"This section provides data and information related to summary for Faribault, MN summary

Welcome to the Townfolio for Faribault, MN where you will find a full community profile.
What is Townfolio?  Where does the data come from?  How to use this data  Request more info

Demographics

View the Demographics tab for information such as Us Income Distribution, Us Sex By Age and more. Data is populated from census, state and municipal sources, along with third-party projections.

Total Population

24,310

Median Household Income

55,229

Total Visible Minorities

N/A

Median Age

38.3

Us Income Distribution

According to OECD, the gini coefficient measures how the distribution of income among households within an economy deviates from a perfectly equal distribution of incomes. Simply, it measures the extent of income inequality in an economy. Inequality on the Gini scale is measured between 0, where everyone's equal, and 1, where all the country's income is earned by one person. Faribault, MN has a gini coefficient of 0.56 out of 1, while the 2015 national gini coefficient is 0.39.

Us Sex By Age

Overall, there is no significant difference between the numbers of men and women. people. The 30 to 34 years old age cohort exhibits the largest discrepancy with a difference of 503 people between the sexes. Furthermore, majority of the population is between the ages 30 to 34 years old, comprising 8.42 per cent of the population. Meanwhile, 65.5 per cent are part of its working-age population, or those between the ages 15 to 64 years old, while 20.22 per cent make up the younger population that will also be part of the labour force in two decades or less. At the present, 3360 people are expected to retire in the coming years.

Labor Force

View the Labor Force tab for information such as and more. Data is populated from census, state and municipal sources, along with third-party projections.

Real Estate

View the Real Estate tab for information such as and more. Data is populated from census, state and municipal sources, along with third-party projections.

Housing Occupied

95.26%

Housing Vacant

4.74%

No. of Families

5,318

No. of Non-Families

3,058

Transportation

View the Transportation tab for information such as Car Ownership and more. Data is populated from census, state and municipal sources, along with third-party projections.

Most Used
Transportation

N/A

Busiest Time
On Roads

N/A

Residents Who
Work Locally

N/A

Vehicle Drivers

N/A

Car Ownership

Most households in Faribault, MN have three vehicles for transportation. 4137 people responding in Faribault, MN feel that having three vehicles is sufficient. Moreover, 21.59% of households say they use two vehicles. Moreover, 2060 households have four vehicles

Education

View the Education tab for information such as Us Field Of Study and more. Data is populated from census, state and municipal sources, along with third-party projections.

Dominant Level
of Education

N/A

Most Popular
Field of Study

N/A

Most Popular
Educational Destination

N/A

Least Popular
Field of Study

N/A

Us Field Of Study

Most are in Education with 574 people practicing it in Faribault, MN. Business is another popular field of expertise, as 14.33% of inhabitants are involved in it. The third group are those who are in Science & Engineering Related Fields, with 457 people responding that it is their line of work. STEM (Science, Technology, Engineering, and Math) is expected to be a growing industry, however, Pew Research Center confirms that there is still a huge need for labour in these industries. Faribault, MN has 1586 people or 45.81% of workers in STEM industries.

Utilities

View the Utilities tab for information such as and more. Data is populated from census, state and municipal sources, along with third-party projections.

What is Townfolio?

Townfolio provides city data as a service. Originally focusing on economic development software. Townfolio has evolved into a platform to: automate the community profile, provide city benchmarks and comparisons, along with completely customizable dashboards for city planning or city performance. The company provides a widget to add city dashboards to government and economic development websites, and export features to automate reporting. While main interest has come from city and county governments, economic development agencies, NGOs and other public sector clients are using Townfolio.

Where does the data come from?

Townfolio strives for the most current and credible data sources. Our database features 100’s of sources and over 5 million data points on 38,000 municipalities. The data is mainly sourced from open providers ranging from census to inside city hall.

How to Use This Data

Using Townfolio you will find census profile data among dozens of other sources for any city. The platform is used for research and decision making by cities (for reporting and performance) by economic developers, city planners and others. Students (for research) and businesses (for site selection, research and portfolio monitoring) among other groups such as people looking to move also utilize Townfolio data.

Townfolio’s data can be downloaded into PDF, XLS and images for offline usage.

If you would like to compare cities, please use our Compare Tool.

To index and benchmark cities, please use our Benchmark Tool.

Request More Info:

Questions? Ideas for data? Reach out to us and try the live chat at the bottom.