Last updated: 2024 BLS data · Page refreshed:
Faribault has a population of 24,631 with a median age of 38.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 24,631 |
| Median Age | 38.7 |
| White | 66.8% |
| Black or African American | 16.6% |
| Asian | 1.4% |
| Hispanic or Latino | 13.6% |
| Other / Two or More Races | 1.6% |
The median household income in Faribault is $61,449, which is 23.8% below the national median of $80,610. The per capita income is $33,225. The poverty rate is 16.4%.
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In Faribault, 87.9% of residents age 25+ have a high school diploma or higher, and 17.6% hold a bachelor's degree or higher (6.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 87.9% |
| Bachelor's Degree or Higher | 17.6% |
| Graduate or Professional Degree | 6.1% |
The median home value in Faribault is $241,500, below the national median of $303,400. The median monthly rent is $1,074. The homeownership rate is 66.1%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $241,500 |
| Median Monthly Rent | $1,074 |
| Homeownership Rate | 66.1% |
| Vacancy Rate | 4.3% |
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