Residential comparison · 13 facts
Faribault, MN vs Farmington, MN
Compare the housing, tax, cost, income, safety, school, and climate facts that are available for both places. The table shows the numbers without declaring one city universally better.
A household earning $85,000 in Faribault needs about $86,000 in Farmington to keep the same lifestyle.
Coming from Farmington, $85,000 of lifestyle costs about $84,000 in Faribault.
A few differences
- Farmington is higher on median household income ($123,673 vs $61,449).
- Faribault is lower on cost of living index (87 vs 100).
- Faribault is lower on 2-bedroom rent ($1,055/mo vs $1,494/mo).
Faribault vs Farmington · facet by facet
| Facet | Faribault, MN | Farmington, MN |
|---|---|---|
| Median home price | $241,500 | $366,200 |
| 2-bedroom rent | $1,055/mo | $1,494/mo |
| Property tax rate | 1.05% | 1.05% |
| State & local income tax | 3.68% | 3.68% |
| Sales tax | 7.5% | 7.5% |
| Cost of living index | 87 | 100 |
| Groceries index | 100 | 100 |
| Utilities | $165/mo | $165/mo |
| Median household income | $61,449 | $123,673 |
| Unemployment rate | 2.9% | 2.9% |
| Crime index | 40/100 | 40/100 |
| School rating | 7.0/10 | 7.0/10 |
| Sunny days / year | 195 days | 195 days |
Data: Census ACS 2024 · BLS · Tax Foundation 2024 brackets · HUD/Zillow · NOAA 1991–2020 · FEMA NRI · Values are shown as reported; no universal winner is implied.
Full profiles: Faribault, MN · Farmington, MN
Questions & answers
- Is Faribault cheaper than Farmington?
- Faribault has the lower day-to-day cost index (87 vs 100 against a national 100). The other differences are shown facet by facet in the table.
- What household income in Farmington equals $85,000 in Faribault?
- A household earning $85,000 in Faribault needs about $86,000 in Farmington to keep the same lifestyle; coming the other way, $85,000 of Farmington lifestyle costs about $84,000 in Faribault.