Cost of Living in Faribault County, MN
Population 13,914 · Census ACS 2020–2024 5-year estimates
The median rent in Faribault County, MN is $799/month, 38% lower than the Minnesota median and 43% lower than the U.S. median. The median home value is $135,300, 59% lower than the national median. Households earn a median of $66,815 a year, 25% lower than the state median.
Affordability
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Faribault County vs. Minnesota vs. U.S.
| Faribault County | Minnesota | U.S. | |
|---|---|---|---|
| Median rent | $799 | $1,280 | $1,413 |
| Median home value | $135,300 | $329,300 | $332,700 |
| Median household income | $66,815 | $89,062 | $80,734 |
| Homeownership rate | 79.2% | 72.2% | 65.2% |
| Bachelor's degree or higher | 21.8% | 39.4% | 35.7% |
| Poverty rate | 10.4% | 9.3% | 12.5% |
| Unemployment rate | 3.4% | 4.1% | 5.2% |
| Work from home | 8.2% | 17.6% | 15.1% |
| Median age | 44.3 | 38.8 | 38.9 |
FAQ
What is the average rent in Faribault County, MN?
The median gross rent in Faribault County, MN is $799 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Faribault County, MN?
Using the common 30% rule, renting a median-priced home takes about $31,960 a year in gross income.
Is Faribault County, MN expensive to live in?
Rent there is 43% lower than the U.S. median, and the median home costs about 2.0 times the median household income.
Other counties in Minnesota
Counties with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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