Fairbanks, IN
Population 324 · Indiana
About Fairbanks, IN
Fairbanks is a small community located in Indiana with a population of 324 residents according to the latest US Census Bureau American Community Survey data. The median household income is $87,273 per year, which is 16% above the national median of $75,149. The median age of 26.7 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Fairbanks features a median home value of $0, which is 100% below the national median of $244,900. This makes Fairbanks one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 84 total housing units, 100% are owner-occupied (84 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fairbanks shows an unemployment rate of 29.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 20.7%, above the national average of 12.4%. Workers in Fairbanks have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
0.0% of Fairbanks residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Fairbanks, IN
Compared to national averages, Fairbanks has a median household income of $87,273 (16% above the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Fairbanks's income is 26% above the state average of $69,330, and home values are 100% below the state median of $163,409.
Why Live in Fairbanks, IN?
Fairbanks offers a strong local economy with a median household income of $87,273, well above the national average, and affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features short commute times averaging just 0 minutes.
Fairbanks has a population of 324 with a median age of 26.7 years. Compare Fairbanks with other cities to see how it stacks up, or explore all cities in Indiana.
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Cities in Indiana with a similar population size.
Demographics
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Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Fairbanks
What is the population of Fairbanks, IN?
The population of Fairbanks, IN is 324 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Fairbanks?
The median household income in Fairbanks, IN is $87,273 per year, which is 16% above the national median of $75,149.
What is the median home value in Fairbanks?
The median home value in Fairbanks, IN is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fairbanks?
The median monthly rent in Fairbanks, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Fairbanks?
The unemployment rate in Fairbanks, IN is 29.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Fairbanks, IN a good place to live?
Fairbanks offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 324 and a median age of 26.7, the city appeals to young professionals and families.
How educated is Fairbanks, IN?
0.0% of residents in Fairbanks aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Fairbanks?
Key cost-of-living indicators for Fairbanks, IN: median home value is $0 (100% below national), median rent is $0/month, and median household income is $87,273. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Fairbanks?
The poverty rate in Fairbanks, IN is 20.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Fairbanks, IN?
Fairbanks's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 20.7% two or more races. 0.0% of residents are foreign-born.