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The total population of Fairchance is estimated to be 1,657 with 797 males (48.10%) and 860 females (51.90%). There are 63 more females than males in Fairchance.
The median household income in Fairchance was $43,601 in 2021, which marked an a decrease of 5,543(11.28%) from $49,144 in 2020. This income is 58.44% 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, Fairchance sees its highest median household income among householders in the age group of 45 to 64 years old, at $73,155. Overall, the median household income for the borough of Fairchance stands at $43,601.
In Fairchance, the median income for all workers aged 15 years and older, regardless of work hours, was $34,042 for males and $23,301 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $38,012 for males and $36,425 for females.
In Fairchance, there are just two different racial groups among households. Among these, White households report a median household income of $44,223, while Two or More Races households have a median household income of $23,240.
In 2022, the population of Fairchance was 1,854, a 0.91% decrease year-by-year from 2021. Previously, in 2021, Fairchance's population was 1,871, a decline of 1.01% compared to a population of 1,890 in 2020.
The median age in Fairchance, PA is 41.2, as per 2021 ACS 5-Year Estimates. Of the total population, 20.04% were under the age of 15, 16.90% aged 15 to 29, 44.32% aged 30 to 64, 14.55% aged 65 to 84, and 4.19% were 85 years of age and older.
Racial distribution of Fairchance population: 90.06% are White, 4.76% are Black or African American, 0.21% are Asian and 4.97% are multiracial.