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Faribault, MN

A town of about 24,631 people in Rice County.

Everyday life
Shops, cafes, and daily routines
Hobbies & activities
Trails, parks, and pastimes
Nearby scenery
Lakes, overlooks, and drives

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Where it is
Faribault
Faribault in Minnesota
Minnesota in the U.S.
State outlines: U.S. Census Bureau.
The facts behind it
Homeowners insurance
About $2,729 a year
The statewide average for a typical policy in MN. Your own quote will depend on the home.
Source: Statewide estimate, 2026
Natural disaster risk
Relatively Low
FEMA's overall rating for the county, covering floods, storms, wildfire, earthquakes and more.
Source: FEMA National Risk Index, December 2025
Median household income
$82,792
Half of households in the county earn more than this, half earn less.
Source: U.S. Census (American Community Survey), 2023
Property tax
0.97% of home value a year
About $970 a year for every $100,000 of home value.
Source: U.S. Census (American Community Survey), 2023
State income tax
Graduated, up to 9.85%
MN's state income tax. Some cities and counties add their own.
Source: 2026

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