Life Skills and Money Education in Faribault County, Minnesota

About 13,886 people live in Faribault County, Minnesota. The population has barely moved since 2020 — a change of under one percent over four years. The median age is 44.6.

Among adults 25 and older in Faribault County, 21.6% hold a bachelor's degree or higher. That runs 1.5 points above the Minnesota average of 20.1%. Flip that figure and it describes 78.4% of the 9,907 adults 25 and over counted in the 2019–2023 ACS, about 7,767 people whose money skills came from somewhere other than a university.

Median household income is $64,391. That is $4,299 below the Minnesota median. About 11.8% of residents live below the poverty line. The median home is valued at $120,200, roughly 1.9× median household income.

Faribault County by the numbers

Measure	Value
Population (2024)	13,886
Change since 2020	-0.1%
Median household income	$64,391
Adults 25+ with a bachelor’s degree	21.6%
Adults 25+ with a high school diploma	92%
Median age	44.6
Poverty rate	11.8%
Unemployment rate	3.8%
Median home value	$120,200
Land area	712.479 sq mi
Population density	19 / sq mi

What Minnesota teaches — and to whom

Minnesota has committed to 1 semester of personal finance as a graduation requirement, phasing in with the class of 2028 — so today's middle schoolers will be the first cohort held to it. That covers students still in the system. It does nothing for the adults already out of it — which, in Faribault County, is most of the people reading this.

LearnLife organises this the way the decisions actually arrive: Money — budgeting, credit, debt and taxes — the mechanics nobody is formally taught; Legal literacy — leases, contracts, employment rights and what a signature actually commits you to; Emotional regulation — the self-management that decides whether the other skills ever get used.

Where to start in Faribault County

Start with the money that moves every month

For most households in Faribault County, the fastest gain is not an investing strategy — it is seeing the recurring outflows clearly, knowing what a credit score actually responds to, and understanding which line items on a payslip are negotiable.

Questions people ask about Faribault County

Do high school students in Faribault County, Minnesota have to take a personal finance class?

Yes — Minnesota has adopted a standalone requirement, phasing in with the graduating class of 2028. Students graduating before then are not covered.

How many adults in Faribault County, Minnesota have a college degree?

21.6% of adults 25 and older hold a bachelor's degree or higher, based on the Census Bureau's 2019–2023 American Community Survey. The remaining 78.4% are managing their finances without one.

What is the median household income in Faribault County, Minnesota?

$64,391, per the Census Bureau's 2019–2023 American Community Survey.

Where can adults in Faribault County, Minnesota learn personal finance?

Graduation requirements only ever reach people still in school. For adults, LearnLife covers the same ground on demand — money, legal literacy and the self-management that decides whether either gets used.

Start with whichever one is costing you money right now.

Browse the LearnLife catalog

Nearby in Minnesota

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Population and demographic figures: U.S. Census Bureau — 2024 Gazetteer, Vintage 2024 Population Estimates, and the American Community Survey 2019–2023 5-year estimates. Graduation-requirement status: NGPF Live U.S. Dashboard, read 2026-09-14. Figures marked as unavailable are suppressed by the Census Bureau for small populations.