Fairbank, IA 50629 is a small town with plenty of charm. Locally owned businesses such as Big Larry's Pub & Grub, The Bakery and Country Crafts Shoppe, and Kibble’s Total Flooring make this town unique. The cost of a two bedroom rental in Fairbank is relatively low at $1,040 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Fairbank is 96 compared to 100 in the US. Overall Fairbank makes for an affordable yet comfortable home for those looking to move away from large cities.
Fairbank (zip 50629) has an unemployment rate of 4.2%. The US average is 6.0%.
Fairbank (zip 50629) has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Fairbank (zip 50629)
- The Sales Tax Rate for Fairbank (zip 50629) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fairbank (zip 50629) is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fairbank (zip 50629)
- The average income of a Fairbank (zip 50629) resident is $30,103 a year. The US average is $37,638 a year.
- The Median household income of a Fairbank (zip 50629) resident is $93,342 a year. The US average is $69,021 a year.