Faribault, MN 55021

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 4700 6950 $11,503 $1,288
(9.15% of returns)
$1,803
(5.74% of returns)
$4,808
$25,000 to $50,000 4100 7800 $31,100 $1,710
(11.22% of returns)
$7,103
(15.37% of returns)
$5,114
$50,000 to $75,000 2190 4670 $42,776 $2,688
(20.09% of returns)
$14,772
(23.29% of returns)
$5,525
$75,000 to $100,000 1340 3410 $49,465 $3,563
(28.36% of returns)
$20,200
(26.12% of returns)
$6,378
$100,000 to $200,000 1570 4380 $69,962 $4,345
(33.76% of returns)
$22,954
(22.29% of returns)
$7,363
Over $200,000 330 920 $281,970 $8,119
(63.64% of returns)
$26,616
(18.18% of returns)
$9,887
For Zip 14230 28130 $44,081

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Income Tax Rates

Rate Minimum Income Maximum Income
0.0535 0 25890
0.0705 25890 85060
0.0785 85060 160020
0.0985 160020 null

Property Tax Rates

Rate Rank (compared to Other States)
0.0111 19

Sales Tax Rates

State Rate Average Local Rate Combined Rate Rank (compared to Other States)
0.06875 0.0058 0.0746 18