Living in Fairbank, Iowa
Cost of living, income, home prices, rent and demographics of Fairbank · Census data 2020–2024
Fairbank has 1,275 residents with a median age of 42.1. The median household income is $89,712 (20% higher than the Iowa median), the median home value is $186,900, the median rent is $686/month.
Fairbank is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Fairbank at a glance
- Population
- 1,275
- Median age
- 42.1State: 38.6
- Median household income
- $89,712State: $75,059
- Median home value
- $186,900State: $208,000
- Median rent
- $686/moState: $972
- Homeowners
- 80.3%
- Bachelor's degree or higher
- 19.5%
- Average commute
- 26 min
Is Fairbank a good place to live?
Pros: Median household income 20% higher than the Iowa median; home values 10% lower than the state median; unemployment of 1.4%; a poverty rate of 4.1%.
Cons: An average commute of 26 minutes.
The weather is best in June to September.
Cost of living in Fairbank
Housing is the biggest part of the cost of living. In Fairbank the median home value is $186,900, 44% lower than the U.S. median. Renters pay a median of $686 per month, which is 19% of household income. Homeowners with a mortgage pay $1,470 a month in housing costs.
Fairbank median household income
The median household income in Fairbank is $89,712 and the income per person is $40,260. 4.1% of residents live below the poverty line (Iowa: 11.1%).
Housing in Fairbank: homes for sale and rent
- Housing units
- 533
- Owner-occupied
- 80.3%
- Renter-occupied
- 19.7%
- Vacant
- 4.9%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.51
Fairbank demographics
- Population
- 1,275
- Median age
- 42.1
- Under 18
- 25.6%
- 65 and older
- 16.7%
- Households
- 507
- Foreign-born
- 1.7%
- Veterans
- 7.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Fairbank ›
Education in Fairbank
19.5% of adults 25 and older in Fairbank have a bachelor's degree or higher (Iowa: 31.4%), and 4.1% have a graduate or professional degree.
Jobs and commute in Fairbank
- Unemployment rate
- 1.4%State: 3.6%
- Average commute
- 26 minState: 20 min
- Work from home
- 9.7%
- Drive alone
- 82.1%
- Public transit
- 0%
- Walk to work
- 0.6%
- Homes with broadband
- 90.9%
Fairbank vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fairbank | 1,275 | $89,712 | $186,900 | $686 |
| Oelwein | 5,834 | $46,653 | $96,300 | $847 |
| Hazleton | 720 | $51,964 | $85,900 | $794 |
| Dunkerton | 821 | $86,413 | $189,700 | $514 |
| Westgate | 178 | $53,750 | $78,300 | $1,036 |
| Readlyn | 736 | $86,103 | $168,400 | $588 |
| Jesup | 2,561 | $89,408 | $190,200 | $933 |
| Maynard | 471 | $55,583 | $132,100 | $629 |
| Independence | 6,164 | $73,806 | $165,300 | $820 |
More for people moving to Fairbank
Fairbank ZIP code ›Weather and climate ›Living in Fairbank: FAQ
What is the median household income in Fairbank, IA?
The median household income in Fairbank is $89,712, 20% higher than the Iowa median of $75,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Fairbank?
The median home value in Fairbank is $186,900, compared with $208,000 in Iowa.
How much is rent in Fairbank?
The median gross rent in Fairbank is $686 per month, about 19% of household income.
Is Fairbank, IA a good place to live?
Pluses: median household income 20% higher than the Iowa median; home values 10% lower than the state median; unemployment of 1.4%; a poverty rate of 4.1%. Minuses: an average commute of 26 minutes.
What is the median age in Fairbank?
The median age in Fairbank is 42.1 years (Iowa: 38.6).
How long is the commute in Fairbank?
The average commute to work in Fairbank is 26 minutes; 9.7% of workers work from home.
What is the unemployment rate in Fairbank?
The unemployment rate in Fairbank is 1.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fairbank?
19.5% of adults in Fairbank have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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