
Small Town Pride, Big City Opportunities tells the story of Faribault's economy.
Faribault is a growing community of nearly 30,000 residents in Rice County. Faribault is ideally situated on Interstate 35, intersecting two state highways, served by two major railway lines and under an hour to the Minneapolis-St. Paul International Airport.
Faribault posted a 5.73% population increase from 2000-2006
Projected growth of another 4.75% is anticipated by 2011.
Average household income is $61,053
Estimated per capita income is $22,958
The median age for the area is 36.3
111 new residential dwellings units built in 2006
$65 million in commercial new construction and commercial remodeling in 2006
Rice County's population is the State's 13th most populous county
|
FAST FACTS:
Faribault:
Named after its founder
Alexander Faribault
Founded: 1852
Location: On I35,
25 minutes south
of the Twin Cities
metropolitan area
Miles of Roadway: 120.38
Community Population: 28,959
County: Rice, population 61,684
Elevation: 1,015.55 feet above mean sea level (at City Hall)
Within one-hour of:
Downtown Minneapolis and
St. Paul, Minneapolis-St. Paul International Airport, Rochester
and the Mayo Clinic, Mall of America, 8 State Parks and over 100
recreational lakes and other top attractions. Borders with Iowa
and Wisconsin
|