Living in Fairfax, Iowa
Cost of living, income, home prices, rent and demographics of Fairfax · Census data 2020–2024
Fairfax has 2,900 residents with a median age of 38.5. The median household income is $114,375 (52% higher than the Iowa median), the median home value is $274,500, the median rent is $1,366/month.
Fairfax at a glance
- Population
- 2,900
- Median age
- 38.5State: 38.6
- Median household income
- $114,375State: $75,059
- Median home value
- $274,500State: $208,000
- Median rent
- $1,366/moState: $972
- Homeowners
- 92.4%
- Bachelor's degree or higher
- 35.1%
- Average commute
- 22 min
Is Fairfax a good place to live?
Pros: Median household income 52% higher than the Iowa median; unemployment of 1.8%; a poverty rate of 6.2%.
Cons: Home values 32% higher than the state median; an average commute of 22 minutes.
The weather is best in June to September.
Cost of living in Fairfax
Housing is the biggest part of the cost of living. In Fairfax the median home value is $274,500, 17% lower than the U.S. median. Renters pay a median of $1,366 per month, which is 27.3% of household income. Homeowners with a mortgage pay $1,809 a month in housing costs.
Fairfax median household income
The median household income in Fairfax is $114,375 and the income per person is $46,859. 6.2% of residents live below the poverty line (Iowa: 11.1%).
Housing in Fairfax: homes for sale and rent
- Housing units
- 1,046
- Owner-occupied
- 92.4%
- Renter-occupied
- 7.6%
- Vacant
- 2.7%Includes seasonal homes
- Median year built
- 2004
- Average household size
- 2.85
Fairfax demographics
- Population
- 2,900
- Median age
- 38.5
- Under 18
- 27.8%
- 65 and older
- 13.8%
- Households
- 1,018
- Foreign-born
- 3.6%
- Veterans
- 7.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Fairfax ›
Education in Fairfax
35.1% of adults 25 and older in Fairfax have a bachelor's degree or higher (Iowa: 31.4%), and 10.2% have a graduate or professional degree.
Jobs and commute in Fairfax
- Unemployment rate
- 1.8%State: 3.6%
- Average commute
- 22 minState: 20 min
- Work from home
- 21.1%
- Drive alone
- 73.9%
- Public transit
- 0.6%
- Walk to work
- 0%
- Homes with broadband
- 95.6%
Fairfax vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fairfax | 2,900 | $114,375 | $274,500 | $1,366 |
| Walford | 1,329 | $128,750 | $303,000 | — |
| Cedar Rapids | 137,264 | $70,424 | $187,100 | $967 |
| Atkins | 2,225 | $112,138 | $314,900 | $604 |
| Swisher | 1,182 | $100,577 | $260,300 | $1,114 |
| Norway | 546 | $76,667 | $158,400 | $1,073 |
| Shueyville | 740 | $123,333 | $574,800 | — |
| Palo | 1,438 | $106,375 | $282,400 | $717 |
| Amana | 755 | $145,903 | $248,400 | $623 |
More for people moving to Fairfax
Fairfax ZIP code ›Weather and climate ›Living in Fairfax: FAQ
What is the median household income in Fairfax, IA?
The median household income in Fairfax is $114,375, 52% 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 Fairfax?
The median home value in Fairfax is $274,500, compared with $208,000 in Iowa.
How much is rent in Fairfax?
The median gross rent in Fairfax is $1,366 per month, about 27.3% of household income.
Is Fairfax, IA a good place to live?
Pluses: median household income 52% higher than the Iowa median; unemployment of 1.8%; a poverty rate of 6.2%. Minuses: home values 32% higher than the state median; an average commute of 22 minutes.
What is the median age in Fairfax?
The median age in Fairfax is 38.5 years (Iowa: 38.6).
How long is the commute in Fairfax?
The average commute to work in Fairfax is 22 minutes; 21.1% of workers work from home.
What is the unemployment rate in Fairfax?
The unemployment rate in Fairfax is 1.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fairfax?
35.1% of adults in Fairfax 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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