Faribault, MN vs Mound, MN

Faribault is moderately more affordable than Mound, with a 14.8% lower cost of living index. Faribault scores 84 compared to 99 for Mound, where the US average is 100. This difference means residents of Mound can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Faribault is $1,041/month compared to $1,119/month in Mound — a 7% difference. Home values follow the same pattern: Faribault is more affordable at $233,900 median vs $348,600.

Median household income in Faribault is $61,662 compared to $91,370 in Mound (-32.5%). While Mound is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Faribault spend roughly 20.3% of their income on rent, more than the 14.7% in Mound.