2025 Compare Cities Economy:
Hermantown, MN vs Faribault, MN

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Highlights
- Household income in Faribault, is 31% less than it is in Hermantown and is 25% below the National Average.
- Hermantown unemployment rate is 4.8%.
- Faribault unemployment rate is 4.2%.
 Hermantown, MNFaribault, MNUnited States
 Unemployment Rate  Unlock4.2%6.0%
 Recent Job Growth  Unlock2.2%1.6%
 Future Job Growth29.9%  Unlock33.5%
 Sales Taxes8.4%  Unlock6.2%
 Income Taxes  Unlock7.1%4.6%
 Income per Cap.$44,959  Unlock$37,638
 Household Income  Unlock$55,229$69,021
 Family Median Income$100,685  Unlock$85,028
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 Est. Households By Income
 Hermantown, MNFaribault, MNUnited States
 Income Less Than 15K  Unlock8.8%9.4%
 Income between 15K and 20K1.5%  Unlock3.8%
 Income between 20K and 30K  Unlock10.9%8.1%
 Income between 30K and 40K7.1%  Unlock8.0%
 Income between 40K and 50K  Unlock9.1%7.6%
 Income between 50K and 60K5.5%  Unlock7.2%
 Income between 60K and 75K  Unlock10.9%9.6%
 Income between 75K and 100K15.3%  Unlock12.8%
 Income between 100K and 150K  Unlock13.4%16.3%
 Income between 150K and 200K8.0%  Unlock7.8%
 Income greater than 200K  Unlock3.0%9.5%
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 Population By Occupation
 Hermantown, MNFaribault, MNUnited States
 Management, business, finance20.0%  Unlock16.4%
 Engineering, computers, science  Unlock3.5%6.5%
 Community, social services4.0%  Unlock1.8%
 Legal  Unlock0.0%1.2%
 Education, library6.6%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.7%2.0%
 Healthcare practitioners and technology11.6%  Unlock6.2%
 Healthcare support  Unlock6.0%3.3%
 Firefighters, law enforcement1.4%  Unlock2.1%
 Food preparation, serving  Unlock6.1%5.4%
 Building maintenance4.4%  Unlock3.6%
 Personal care  Unlock3.2%2.6%
 Sales, office, administrative support23.9%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.9%0.6%
 Construction, extraction, maintenance/repair6.6%  Unlock8.1%
 Production, transportation, material moving  Unlock25.3%13.1%
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