Residential comparison · 13 facts
Faribault, MN vs Prior Lake, 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 $97,000 in Prior Lake to keep the same lifestyle.
Coming from Prior Lake, $85,000 of lifestyle costs about $73,000 in Faribault.
A few differences
- Prior Lake is higher on median household income ($134,255 vs $61,449).
- Faribault is lower on cost of living index (87 vs 105).
- Faribault is lower on 2-bedroom rent ($1,055/mo vs $1,535/mo).
Faribault vs Prior Lake · facet by facet
| Facet | Faribault, MN | Prior Lake, MN |
|---|---|---|
| Median home price | $241,500 | $450,700 |
| 2-bedroom rent | $1,055/mo | $1,535/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 | 105 |
| Groceries index | 100 | 100 |
| Utilities | $165/mo | $165/mo |
| Median household income | $61,449 | $134,255 |
| 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 · Prior Lake, MN
Questions & answers
- Is Faribault cheaper than Prior Lake?
- Faribault has the lower day-to-day cost index (87 vs 105 against a national 100). The other differences are shown facet by facet in the table.
- What household income in Prior Lake equals $85,000 in Faribault?
- A household earning $85,000 in Faribault needs about $97,000 in Prior Lake to keep the same lifestyle; coming the other way, $85,000 of Prior Lake lifestyle costs about $73,000 in Faribault.