Download
Share
Contents
Save
The total population of Faribault is estimated to be 24,418 with 13,061 males (53.49%) and 11,357 females (46.51%). There are 1,704 less females than males in Faribault.
The median household income in Faribault was $59,698 in 2021, which marked an a decrease of 2,434(3.92%) from $62,132 in 2020. This income is 80.02% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Faribault sees its highest median household income among householders in the age group of 45 to 64 years old, at $80,618. Overall, the median household income for the city of Faribault stands at $59,698.
In Faribault, the median income for all workers aged 15 years and older, regardless of work hours, was $36,970 for males and $30,539 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $49,467 for males and $45,846 for females.
In Faribault, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, White households have the highest median household income at $67,171, while Two or More Races households represent the opposite end with the lowest median household income of $27,375.
In 2022, the population of Faribault was 24,518, a 0.23% increase year-by-year from 2021. Previously, in 2021, Faribault's population was 24,461, an increase of 0.09% compared to a population of 24,440 in 2020.
The median age in Faribault, MN is 38.3, as per 2021 ACS 5-Year Estimates. Of the total population, 19.13% were under the age of 15, 18.91% aged 15 to 29, 45.12% aged 30 to 64, 14.96% aged 65 to 84, and 1.88% were 85 years of age and older.
Racial distribution of Faribault population: 73.44% are White, 14.24% are Black or African American, 1.07% are American Indian and Alaska Native, 1.68% are Asian, 0.14% are Native Hawaiian and other Pacific Islander, 5.50% are some other race and 3.91% are multiracial.