Housing costs in Fairbank?
A typical home costs
$194,600, which is 42.4% less expensive than the national average of
$338,100 and 0.2% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Fairbank costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and 8.8% more than the state average of
$930.
Can I afford Fairbank?
To live comfortably in Fairbank, Iowa, a minimum annual income of
$37,440 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Fairbank?
Fairbank, IA has a cost of living that is moderately lower than the U.S. average, making it an attractive place for those looking to move to an affordable rural area. Housing prices are well below the national average and the cost of food, healthcare, transportation, and other basic necessities are also lower in Fairbank than elsewhere in the country. While incomes are slightly below average, overall costs of living remain relatively low, making Fairbank an ideal destination for budget-minded families or retirees looking to save money while still enjoying small-town life.