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Faribault, Minnesota

city · Rice County

At a glance

24,631
Population
$241,500
Median home value
20% below U.S. median
$1,074/mo
Median rent
20% below U.S. median
$61,449
Median household income
22% below U.S. median
19 min
Average commute
89.5%
Homes with broadband
5.4%
Unemployment

Living here

Colleges in town:
Nearest 4-year college12 mi
Nearest community college32 mi
Nearest technical college0 mi
High school graduates87.9%
College graduates17.6%

Doing business here

Economic development contacts, most local first:

city Faribault Economic Development
Driven by the Faribault Economic Development Authority, the City of Faribault is your partner for economic success, offering over 250 acres of prime industrial land along the Interstate Corridor and customized training opportunities through South Central College's Center for Business and Industry.
state Arrowhead Regional Development Commission
ARDC is a multi-disciplined planning and development organization serving the seven-county Arrowhead Region in northeast Minnesota. Its mission is to provide local units of government and citizen groups a means to work cooperatively in identifying needs, solving problems, and fostering local leadership to promote economic growth.
state Economic Dev Association of Minnesota
EDAM champions economic development through education, collaboration and advocacy. It is a state-wide association of professionals who specialize in economic development, with members in public, private, and nonprofit sectors who stay informed and connected to current economic development strategies and best practices.
state Minnesota Dept of Empl & Economic Dev
Minnesota's state agency that provides employment services, workforce development, unemployment insurance support, business financing, and economic development programs for residents and businesses.
state Minnesota Power Economic Development
Minnesota Power has the resources, connections and experience to help companies find sites and secure capital for expansion and relocation projects in our service area. It also provides private sector leadership in economic development.
state North Saint Paul Economic Development
The North St. Paul Economic Development Authority (EDA) was established to precipitate future development, increase the tax base, promote employment, and enhance the overall quality of life in North St. Paul; it sets goals, meets regularly, and can provide momentum and a vision for economic development.
State sales taxYes
State income taxYes
Right-to-work stateNo

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