Faribault, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Faribault, Minnesota had a total population of 24,631, the 44th largest city in Minnesota, with a median household income of $61,449, which is 31% lower than the state average. The poverty rate is 16.4%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 31% below the state average, indicating significant economic challenges.
Faribault Quick Facts
How Faribault Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 24,458 | 24,631 | +0.7% |
| Median household income | $61,662 | $61,449 | -0.3% |
| Median home value | $233,900 | $241,500 | +3.2% |
How Faribault Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Faribault Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Rice County
Cities Similar to Faribault
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Winona | 26,009 | $56,337 | $201,800 | 36.3% | 23.1% |
| Austin | 26,358 | $68,057 | $163,900 | 23.6% | 12.5% |
| Willmar | 21,378 | $62,280 | $198,400 | 25.3% | 13.1% |
| White Bear Lake | 23,908 | $83,554 | $331,800 | 41.7% | 7.0% |
| West St. Paul | 21,382 | $68,464 | $301,300 | 35.5% | 8.8% |
Population Overview
Faribault is a small city located in Minnesota, within Rice County. The total population is 24,631. It ranks as the 44th most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Faribault is 38.7 years. This is about the same as the state median of 38.8 years.
Economy, Income & Housing
The median household income in Faribault is $61,449. This is 31% lower than the state median of $89,062. It is also 24% lower than the national median of $80,734. The poverty rate stands at 16.4%. This is 77% higher than the state poverty rate of 9.3%. The unemployment rate is 5.4%. This is 34% higher than the state rate of 4.1%. The median home value is $241,500. Housing costs are 27% lower than the state median of $329,300. The home-value-to-income ratio is 3.9x. 66.1% of occupied housing units are owner-occupied. This homeownership rate is 9% lower than the state average of 72.2%.
Race & Ethnicity
The largest racial or ethnic group in Faribault is White (non-Hispanic), making up 65.1% of the population. Black or African American residents account for 16.6%. The Black or African American population is significantly higher than the state average (16.6% vs 7.0%). The Hispanic or Latino population is significantly higher than the state average (13.6% vs 6.4%). The Asian population (1.4%) is well below the state average of 5.1%.
Education
17.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 55% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 87.9%.
Data Sources & Methodology
All demographic data for Faribault, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Faribault, Minnesota?
Faribault, Minnesota has a population of 24,631 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Faribault, MN?
The median household income in Faribault is $61,449, which is 24% lower than the national median of $80,734.
What is the poverty rate in Faribault, MN?
The poverty rate in Faribault is 16.4%. This means approximately 3,689 residents live below the federal poverty line.
What is the racial makeup of Faribault, Minnesota?
Faribault's population is 65.1% White, 16.6% Black, 13.6% Hispanic/Latino, and 1.4% Asian.
What is the median home value in Faribault, MN?
The median home value in Faribault is $241,500. The home-value-to-income ratio is 3.9x.
How educated is Faribault, Minnesota?
17.6% of adults (25+) in Faribault hold a bachelor's degree or higher, and 6.1% hold a graduate or professional degree.