2025 Compare Cities Economy:
Faribault, MN vs Redwood Falls, MN

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Highlights
- Household income in Redwood Falls, is 4% more than it is in Faribault and is 20% below the National Average.
- Faribault unemployment rate is 4.2%.
- Redwood Falls unemployment rate is 5.5%.
 Faribault, MNRedwood Falls, MNUnited States
 Unemployment Rate  Unlock5.5%6.0%
 Recent Job Growth  Unlock-2.8%1.6%
 Future Job Growth37.9%  Unlock33.5%
 Sales Taxes7.4%  Unlock6.2%
 Income Taxes  Unlock7.1%4.6%
 Income per Cap.$27,743  Unlock$37,638
 Household Income  Unlock$57,565$69,021
 Family Median Income$69,841  Unlock$85,028
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 Est. Households By Income
 Faribault, MNRedwood Falls, MNUnited States
 Income Less Than 15K  Unlock9.9%9.4%
 Income between 15K and 20K3.7%  Unlock3.8%
 Income between 20K and 30K  Unlock10.4%8.1%
 Income between 30K and 40K12.9%  Unlock8.0%
 Income between 40K and 50K  Unlock9.8%7.6%
 Income between 50K and 60K8.4%  Unlock7.2%
 Income between 60K and 75K  Unlock12.7%9.6%
 Income between 75K and 100K14.1%  Unlock12.8%
 Income between 100K and 150K  Unlock15.0%16.3%
 Income between 150K and 200K4.8%  Unlock7.8%
 Income greater than 200K  Unlock1.8%9.5%
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 Population By Occupation
 Faribault, MNRedwood Falls, MNUnited States
 Management, business, finance8.2%  Unlock16.4%
 Engineering, computers, science  Unlock2.6%6.5%
 Community, social services2.1%  Unlock1.8%
 Legal  Unlock0.9%1.2%
 Education, library5.4%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.2%2.0%
 Healthcare practitioners and technology3.1%  Unlock6.2%
 Healthcare support  Unlock8.5%3.3%
 Firefighters, law enforcement1.2%  Unlock2.1%
 Food preparation, serving  Unlock3.2%5.4%
 Building maintenance3.8%  Unlock3.6%
 Personal care  Unlock2.4%2.6%
 Sales, office, administrative support20.0%  Unlock20.9%
 Farming, fishing, forestry  Unlock3.5%0.6%
 Construction, extraction, maintenance/repair9.3%  Unlock8.1%
 Production, transportation, material moving  Unlock15.3%13.1%
Reviews for Faribault    0 Reviews

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Reviews for Redwood Falls    1 Reviews

Over 17 years ago

It is very very cold here in the  More

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