Housing costs in Fairbank?
A typical home costs
$209,700, which is 38.0% less expensive than the national average of
$338,100 and 7.6% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Fairbank costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 10.6% more than the state average of
$930.
Can I afford Fairbank?
To live comfortably in Fairbank (zip 50629), Iowa, a minimum annual income of
$40,320 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Fairbank?
The cost of living in 50629 Fairbank, IA is relatively low compared to many other areas in the country. Housing in this area is very affordable with median home values around $113,000. The unemployment rate is also quite low at 3.6%, and the average income for a household here is about $52,000. Groceries, healthcare, utilities, and transportation expenses are all lower than the national averages as well. Overall, this makes 50629 Fairbank, IA an attractive place to live for those looking for a place to call home with an affordable cost of living.