Fairbank city, Iowa Demographics & Population 2026
As of 2026, Fairbank city, Iowa has a total population of 1,509, the 214th largest city in Iowa, with a median household income of $100,172, which is 37% higher than the state average. The poverty rate is 2.5%.
Key Takeaways
- Household income is 37% above the state average — one of the wealthiest communities in Iowa.
- An exceptionally low poverty rate of 2.5% — among the lowest in Iowa.
- Housing is very affordable with a home-value-to-income ratio of just 1.7x.
Fairbank city Quick Facts
How Fairbank city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 30 | National average: 60
Education
Educational Attainment (Adults 25+)
Fairbank city Rankings in Iowa
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Cities Similar to Fairbank city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Slater city | 1,498 | $87,708 | $222,000 | 34.0% | 5.4% |
| Earlham city | 1,406 | $104,464 | $248,400 | 28.9% | 4.6% |
| Roland city | 1,458 | $84,779 | $173,100 | 32.6% | 0.6% |
| Urbana city | 1,628 | $112,672 | $224,100 | 28.8% | 8.9% |
| Traer city | 1,464 | $79,653 | $131,900 | 29.3% | 10.1% |
Population Overview
Fairbank city is a small community located in Iowa. The total population is 1,509. It ranks as the 214th most populous out of 1,018 cities and towns in Iowa.
Age Demographics
The median age in Fairbank city is 41.2 years. This is 7% higher than the state median of 38.6 years. With 29.5% of the population under 18, Fairbank city has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Fairbank city is $100,172. This is 37% higher than the state median of $73,147. Compared to the national median of $78,538, household income here is 28% higher. The poverty rate stands at 2.5%. This is 78% lower than the state poverty rate of 11.0%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 2.6%. This is 29% lower than the state rate of 3.6%. The median home value is $173,200. Housing costs are 12% lower than the state median of $195,900. With a home-value-to-income ratio of just 1.7x, Fairbank city is one of the most affordable housing markets in the area. 86.1% of occupied housing units are owner-occupied. This homeownership rate is 20% higher than the state average of 71.5%.
Race & Ethnicity
Fairbank city has a predominantly White (non-Hispanic) population, comprising 91.3% of all residents. Black or African American residents account for 0.4%. The Black or African American population (0.4%) is well below the state average of 3.8%.
Education
19.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 35% lower than the state rate of 30.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.9%.
Data Sources & Methodology
All demographic data for Fairbank city, Iowa is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Iowa state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,018 Census-designated places in Iowa. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Fairbank city, Iowa?
Fairbank city, Iowa has a population of 1,509 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Fairbank city, IA?
The median household income in Fairbank city is $100,172, which is 28% higher the national median of $78,538.
What is the poverty rate in Fairbank city, IA?
The poverty rate in Fairbank city is 2.5%. This means approximately 37 residents live below the federal poverty line.
What is the racial makeup of Fairbank city, Iowa?
Fairbank city's population is 91.3% White, 0.4% Black, 0.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Fairbank city, IA?
The median home value in Fairbank city is $173,200. The home-value-to-income ratio is 1.7x.
How educated is Fairbank city, Iowa?
19.9% of adults (25+) in Fairbank city hold a bachelor's degree or higher, and 4.8% hold a graduate or professional degree.