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Faribault, MN
Considering a move to Faribault, MN? This friendly city of 24,453 residents offers affordable living with median home prices around $240,000 and average rents near $1,050. Commutes are quick at just 19 minutes on average, and residents benefit from solid educational options and a close-knit community feel. While violent crime rates remain below national averages, Faribault features a vibrant cultural mix, seasonal weather with 56% sunny days, and easy access to local healthcare and outdoor recreation.
Faribault is home to about 24,500 residents, offering a balanced blend of ages with a median age of 36.4 years and a nearly equal gender ratio. The community is primarily White, with notable Black, Asian, and other minority populations, and over 12% of residents speak a language other than English at home. This diverse makeup contributes to a welcoming and inclusive atmosphere for newcomers.
Faribault offers an affordable cost of living, with a median home value of $240,000 and average rent around $1,050. The city's cost of living index is below the national average at 91.6, making it an attractive option for families and individuals seeking value. Utility, transportation, and grocery costs are also reasonable, helping residents stretch their budgets further.
Faribault enjoys relatively low crime rates, with a violent crime rate of 211 per 100,000 residents—well below national averages. Property crime is more common, with a 1 in 46 chance, but overall, the city remains a safe place to live. Residents benefit from a strong community focus on safety and well-being.
Residents of Faribault experience four distinct seasons, from cold winters averaging 7°F to 25°F, to warm summers reaching up to 82°F. The city enjoys about 56% sunny days annually and receives roughly 32 inches of rainfall each year. This climate supports a variety of outdoor activities year-round.
Faribault's households earn a median income of $59,814, with a family income of $72,600 and a poverty rate of 11.1%. The community is well-educated, with over 86% holding at least a high school diploma, and average commutes are a short 19 minutes. Low unemployment and affordable rent contribute to a stable and welcoming neighborhood environment.
Faribault offers diverse educational opportunities, including public schools like Faribault High School and Jefferson Elementary, as well as private options such as Bethlehem Academy. Local higher education is anchored by South Central College, with additional colleges nearby, supporting lifelong learning. Schools in the area provide supportive environments with reasonable student-to-teacher ratios and community involvement.
Faribault is served by Allina Health Faribault Medical Center, a full-service hospital with emergency care, and maintains 1.9 physicians per 1,000 residents. Over 92% of the population has health insurance, ensuring access to quality healthcare. The city's healthcare index reflects reliable services for families and individuals alike.
The housing market in Faribault is accessible, with a median home price of $240,000 and strong owner occupancy at 63%. Home values have appreciated by nearly 5% over the past year, and rental options are available with an average two-bedroom rent of $1,050. Low foreclosure and vacancy rates indicate a healthy and stable housing environment.
Residents can access driver and vehicle services at the Minnesota Driver and Vehicle Services office located on W Division St in Faribault. The local DMV provides convenient support for licensing, registration, and other vehicle needs. Helpful staff and accessible online resources make managing transportation requirements straightforward.
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.
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