Small Business in Faribault
The city's median age is 38, and the average household size is 2.49, indicating a mix of young professionals, families, and retirees contributing to local economic activity. The median household income stands at $61,662, reflecting the community’s purchasing power and potential demand for various services. Faribault supports a diverse small business ecosystem, this particular report covers 26 home service industries, with 1922 operating businesses.
Industries overview
Number of companies by home service industry in Faribault
| Category | Companies |
|---|---|
| 125 | |
| 77 | |
| 59 | |
| 139 | |
| 49 | |
| 120 | |
| 53 | |
| 75 | |
| 84 | |
| 66 | |
| 137 | |
| 133 | |
| 90 |
| Category | Companies |
|---|---|
| 112 | |
| 201 | |
| 171 | |
| 41 | |
| 147 | |
| 41 | |
| 141 | |
| 1 | |
| 72 | |
| 156 | |
| 128 | |
| 52 | |
| 71 |
New websites
111
+3.74%
in 2024 compared to 2023
Total websites
1,500
+8.06% (+111)
increase from 2023 to 2024
New websites
Recently created small business websites which provide services in Faribault
| Website | Created |
|---|---|
| Mar 07, 2025 | |
| Feb 14, 2025 | |
| Feb 13, 2025 | |
| Feb 07, 2025 | |
| Jan 31, 2025 | |
| Jan 28, 2025 | |
| Jan 23, 2025 | |
| Jan 23, 2025 | |
| Jan 15, 2025 | |
| Jan 13, 2025 |