| Index | Fairbank | Iowa | National |
| Average Test Scores | 59% | 69% | 48% |
| Student/Teacher ratio | 19:1 | 13:1 | 16:1 |
| Total public schools | 6 | 1,101 | 79,221 |
| Total private schools | n/a | 208 | 24,874 |
| Total post-secondary schools | n/a | 96 | 7,963 |
| Index | Fairbank | Iowa | National |
| Completed 8th grade | 94.1% | 89.2% | 84.3% |
| Completed high school | 93.0% | 87.7% | 83.0% |
| Completed some college | 53.8% | 59.8% | 59.4% |
| Completed associate degree | 27.8% | 38.4% | 38.5% |
| Completed bachelors | 16.2% | 27.2% | 30.3% |
| Completed masters | 1.9% | 8.7% | 11.5% |
| Completed professional degree | 1.0% | 2.7% | 3.3% |
| Completed doctorate | 0.4% | 1.1% | 1.3% |
There are a total of 6 public schools, n/a private schools and n/a post-secondary schools in Fairbank. Using the proficiency score averages, the average test scores for Fairbank, IA schools is 59%. The average student to teacher ratio is 19:1. In Fairbank, IA, an average of 94.1% of students have completed 8th grade and an average of 93.0% have completed high school.
| City | Population | Avg. Test Scores | National Avg. |
| Denver, IA | 1,759 | 90% | 87.2% |
| Readlyn, IA | 804 | 85% | 76.0% |
| Sumner, IA | 2,224 | 71% | 47.9% |
| Jesup, IA | 2,725 | 71% | 47.6% |
| Maynard, IA | 506 | 70% | 45.3% |
| Fairbank, IA | 1,406 | 59% | 23.2% |
| City | Population | Avg. Test Scores | National Avg. |
| Big Sandy, TX | 1,406 | 44% | 9.1% |
| Shattuck, OK | 1,407 | 36% | 25.0% |
| Shell Lake, WI | 1,405 | 38% | 20.3% |
| Sumas, WA | 1,405 | 62% | 29.2% |
| Ravenna, MI | 1,405 | 44% | 9.0% |
| Fairbank, IA | 1,406 | 59% | 23.2% |
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