Faribault County, Minnesota

Income Data

-15% vs. Minnesota average
$64,391
Median Household Income
$36,782
Per Capita Income

At a Glance

Median Household Income
$64,391
-15% vs. state avg
Per Capita Income
$36,782
-7% vs. national
Income-to-Housing Ratio
53.6%
income as % of home value
Rank in Minnesota
#81 / 87
by median household income

How Faribault County Compares

Faribault County$64,391
Minnesota Average$75,757
National Median$74,755

Detailed Income Statistics

$64,391
Median Household Income
$36,782
Per Capita Income
$120,200
Median Home Value
53.6%
Income-to-Housing Ratio

Data Story

About Household Income in Faribault County, Minnesota

Faribault lags U.S. income average

Faribault County's median household income of $64,391 falls 13.9% below the national median of $74,755, placing it among lower-income counties nationally. The county's agricultural focus and smaller employment base contribute to this gap.

Below Minnesota's statewide performance

At $64,391, Faribault ranks notably below Minnesota's state average of $75,757, a gap of $11,366 per household. Per capita income of $36,782 also falls short of the state average of $39,335.

Among lowest income in region

Faribault's $64,391 median income ranks among the lowest in this analysis, below Cottonwood ($68,239) and Freeborn ($69,012). Limited industry diversification constrains wage growth relative to more economically robust neighboring counties.

Affordable housing helps stretch income

Faribault's rent-to-income ratio of 15.6% reflects moderately tight housing costs, though still manageable given limited income. The median home value of just $120,200 ranks among the region's most affordable, offering strong property value for budget-conscious families.

Start small, build consistent savings

Faribault's lower income requires intentional financial planning, but affordable housing creates opportunities to direct resources toward savings and investments. Begin with modest emergency funds, explore employer retirement programs, and consider side income opportunities to accelerate wealth growth.

Frequently Asked Questions

What is the median household income in Faribault County, Minnesota?
The median household income in Faribault County, Minnesota is $64,391, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Faribault County?
The per capita income in Faribault County is $36,782, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $64,391.
How does Faribault County compare to the Minnesota average?
Faribault County's median household income of $64,391 is lower than the Minnesota state average of $75,757. The per capita income is $36,782, compared to the state average of $39,335.
What is the per capita income in Faribault County, Minnesota?
The per capita income in Faribault County, Minnesota is $36,782, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Is Faribault County a low-income area in Minnesota?
Faribault County's median household income of $64,391 is below the Minnesota average of $75,757. The per capita income of $36,782 is also lower than the state average of $39,335. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Faribault County rank for income in Minnesota?
Faribault County ranks #81 out of 87 counties in Minnesota by median household income (1 = highest). With a median household income of $64,391 and per capita income of $36,782, it falls in the bottom third of counties statewide.

Income Comparison Calculator

See how your household income compares in Faribault County

$
1.00x

Your income is above the Faribault County median

County median: $64,391 per year

vs. County Median

+0%

vs. State Average

-15%

vs. National Median

-14%

vs. Faribault County MedianAbout equal
vs. Minnesota Average15% below
vs. National Median14% below

Income Adequacy

Monthly income covers median rent6.4x

Your monthly income ($5,366) vs. median rent ($837/mo). A ratio of 3.3x or higher means rent is under 30% of income.

Sponsored

Grow Your Wealth

See how your income stacks up in Faribault County, Minnesota? Start investing smarter with a robo-advisor that builds a diversified portfolio for you.

Start Investing

Counties with Similar Income Levels

Sponsored

Compare Financial Products in Minnesota

Compare savings accounts, CDs, and money market rates from top banks to make the most of your earnings.

Compare Rates

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.