Cost of Living in Faribault, MN
Overall index: 81 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 67 | -33% | $729 |
| Transportation | 104 | +4% | $3.50 |
| Food | 83 | -17% | $340 |
| Utilities | 84 | -16% | $121 |
| Healthcare | 84 | -16% | $87 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Faribault?
A single adult living comfortably in Faribault, MN needs approximately $28,350 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Faribault, MN?
The overall cost of living in Faribault, MN is 19% lower than the US national average (index: 81 where 100 = national average).
How much is rent in Faribault, MN?
Average rent for a 1-bedroom apartment in Faribault, MN is about $729/month.
Is Faribault, MN expensive to live in?
No, Faribault, MN is affordable (below national average).
What salary do I need to live in Faribault, MN?
A single adult needs roughly $28,350/year to cover basic living costs in Faribault, MN.