Faribault is a city in, and the county seat of, Rice County, Minnesota, United States. The population was 24,453 at the 2020 census. Fariba…Faribault is a city in, and the county seat of, Rice County, Minnesota, United States. The population was 24,453 at the 2020 census. Faribault is approximately 50 miles south of Minneapolis–Saint Paul.