Faribault, MN vs Virginia, MN

The cost of living difference between Faribault, MN and Virginia, MN is dramatic. Virginia is 31.7% cheaper than Faribault, a gap that translates to thousands of dollars per year in household expenses. Faribault has a cost index of 84 while Virginia sits at 64, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Faribault is $1,041/month compared to $789/month in Virginia — a 32% difference. Home values follow the same pattern: Virginia is more affordable at $117,500 median vs $233,900.

Median household income in Faribault is $61,662 compared to $48,321 in Virginia (+27.6%). The higher salaries in Faribault partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Faribault spend roughly 20.3% of their income on rent, more than the 19.6% in Virginia.