Faribault

Population: 24,458
Median household income: $61,662
Median home value: $233,900

Faribault, a community in Rice County, Minnesota, has 24,458 residents. The median household income of $61,662 is below the Rice County median ($82,792).

Between 2019 and 2023, Faribault's population grew 2.8% from 23,800 to 24,458, while its median home value rose 52.4% from $153,500 to $233,900.

62.5% of homes are single-family detached houses. The typical home was built around 1973.

Demographics

ACS 2019–2023

Population: 24,458
Median age: 38.4 yrs
Median household income: $61,662
Median home value: $233,900
Median gross rent: $1,041
Housing units: 9,363
Homeownership rate: 65.4%
Bachelor's degree or higher: 17.5%
Unemployment rate: 5.7%

Trends

ACS 5-year · 2019–2023

Population

23,80024,458

Median household income

$50,702$61,662

Median home value

$153,500$233,900

Median gross rent

$822$1,041

Year	Population	Median household income	Median home value	Median gross rent
2019	23,800	$50,702	$153,500	$822
2020	23,853	$54,832	$169,900	$914
2021	24,310	$55,229	$173,600	$973
2022	24,418	$58,881	$207,200	$1,044
2023	24,458	$61,662	$233,900	$1,041

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.8%

5 to 1717.2%

18 to 248.3%

25 to 3414.2%

35 to 4413.5%

45 to 5411.3%

55 to 6412.5%

65 to 749.9%

75 and over7.3%

	Count	Share
Under 5	1,418	5.8%
5 to 17	4,211	17.2%
18 to 24	2,039	8.3%
25 to 34	3,465	14.2%
35 to 44	3,296	13.5%
45 to 54	2,764	11.3%
55 to 64	3,067	12.5%
65 to 74	2,417	9.9%
75 and over	1,781	7.3%

Race & ethnicity

	Count	Share
White (non-Hispanic)	16,099	65.8%
Black or African American	3,781	15.5%
American Indian & Alaska Native	106	0.4%
Asian	334	1.4%
Native Hawaiian & Pacific Islander	19	0.1%
Some other race	33	0.1%
Two or more races	482	2.0%
Hispanic or Latino (any race)	3,604	14.7%

Educational attainment (age 25+)

No high school diploma11.7%

High school graduate42.8%

Some college or associate's28.0%

Bachelor's degree11.7%

Graduate or professional degree5.8%

	Count	Share
No high school diploma	1,967	11.7%
High school graduate	7,192	42.8%
Some college or associate's	4,697	28.0%
Bachelor's degree	1,962	11.7%
Graduate or professional degree	972	5.8%

Commute to work

Mean travel time to work: 20 min

Drove alone71.6%

Carpooled17.6%

Public transit0.2%

Walked2.3%

Bicycle1.0%

Worked from home5.3%

Other means2.1%

How workers get to work

	Count	Share
Drove alone	7,394	71.6%
Carpooled	1,819	17.6%
Public transit	17	0.2%
Walked	235	2.3%
Bicycle	101	1.0%
Worked from home	551	5.3%
Other means	214	2.1%

Travel time

	Count	Share
Under 15 min	5,427	55.5%
15 to 29 min	2,123	21.7%
30 to 44 min	832	8.5%
45 to 59 min	750	7.7%
60+ min	648	6.6%

Households

Average household size: 2.49
Poverty rate: 15.9% (3,547 of 22,285)

	Count	Share
Family households	5,067	57.3%
Nonfamily households	3,774	42.7%

Housing

Median year structure built: 1973

Occupancy

	Count	Share
Occupied	8,841	94.4%
Vacant	522	5.6%

Tenure (of occupied units)

	Count	Share
Owner-occupied	5,780	65.4%
Renter-occupied	3,061	34.6%

1-unit, detached62.5%

1-unit, attached3.7%

2 to 4 units8.5%

5 to 19 units9.1%

20 or more units11.3%

Mobile home & other4.9%

Units in structure

	Count	Share
1-unit, detached	5,852	62.5%
1-unit, attached	351	3.7%
2 to 4 units	799	8.5%
5 to 19 units	851	9.1%
20 or more units	1,054	11.3%
Mobile home & other	456	4.9%

Geography

Place GEOID: 2720546
Type (LSAD): 25
Land area: 16 sq mi
Water area: 0.28 sq mi
Center point: 44.2997, -93.2789