Faribault employment information

IndexFaribaultMinnesotaNational
Income per capita$23,487$33,225$29,829
Median household income$50,481$63,217$55,322
Median income owner occupied$63,146$77,618$70,586
Median income renter occupied$26,643$34,348$35,192
Median earnings male$32,094$40,933$36,919
Median earnings female$22,054$29,114$26,250
Unemployment rate3.5%3.4%4.7%
Poverty level17.3%10.8%15.1%
The Faribault, MN employment information can be a key indicator when searching for a new job. A good indicator of the strength of the job market is the income per capita and the median household income. The income per capita in Faribault is $23,487, which is 29% lower than than the Minnesota average and 21% lower than than the national average. The median household income is $50,481, which is 20% lower than than the Minnesota average and 9% lower than than the national average. The unemployment rate in Faribault is 4%, which is 25% lower than than the national average. The poverty rate in Faribault is 17% which is 15% higher than than the national average.

am i middle class

$Input your household income
$33,650$50,481$100,962
City
$42,140$63,217$126,434
State
$36,877$55,322$110,644
Nation
According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

Did you know?

  • The income per capita in Faribault is 21% lower than the national average.
  • The median household income in Faribault is 9% lower than the national average.
  • Male median earnings are 41% higher than female median earnings.
  • The unemployment rate in Faribault is 25% lower than the national average.
  • The poverty level in Faribault is 15% higher than the national average.

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Compare Faribault, MN Employment To Other Cities

Employment status

Hours worked per week

Faribault median earnings by income bracket

Faribault employment by industry

Labour TypeMaleFemale
Construction industry10.7%1.8%
Manufacturing sector33.2%2.6%
Financial & insurance services3.3%2.6%
Wholesale & retail services14.6%14.0%
Public administration3.4%4.8%
Transportation, warehousing & utilities5.1%2.2%
Education, health & social services7.4%43.1%
Other21.0%20.4%

Nearby cities with high median household income

City, StatePopulationHousehold IncomeNational Avg.
Warsaw, MN721$76,07138%
Dundas, MN1,586$71,12529%
Nerstrand, MN296$70,00027%
Lonsdale, MN3,814$69,08125%
Medford, MN1,388$66,25020%
Faribault, MN23,530$50,4819%

Cities with similar population

City, StatePopulationHousehold IncomeNational Avg.
Keene, NH23,537$53,4993%
Kingston, NY23,506$43,51121%
Cloverleaf, TX23,505$42,18324%
Old Bridge, NJ23,569$100,64382%
Bainbridge Island, WA23,576$102,90686%
Faribault, MN23,530$50,4819%
Source: The Faribault, MN employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).