Median Age
39 Years
Largest Age Group
35-44 Years
Approximately 15% of Residents
Under 20
25%
Over 65
18%
Avg Rent
$1,105
Population
24,725
Renter Mix
34% Rent
Located about 50 miles south of Minneapolis and Saint Paul, Faribault sits at the confluence of the Straight and Cannon Rivers surrounded in lush lake country. Faribault is proud of its historical roots, containing the second largest number of buildings on the National Historic Register in Minnesota, right after Saint Paul. Classic brick buildings contribute an old-world charm to Faribault while housing a wide variety of restaurants, breweries, shops, and entertainment venues.
Recreation is available year round in Faribault, with 39 parks, an outdoor aquatic center, and miles of bike trails in town. Ten lakes sit within ten miles of Faribault as well. Popular activities in and around Faribault include hiking, biking, kayaking, cross-country skiing, snowmobiling, and much more. Situated within an hour’s drive to the Twin Cities, Faribault enjoys the comforts of small town Minnesota with access to the many luxuries of a major metropolitan area. Access to I-35 makes getting around from Faribault simple.
Median Household Income
$56,035
Average: $71,410
Education
3,556
Residents Have a Degree
Job Market
10,648
Workers Employed
Median Age
39 Years
Largest Age Group
35-44 Years
Approximately 15% of Residents
Under 20
25%
Over 65
18%
Housing Distribution
Faribault has more homeowners than renters.
Education Distribution
Review this city's overall education levels.
As of April 2026, the average apartment rent in Faribault, MN is $1,025 for a studio, $1,101 for one bedroom, $1,307 for two bedrooms, and $1,513 for three bedrooms. Apartment rent in Faribault has increased by 3.1% in the past year.
Explore how walkable, bikeable, drivable, and transit-friendly Faribault, MN is for everyday living.
Somewhat Walkable
Walkability
Exceptionally Drivable
Drivability
Fairly Bikeable
Bikeability
Public
Grades PK-5
425 Students
Public
Grades K-5
445 Students
Public
Grades PK-5
458 Students
Public
Grades PK-12
43 Students
Public
Grades 4-12
9 Students
Public
Grades 6-8
717 Students
Public
Grades PK-12
43 Students
Falcons Online Academy-Middle School
Public
Grades 6-8
18 Students
Public
Grades 4-12
9 Students
Public
Grades PK-12
7 Students
Public
Grades 9-12
981 Students
Public
Grades 9-12
50 Students
Public
Grades PK-12
43 Students
Public
Grades 4-12
9 Students
Public
Grades PK-12
7 Students
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© 2026. All rights reserved.
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.