What is the cost of living in Faribault, MN?
According to the most recent data on the cost of living, Faribault has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Minnesota, Faribault has a cost of living index that's 1.0x lower than Minnesota's index of 101.
The standard of living in Faribault ranks as #38 most affordable out of the 151 places we measured in Minnesota. By definition, that implies Faribault ranks as the #113 most expensive place in the North Star State.
For more reading on life in Faribault, check out:
Faribault Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Faribault. Here is how it fares on each of the criteria:
The Services index in Faribault is 101.
The Groceries index in Faribault is 97.
The Health index in Faribault is 93.
The Housing index in Faribault is 100.
The Transportation index in Faribault is 103.
The Utilities index in Faribault is 95.
| Living Expense | Faribault | Minnesota | National Average |
|---|---|---|---|
| Overall | 99 | 101 | 100 |
| Services | 101 | 101 | 100 |
| Groceries | 97 | 99 | 100 |
| Health | 93 | 99 | 100 |
| Housing | 100 | 101 | 100 |
| Transportation | 103 | 103 | 100 |
| Utilities | 95 | 101 | 100 |
Faribault Cost Of Living Compared To Minnesota Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Minnesota, check out:
Protect your home budget Compare home warranties in Faribault Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Faribault, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Faribault is $297,209.
The Median Rent in Faribault is $1,074.
The Median Income in Faribault is $61,449.
The Home Value To Income in Faribault is 4.8x.
The Rent To Monthly Income in Faribault is 0.21x.
Faribault, MN Costs By Category
Detailed Faribault Services costs vs. Minnesota
Detailed Faribault Groceries costs vs. Minnesota
Detailed Faribault Health costs vs. Minnesota
Detailed Faribault Transportation costs vs. Minnesota
Faribault SnackAbility
Cost Of Living In Cities Around Faribault
The cost of living varies in the cities and towns around Faribault. Here's a quick look at the cost of living in the most populous nearby places:
Woodbury, MN has a cost of living index of 120, 1.2x Faribault.
Lakeville, MN has a cost of living index of 122, 1.2x Faribault.
Eden Prairie, MN has a cost of living index of 128, 1.3x Faribault.
| City | Population | Cost Of Living | Vs. Faribault |
|---|---|---|---|
| Woodbury, MN | 78,305 | 120 | 1.2x |
| Lakeville, MN | 74,354 | 122 | 1.2x |
| Eden Prairie, MN | 63,051 | 128 | 1.3x |
| Apple Valley, MN | 55,679 | 114 | 1.2x |
| Edina, MN | 53,262 | 141 | 1.4x |
| Minnetonka, MN | 53,064 | 127 | 1.3x |
| Owatonna, MN | 26,498 | 98 | 1.0x |
| Golden Valley, MN | 21,725 | 122 | 1.2x |
| Northfield, MN | 20,742 | 103 | 1.0x |
| Mendota Heights, MN | 11,612 | 126 | 1.3x |
