College Costs in Faribault, MN 2026
Compare tuition, housing, and financial aid across 2 colleges in Faribault, Minnesota. Use our free calculator to estimate your total cost.
Avg Public Tuition
$14,200
per year
Avg Private Tuition
$38,000
per year
Avg Rent Near Campus
$762
per month
Colleges & Universities
2
institutions
Faribault Overview
Population
24,062
Student Population
1,677 (7.0%)
Cost of Living Index
94 (avg: 100)
Walk Score
47/100
Transit Score
12/100
Unemployment Rate
3.4%
College Cost Calculator for Faribault
Cost Inputs
Total Cost (4 Years, Public In-State)
$109,304
Total After Financial Aid
$109,304
Annual Cost
$27,326
Annual After Aid
$27,326
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $109,304 |
| Monthly Payment | $1,241 |
| Total Interest | $39,631 |
| Total Loan Cost | $148,935 |
Universities in Faribault
| University | Type | Annual Tuition |
|---|---|---|
| Faribault State University | Public | $13,893 |
| Faribault Community College | Community | $4,888 |
Faribault has 2 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Faribault vs. National Average
| Category | Faribault | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $14,200 | $10,940 | +$3,260 |
| Monthly Rent Near Campus | $762 | $1,050 | -$288 |
| Cost of Living Index | 94 | 100 | -6 |
Faribault's cost of living is below the national average. This makes it a more affordable city for students compared to many other college towns.
Student Life in Faribault
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
1,677 students
Faribault has a total population of 24,062, with approximately 1,677 college students (7.0% of the population). While not primarily a college town, Faribault offers students access to urban amenities, diverse employment opportunities, and a wide range of cultural experiences.
Post-Graduation Outlook in Faribault
$47,078
Starting Salary
3.4%
Unemployment Rate
59%
Graduation Rate
~9 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Faribault earn a median starting salary of $47,078, which is $12,078 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $109,304 (including room and board), it would take approximately 9 years of the salary premium to recoup the investment. With average financial aid of $13,466 per student per year, the net cost and payback period can be significantly reduced.
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