According to the most recent data on the cost of living, Faribault has an overall cost of living index of 92 which is 0.9x lower than the national index of 100.
Compared to only Minnesota, Faribault has a cost of living index that's 0.9x lower than Minnesota's index of 104.
The standard of living in Faribault ranks as #1,974 most affordable out of the 6,418 places we measured in Minnesota. By definition, that implies Faribault ranks as the #4,444 most expensive place in the North Star State.
|Living Expense||Faribault||Minnesota||National Average|
Housing swings affordability the most between places in Minnesota, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
|City||Population||Cost Of Living||Vs. Faribault|
|Eden Prairie, MN||64,481||121||1.3x|
|Apple Valley, MN||53,728||112||1.2x|
|Golden Valley, MN||21,611||116||1.3x|
|Mendota Heights, MN||11,339||125||1.4x|