Why Move to Faribault, MN?
Faribault, MN, is a picturesque city known for its rich history and vibrant community. With a population of 23,973, the city offers a diverse and welcoming environment for residents of all ages. Faribault boasts a median household income of $54,797 and a homeownership rate of 67.6%, making it an attractive place to settle down.
Neighborhood and Community
Faribault features a mix of residential neighborhoods, each with its own unique charm. The community is tight-knit, with local events and festivals that bring residents together.
Schools and Education
The city is served by the highly-rated Rice School District, providing students with quality education and numerous extracurricular opportunities. The average school rating in Faribault is 77.5, surpassing the national average.
Transportation Access
Faribault offers convenient access to major highways, including Interstate 35, making it easy to travel to nearby cities like Minneapolis-St. Paul.
Housing and Affordability
The median home value in Faribault is $167,320, with a cost of living that is slightly below the national average. Affordable housing options make Faribault an appealing choice for homebuyers.
Cost of Living
Faribault's cost of living index is 104.7, slightly above the national average. However, the city's affordable housing options help balance out overall living expenses.
Crime Rate and Safety
Faribault has a lower crime rate compared to the national average, providing residents with a safe and secure environment to live and raise a family.
Weather and Outdoor Spaces
The city experiences all four seasons, with warm summers and cold winters. Residents enjoy outdoor activities in the numerous parks and recreational areas throughout Faribault.
Work Opportunities
Faribault's key sectors include manufacturing, healthcare, and education, providing residents with diverse employment opportunities. The city's employment rate is 95.3%, reflecting a strong job market.
Food and Entertainment
From local eateries to cultural attractions, Faribault offers a variety of dining and entertainment options for residents to enjoy. The city's vibrant downtown area is a hub for shopping and social gatherings.
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This content was generated by AI and has been reviewed and approved by Movers.com