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Places/MN/Faribault
County profile

Faribault

United States · GDP 2024
#2035 of 3,127 US counties by GDPtop-quartile growthmore diversified than 32% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$788.4M
GDP growth
+8.3%
Jobs tracked
3,758
Employers
379
Avg. wage
$50.7k
Population
13,888
Labor & formation
Unemployment
4.2%
Median HH income
$66.8k±$4.2k
Business applications
129 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA

No public companies loaded for this state yet — universe expands with the full ingest.

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Manufacturing35%
Health care25%
Retail trade15%
Food & accommodation10%
Other services8%
Construction7%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
13,888
residents · 2025 · -0.1% since 2020
Income per capita $57.7k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+179
International migration+50
Natural change−237

GDP trend

2019–2024 · nominal
$501.9M
2019
$521.8M
2020
$638.0M
2021
$741.7M
2022
$728.0M
2023
$788.4M
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$135.3k±$9.8k
Median gross rent
$799/mo±$93/mo
Vacancy rate
11.9%±2.1%
Affordability
2.7× wages
Residential permits
6 (0.4/1k pop)
FEMA risk score
45.5
HUD Fair Market Rent (2BR):$973/mo · 2026
TOP PERILS · FEMA NRI
Drought 94Winter weather 81Hail 76
FHFA HOUSE PRICE INDEX · 2016–2025
179
2016
184
2017
196
2018
210
2019
207
2020
229
2021
275
2022
281
2023
291
2024
319
2025

Transport access

BTS · FAA · USACE
Nearest interstate
2.5 km
I-90
Nearest freight rail
8.8 km
UP
Nearest port
132.1 km
HARVEST STATE COOPERATIVES, SAVAGE ELEVATOR WHARF
Nearest commercial airport
75.9 km
MASON CITY MUNI
Wage trend
BLS QCEW · 2019–2023
$50.7k
avg. annual pay · +23% since 2019
Similar US counties
nearest by GDP
Crockett$788.4MOgemaw$788.0MNeosho$787.6MFranklin$789.8MPaulding$790.0MMcNairy$786.7M
The read

Faribault's economy produced $788.4M in 2024, growing 8.3% year over year — faster than most US counties. Its largest employment sector is manufacturing.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.
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