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The total population of Fairbank is estimated to be 1,490 with 785 males (52.68%) and 705 females (47.32%). There are 80 less females than males in Fairbank.
The median household income in Fairbank was $92,649 in 2021, which marked an an increase of 10,496(12.78%) from $82,153 in 2020. This income is 124.18% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Fairbank sees its highest median household income among householders in the age group of 45 to 64 years old, at $100,218. Overall, the median household income for the city of Fairbank stands at $92,649.
In Fairbank, the median income for all workers aged 15 years and older, regardless of work hours, was $48,641 for males and $28,700 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $70,918 for males and $46,921 for females.
In Fairbank, population is primarily represented by White households, reporting a median income of $86,265.
In 2022, the population of Fairbank was 1,123, a 0.72% increase year-by-year from 2021. Previously, in 2021, Fairbank's population was 1,115, an increase of 0.54% compared to a population of 1,109 in 2020.
The median age in Fairbank, IA is 38.9, as per 2021 ACS 5-Year Estimates. Of the total population, 22.75% were under the age of 15, 19.88% aged 15 to 29, 45.63% aged 30 to 64, 11.21% aged 65 to 84, and 0.52% were 85 years of age and older.
Racial distribution of Fairbank population: 91.07% are White, 0.07% are American Indian and Alaska Native, 0.59% are Native Hawaiian and other Pacific Islander and 8.28% are multiracial.