Faribault city, MN

ZIP 55021 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Faribault city, MN (55021)

Median Income

$70,296

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+2,190

Wealth inflow

Population

30,860

Unemployment

4.8%

1.1pp above US avg

IRS migration statistics show a net inflow of about 2,190 for ZIP 55021 (Faribault city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

4.8%+31% vs US avg

Self-Employed

1.9%-69% vs US avg

SNAP Benefits

10.4%-11% vs US avg

733

Establishments

11,798

Employees

~16 per establishment — small businesses dominate

Manufacturing

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining3.1%
Construction7.9%
Manufacturing20.9%
Wholesale trade2.8%
Retail trade10.2%
Transportation, utilities5.1%
Information0.4%
Finance, insurance, real estate4.0%
Professional, scientific, management7.2%
Education, health care, social22.4%
Arts, entertainment, food services7.0%
Other services3.6%
Public administration5.3%

Household Income

Historical Trends in 55021 (2020–Present)

Since 2020, population grew 1.7%, median income fell 8.1% (inflation-adjusted), home values increased 10.4%.

Median Income

$70,296

-6% vs US avg

Unemployment Rate