Market Population Trends

Employment Type

Age Grouping

Ethnicity Mix 2018

Fertility Rate

372 estimated births

Household Characteristics

Median Age over Time

Households with Children by Age

Median Household Income

Educational Attainment

Unemployment Rate

Type of Housing

Housing Values

Median mortgage payment for 2018: $1,246

Average Rent as Percentage of Gross Income

Median rent for 2018: $813

Average Commute

Primary Transportation

Gender Mix

Field of Employment

Estimated Consumer Expenditures

Category
Estimated Annual Spend (in 000's)
Food $46,396
--Home Prepared Food $26,144
--Restaurant/Takeaway Food $20,252
Alcoholic Beverages $3,406
Housing $117,600
--Rent/Mortgage/Upkeep/Taxes $68,765
--Utilities $23,704
--Operations $8,929
--Supplies $4,373
--Furnishings $11,875
Apparel $10,909
--Men & Boys $2,439
--Women & Girls $4,419
--Children < 2 $46
--Footwear $2,301
Transportation $57,120
--New Vehicles $10,678
--Used Vehicles $12,197
--Fuel $12,335
--Insurance $5,707
--Public Transit $4,787
Healthcare $29,089
Entertainment $18,871
--Pets $3,866
--Toys $921
Personal Care Products $4,511
Books & Literature $644
Education $8,239
Tobacco Products $2,025
Miscellaneous $5,799
Retirement $11,047
Non-health Insurance $42,714
Total Expenditures $358,370

Selected Population Data

Period Geography Population
2014 Faribault city, Minnesota 23,460
2015 Faribault city, Minnesota 23,509
2016 Faribault city, Minnesota 23,530
2017 Faribault city, Minnesota 23,577
2018 Faribault city, Minnesota 23,711