Moving to Faribault-Northfield
What you need to know before relocating to Faribault-Northfield, Minnesota. Data-driven insights on housing, jobs, safety, and quality of life.
Is Faribault-Northfield a Good Place to Live?
Based on data across cost of living, job market, safety, and education, Faribault-Northfield compares favorably on multiple dimensions. Highlights include rent ($1,028/mo) is below the national average; median household income ($81,455) exceeds the national median; low unemployment rate (2.8%) signals a strong job market.
Faribault-Northfield at a Glance
Cost of Living in Faribault-Northfield
The median rent in Faribault-Northfield is $1,028/month, while the median home value is $302,100. With a median household income of $81,455, residents spend roughly 15% of monthly income on rent.
Overall, the Faribault-Northfield metro area is classified as affordable compared to other US metros.
Job Market
Faribault-Northfield has a median household income of $81,455, which is 9% above the national median. The local unemployment rate is 2.8%, compared to the national average of 3.7%.
Safety in Faribault-Northfield
The violent crime rate in Faribault-Northfield is 261 per 100,000 residents, which is 31% below the national average of 380.
Property crime rate: 1702 per 100,000 residents.
Education in Minnesota
Minnesota has a high school graduation rate of 94% and per-pupil spending of $18,057/year. The student-to-teacher ratio is 14:1.
40% of Minnesota adults hold a bachelor's degree or higher.
Healthcare Access
Minnesota has 318 physicians per 100,000 residents, a 4.8% uninsured rate, and 2.9 hospital beds per 1,000 people. Life expectancy in Minnesota is 78.7 years.
Pros and Cons of Living in Faribault-Northfield
+Pros
- ✓Rent ($1,028/mo) is below the national average
- ✓Median household income ($81,455) exceeds the national median
- ✓Low unemployment rate (2.8%) signals a strong job market
- ✓Violent crime rate (261/100k) is well below the national average
- ✓High school graduation rate of 94%
- ✓Low uninsured rate (4.8%) and good healthcare access
-Cons
- ✗Longer-than-average commute (31901 min)
Frequently Asked Questions
Is Faribault-Northfield a good place to live?⌄
Faribault-Northfield, Minnesota has several attributes that make it an attractive place to live, including rent ($1,028/mo) is below the national average and median household income ($81,455) exceeds the national median. It scores well on multiple quality-of-life metrics relative to the national average.
What is the cost of living in Faribault-Northfield?⌄
The median rent in Faribault-Northfield is $1,028/month and the median home value is $302,100. The median household income is $81,455. Overall the metro is considered affordable.
Is Faribault-Northfield safe?⌄
Faribault-Northfield has a violent crime rate of 261 incidents per 100,000 residents. The national average is approximately 380 per 100,000.
What is the job market like in Faribault-Northfield?⌄
Faribault-Northfield has an unemployment rate of 2.8%, compared to the national average of 3.7%. The median household income is $81,455.