Fairbank, IA
Population 1,509 · Iowa
About Fairbank, IA
Fairbank is a small community in Iowa with a population of 1,509 residents. The median household income is $100,172 per year, which is above the national average. The median age in Fairbank is 41.2 years.
Housing in Fairbank has a median home value of $173,200 and median monthly rent of $630. Of the 569 total housing units, the majority are owner-occupied, with 475 owner-occupied and 77 renter-occupied units.
The unemployment rate in Fairbank is 2.6% and the poverty rate is 2.5%. 19.9% of residents hold a bachelor's degree or higher. The average commute time is 22.4 minutes.
Cost of Living in Fairbank, IA
Compared to national averages, Fairbank has a median household income of $100,172 (33% above the national median of $75,149). Home values average $173,200, which is 29% below the national median. Monthly rent at $630 is 46% below the US average of $1,163. Within Iowa, Fairbank's income is 47% above the state average of $67,947, and home values are 31% above the state median of $132,237.
Why Live in Fairbank, IA?
Fairbank offers a strong local economy with a median household income of $100,172, well above the national average, and affordable housing with a median home value of $173,200, below the US average of $244,900, and rent that’s lower than the national average at $630/month. Additionally, the city features a strong job market with an unemployment rate of just 2.6%, and a low poverty rate of 2.5%, better than the national average, and short commute times averaging just 22.4 minutes.
Fairbank has a population of 1,509 with a median age of 41.2 years. Compare Fairbank with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Fairbank
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sanborn | 1,510 | $56,477 | $150,900 | Compare |
| Oakland | 1,500 | $72,500 | $144,600 | Compare |
| Panora | 1,520 | $65,500 | $164,500 | Compare |
| Slater | 1,498 | $87,708 | $222,000 | Compare |
| Pocahontas | 1,536 | $56,298 | $96,600 | Compare |
| Wellman | 1,539 | $56,696 | $149,000 | Compare |
| Lenox | 1,474 | $59,750 | $106,000 | Compare |
| Manning | 1,474 | $62,310 | $109,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Fairbank
What is the population of Fairbank, IA?
The population of Fairbank, IA is 1,509 according to the latest Census data.
What is the median household income in Fairbank?
The median household income in Fairbank, IA is $100,172 per year.
What is the median home value in Fairbank?
The median home value in Fairbank, IA is $173,200.
What is the average rent in Fairbank?
The median monthly rent in Fairbank, IA is $630.
What is the unemployment rate in Fairbank?
The unemployment rate in Fairbank, IA is 2.6%.