Faribault is a city located in Rice County Minnesota. It is also the county seat of Rice County. With a 2020 population of 23,993, it is the 46th largest city in Minnesota and the 1606th largest city in the United States . Faribault is currently growing at a rate of 0.20% annually and its population has increased by 2.74% since the most recent census, which recorded a population of 23,352 in 2010. Faribault reached it's highest population of 23,993 in 2021. Spanning over 15 miles, Faribault has a population density of 1,582 people per square mile.
The average household income in Faribault is $65,112 with a poverty rate of 13.87%. The median rental costs in recent years comes to $822 per month, and the median house value is $153,500. The median age in Faribault is 37.9 years, 36.7 years for males, and 39 years for females.