The City of Fairbank had a population of 1,178 as of July 1, 2020. Fairbank ranks in the upper quartile for Population Density and the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Iowa. See peer rankings below.
The primary coordinate point for Fairbank is located at latitude 42.6392 and longitude -92.0471 in Buchanan County. The formal boundaries for the City of Fairbank encompass a land area of 0.71 sq. miles and a water area of 0.02 sq. miles. Buchanan County is in the Central time zone (GMT -6). The elevation is 984 feet.
While the primary coordinates for City of Fairbank are located in Buchanan County, it should be noted that the formal boundaries for this community also extend into and Fayette County.
The City of Fairbank (GNIS ID: 2394725) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
|Total Population||1,178 (100%)|
|Population in Households||1,178 (100.0%)|
|Population in Families||1,026 (87.1%)|
|Population in Group Quarters1||0|
|Median Household Income||$66,830|
|Average Household Income||$89,479|
|% of Income for Mortgage4||10%|
|Per Capita Income||$30,759|
|Total HU (Housing Units)||531 (100%)|
|Owner Occupied HU||391 (73.6%)|
|Renter Occupied HU||99 (18.6%)|
|Vacant Housing Units||41 ( 7.7%)|
|Median Home Value||$155,909|
|Average Home Value||$181,458|
|Housing Affordability Index3||258|
|Average Household Size||2.4|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.01%|
|Per Capita Income||2.32%|
|Owner Occupied HU||0.41%|
The table below compares Fairbank to the other 1,008 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 249||75th|
|Population Density||# 61||94th|
|Median Household Income||# 299||70th|
|Housing Affordability Index||# 558||55th|
|Per Capita Income||# 477||53rd|
|Diversity Index||# 824||18th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Iowa Census Data Comparison Tool.