Loading Content...
Demographic Shifts in Faribault, Minnesota: Analysis of Racial Composition from 2013 to 2022
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Faribault, Minnesota exhibited demographic characteristics of a "White Majority" community in 2022, with 70% of the population identifying as white. The city demonstrated increasing diversity, as 28% of the population identified as Black or Hispanic. The median income in 2022 was $61,966, indicating a moderate income level for the area.
From 2013 to 2022, Faribault transitioned from a "Low Diversity" to a community approaching "Moderate Diversity." The white population decreased from 78% in 2013 to 70% in 2022. The Black population increased from 6% to 13%, while the Hispanic population grew slightly from 12% to 13%. These changes suggest Faribault is becoming a "Transitional Community" with increasing racial diversity.
The median income in Faribault increased from $57,198 in 2013 to $61,966 in 2022, representing an 8.3% growth. This growth was not consistent, with fluctuations observed. The population grew from 26,764 in 2013 to 27,528 in 2022, a 2.9% increase.
The trends in Faribault align with patterns observed in many American cities, where increasing diversity often coincides with economic changes. The growth in the Black population may reflect broader migration patterns or changes in local industries attracting a more diverse workforce.
Based on observed trends, Faribault is likely to continue transitioning towards greater diversity. Within the next 5-10 years, the city could potentially shift from a "White Majority" to a "Majority-Minority" community. The Black and Hispanic populations may reach or exceed 15% each.
Economically, if modest income growth continues, Faribault's median income may approach or exceed $65,000 in the next 5 years. Recent fluctuations suggest economic stability is not guaranteed and may be influenced by local or national economic factors.
Faribault appears to be on a trajectory towards becoming a more diverse, "Moderate Diversity" community in the near future. This transition may influence local policies, community services, and economic development strategies to adapt to the changing demographics.
