Economy & Jobs — Faribault, Minnesota
Income & Employment
| Median Household Income (Census) | $61,449 |
|---|
| Estimated 2026 | ~$70,300 |
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| Per Capita Income | $32,009 |
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| Poverty Rate | 16.4% |
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| Unemployment Rate | 5.4% |
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| In Labor Force | 11,107 |
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Top Industries
| Industry | Share |
|---|
| Education Healthcare | 24.5% |
| Manufacturing | 22.6% |
| Retail | 10.1% |
Local Businesses (County)
| Type | Count |
|---|
| Fast Food | 40 |
| Full Service Restaurants | 36 |
| Insurance Agencies | 32 |
| Real Estate Offices | 27 |
| Auto Repair | 25 |
| Gas Stations | 20 |
| Law Offices | 18 |
| Commercial Banks | 17 |
| Chiropractors | 13 |
| Hotels Motels | 13 |
| Beauty Salons | 12 |
| Dental Offices | 12 |
| Child Day Care | 11 |
| Accounting Firms | 9 |
| Physician Offices | 9 |
Sources: Census ACS 5-Year 2023; BLS QCEW 2023; Census ACS 5-Year 2023, B19013.
