Faribault is a city in Minnesota state in USA with a population of 23853 residents.. The poverty rate of Faribault is 16.3%, which is 16% higher than national average. The typical household in Faribault earns $54832 a year, compared to the national median of $67,500. Nearly 45.1% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Faribault, only 85% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Faribault remained 6.7%, which is 43% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Faribault, only 19% of adults have a bachelor's degree and 29% have some college but no degree.

Cost of living in Faribault is 92, which is 8% lower than national average. Median home value in Faribault is $169900 , which is 26% lower than national average. While median income in Faribault remained $54832, which is 19% lower than national average.