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Minnesota

Cost of living in Faribault County, MN

Estimated monthly cost
$2,804/mo
for a single person, all categories combined

Population 13,909 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $744 27%
Federal tax $492 18%
Healthcare $480 17%
Groceries $340 12%
Transport $320 11%
State tax $191 7%
Energy $187 7%
Water $50 2%

Rent in Faribault County

Fair Market Rents by bedroom count.

Studio
$640
per month
1 bedroom
$744
per month
2 bedroom
$933
per month
3 bedroom
$1,307
per month
4 bedroom
$1,312
per month

Source: HUD FMR FY2025

Income and earnings in Faribault County

Annual earnings figures from the Census ACS.

Household income
$64,391
per year
Individual earnings
$40,157
per year
Per capita
$36,782
per year

Source: ACS 2019-2023 5-Year.

Home values in Faribault County

Average values reported by homeowners.

Average home value
$120,200
Annual property tax
$1,263

Source: ACS 2019-2023 5-Year

Energy costs in Faribault County

Estimated monthly electricity and gas costs.

Electricity
$124
per month · 15.5¢/kWh
Natural gas
$63
per month
Annual total
$2,244
per year

Source: EIA

Healthcare in Faribault County

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
5.3%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Faribault County

State and local tax rates for Minnesota.

State income tax
9.8%
Top marginal rate
State sales tax
6.9%
Combined sales tax
7.5%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Faribault County

Commute patterns and estimated costs.

Average commute
20.0 min
Drive alone
77.3%
Public transit
0.4%
Work from home
8.6%

Source: ACS

Monthly cost estimates for Faribault County

What it costs to live in Faribault County each month.

Single person
$2,804
per month
  • Rent $744
  • Energy $187
  • Water $50
  • Groceries $340
  • Transport $320
  • Healthcare $480
  • Federal tax $492
  • State tax $191
Couple
$4,117
per month
  • Rent $933
  • Energy $224
  • Water $60
  • Groceries $563
  • Transport $420
  • Healthcare $864
  • Federal tax $724
  • State tax $329
Family
$6,635
per month
  • Rent $1,307
  • Energy $280
  • Water $70
  • Groceries $855
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $724
  • State tax $329

Frequently asked questions about Faribault County

Common questions about cost of living, rent and salary.

What is the average rent in Faribault County?

In Faribault County, MN, a one-bedroom apartment averages $744 per month, a two-bedroom averages $933 per month, a three-bedroom averages $1,307 per month, according to HUD Fair Market Rent data.

What is the average salary in Faribault County?

In Faribault County, MN, the average household income is $64,391 per year and individual earnings for full-time workers average $40,157 per year, according to U.S. Census Bureau data.

What is the cost of living in Faribault County?

The estimated cost of living in Faribault County, MN is approximately $2,804 per month for a single person, $4,117 for a couple, $6,635 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Faribault County?

The combined sales tax rate in Faribault County, MN is 7.54%, which includes the Minnesota state rate of 6.88% plus an average local rate of 0.66%.

Is Faribault County an affordable place to live?

Based on the data, a single person in Faribault County, MN would need approximately $2,804 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $64,391 per year ($5,366 per month). Faribault County has a moderate cost of living relative to local earnings.

How much does healthcare cost in Faribault County?

The ACA marketplace benchmark premium in Faribault County, MN is approximately $480 per month for an individual. Approximately 5.3% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Faribault County?

The average home value in Faribault County, MN is $120,200, with average annual property taxes of $1,263, according to U.S. Census Bureau data.

How does Faribault County compare to other areas?

You can compare Faribault County, MN with any other US county using our comparison tool at /compare. Faribault County is in Minnesota.

Other counties in Minnesota

Browse the full list of counties in Minnesota, ranked by cost of living.

See all counties in Minnesota

Compare Faribault County with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources