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Faribault, Minnesota

Faribault is a city in Rice County, Minnesota, United States. The population was 20,818 at the 2000 census. It is the county seat of Rice County 6 .

Faribault Economy

Faribault has the usual gamut of small-town retail and service shops. Employers include an assortment of light manufacturing offerings including a turkey packing plant, a plastic extrusion factory, vegetable canneries but also includes unique businesses producing woolen blankets and bleu cheese. There has been substantial commercial and industrial growth occurring on the city's northern side with the additions of Sage Glass and the Aldi Distribution Center as well as the new commercial centers on 30th Street NW. Large tracts of land have been annexed to the city's north side for residential, commercial, and industrial use. This is also occurring the west side as there are plans to widen Hwy 60 near the I-35 interchange to attract potential new big box stores. The main street, Central Avenue, is seeing a renaissance of re-development with most of the historic commercial block is listed on the national register of historic places. Many buildings are being restored to there original...more

Faribault Companies

Faribault Careers

Among the most common occupations in Faribault are Management, professional, and related occupations, 24%. Production, transportation, and material moving occupations, 23%. and Sales and office occupations, 21%. Approximately 76 percent of workers in Faribault, Minnesota work for companies, 14 percent work for the government and 5 percent are self-employed.

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Faribault Industries

The leading industries in Faribault, Minnesota are Manufacturing, 22%; Educational, health and social services, 21%; and Retail trade, 11%. Simply Hired's Faribault job listings indicate that the following industries in Faribault are hiring the most workers: Commercial Banking, Entertainment & Arts, Clinics & Outpatient Services, Outpatient Surgery Centers and Mortgage Banking.

Faribault Job Salaries

According to government data, the average salary for jobs in Faribault, Minnesota is $28,225, and the median income of households in Faribault was $40,865.
 

Average Salaries in Faribault, MN

Faribault, MN

$28,000
 

Faribault Unemployment Rate

Faribault has an unemployment rate of 4.5%, compared the national average of 5.8%.

According to our Faribault Trends data, the number of Faribault, Minnesota jobs has decreased by 74% since March 2008.
Faribault job trends

Faribault Employment Statistics

Population of Faribault
Total population 20,818
Male 51.64%
Female 48.36%
Median age 34.5
  
Faribault Housing
Owner-occupied homes 73.1%
Median cost of a home $105,600
Median mortgage payment $640
Renter-occupied homes 26.9%
Vacant housing 2.6%
Median monthly rent $499
  
Average Income
Median for all male full-time $32,404
Median for all female full-time $24,046
  
Household Income
Less than $10,000 8%
$10,000 to $14,999 7%
$15,000 to $24,999 12%
$25,000 to $34,999 15%
$35,000 to $49,999 18%
$50,000 to $74,999 24%
$75,000 to $99,999 11%
$100,000 to $149,999 3%
$150,000 to $199,999 0%
$200,000 or more 1%
  
Education
Less than 9th grade 9%
9th to 12th grade, no diploma 10%
High school graduate 36%
Some college, no degree 26%
Associate's degree 5%
Bachelor's degree 10%
Graduate degree 4%
  
Marital Status
Never married 29%
Currently married 51%
Separated 2%
Widowed 7%
Divorced 11%
  
Race
White 91%
Black or African American 3%
Asian 2%
Other 4%
  
Faribault Commute
Carpool 14.1%
Public transportation 1.1%
Average travel time 19 minutes