.8% of the population. Black or African American residents account for 15.5%. The Black or African American population is significantly higher than the state average (15.5% vs 6.7%). The Hispanic or Latino population is significantly higher than the state average (14.7% vs 6.2%). The Asian population (1.4%) is well below the state average of 5.0%.
Education
17.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 55% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.3%.
Data Sources & Methodology
All demographic data for Faribault city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Faribault city, Minnesota?
Faribault city, Minnesota has a population of 24,458 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Faribault city, MN?
The median household income in Faribault city is $61,662, which is 21% lower the national median of $78,538.
What is the poverty rate in Faribault city, MN?
The poverty rate in Faribault city is 15.9%. This means approximately 3,547 residents live below the federal poverty line.
What is the racial makeup of Faribault city, Minnesota?
Faribault city's population is 65.8% White, 15.5% Black, 14.7% Hispanic/Latino, and 1.4% Asian.
What is the median home value in Faribault city, MN?
The median home value in Faribault city is $233,900. The home-value-to-income ratio is 3.8x.
How educated is Faribault city, Minnesota?
17.5% of adults (25+) in Faribault city hold a bachelor's degree or higher, and 5.8% hold a graduate or professional degree.