Cost of Living in Fairbank, IA

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A+
12%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
29%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Fairbank Iowa National
Cost of living8889100
Groceries9697100
Health care9896100
Housing7174100
Transportation9897100
Utilities9695100
Lifestyle & Entertainment9495100
Household Items9997100
Education & Childcare9094100
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Homes For Sale In Fairbank, IA

property for sale

506 Cedar Dr

Fairbank, IA
property for sale

603 Fairbank St

Fairbank, IA
property for sale

206 N 5th St

Fairbank, IA
property for sale

410 Lakeside Dr

Fairbank, IA
See the Newest Homes For Sale In Fairbank, IA

Cost Of Living Quick Facts

  • The cost of living in Fairbank is 1% lower than the Iowa average
  • The cost of living in Fairbank is 12% lower than the national average
  • Fairbank housing is 29% lower than the national average
  • Iowa general sales tax is 18% higher than the national average
  • Iowa state income tax is 69% higher than the national average

Most Affordable Places to Live in and Around Fairbank

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Compare Fairbank, IA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$119,392$9,949$2,786$3,582
      Renters$51,202$4,267$1,195$1,536

      Iowa Sales Tax

      State General Sales Tax With Max Surtax
      Iowa 6% 7%

      Iowa Income Tax

      State Income Tax (Low) Income Tax (High)
      Iowa 4.4% 6%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Stanley, IA1337525.1%
      Westgate, IA2208020.1%
      Hazleton, IA7918118.6%
      Sumner, IA2,2758317.2%
      Maynard, IA5268317.2%
      Fairbank, IA1,4608811.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Tuolumne City, CA1,46011919.4%
      Pine Knot, KY1,4608118.8%
      Stockbridge, MI1,4608911.5%
      New Rockford, ND1,4608415.5%
      Brookside Village, TX1,460991.0%
      Fairbank, IA1,4608811.7%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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