Economy in Faribault, Minnesota
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Economy
| Unemployment Rate | 7.90% | 9.10% |
| Recent Job Growth | -2.74% | -0.12% |
| Future Job Growth | 26.62% | 31.25% |
| Sales Taxes | 6.50% | 6.80% |
| Income Taxes | 7.85% | 6.25% |
| Income per Cap. | $21,859 | $27,067 |
| Household Income | $48,240 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 11.52% | 12.10% |
| Income between 15K and 25K | 10.90% | 10.18% |
| Income between 25K and 35K | 12.06% | 10.56% |
| Income between 35K and 50K | 17.65% | 14.98% |
| Income between 50K and 75K | 24.20% | 19.53% |
| Income between 75K and 100K | 13.05% | 12.52% |
| Income between 100K and 150K | 8.51% | 12.14% |
| Income between 150K and 250K | 0.56% | 3.91% |
| Income between 250K and 500K | 1.13% | 3.34% |
| Income greater than 500K | 0.43% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 9.43% | 13.81% |
| Professional and Related Occupations | 18.20% | 22.68% |
| Service | 17.75% | 14.51% |
| Sales and Office | 22.55% | 25.22% |
| Farming, Fishing, and Forestry | 0.54% | 0.68% |
| Construction, Extraction, and Maintenance | 10.44% | 9.37% |
| Production, Transportation, and Material Moving | 25.14% | 15.86% |
The unemployment rate in Faribault, MN, is 7.90%, with job growth of -2.74%. Future job growth over the next ten years is predicted to be 26.62%.
Faribault, MN Taxes
Faribault, MN,sales tax rate is 6.50%. Income tax is 7.85%.
Faribault, MN Income and Salaries
The income per capita is $21,859, which includes all adults and children. The median household income is $48,240.
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