What are the schools like in Fairbanks, IN?

School district data for Fairbanks is sourced from the National Center for Education Statistics (NCES).

What is the median household income in Fairbanks?

The median household income in Fairbanks, IN is $96,563 according to the most recent US Census American Community Survey 5-year estimates. The unemployment rate is 26.9%.

What is the weather like in Fairbanks, IN?

Fairbanks has an average high temperature of 37.7°F in January and 86.5°F in July. Annual precipitation averages 45.2 inches and annual snowfall averages 15.1 inches.

Fairbanks, IN Cost of Living, Crime & Is It a Good Place to Live? (2026)

Q: Is Fairbanks, IN affordable or expensive?

Fairbanks's cost of living index is 88, where 100 represents the national average. This means Fairbanks is 12% less expensive than the average US city. The median home value is $151,700 and the median rent is N/A per month.

Q: What is the crime rate in Fairbanks, IN?

Fairbanks has a violent crime rate of 106.4 incidents per 100,000 residents and a property crime rate of 503.2 per 100,000. The national average violent crime rate is approximately 380 per 100,000.

Is Fairbanks, IN a Good Place to Live?

Fairbanks is a small town of 329 in Indiana, with a median household income of $96,563 and a 26.9% unemployment rate. Its cost of living index is 88 (US average = 100), which is 12% below the national average.

Strengths: Fairbanks stands out for an affordable cost of living, below-average home prices.

Trade-offs: Potential downsides include longer commutes, an elevated unemployment rate. Whether Fairbanks is right for you depends on your priorities — the full breakdown is below.

All Fairbanks city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 88.2

Fairbanks's overall cost of living index is 88.2, where 100 represents the US national average. Living in Fairbanks costs roughly 12% less than the average American city.

Metric	Fairbanks, IN	National Avg
Median Home Value	$151,700	$244,900
Median Monthly Rent	N/A	$1,163
Homeownership Rate	100.0%	65.9%
Median Household Income	$96,563	$74,755

Crime & Safety

Very Safe

Fairbanks's violent crime rate is 106.4 per 100,000 residents — 72% lower than the national average of ~380 per 100,000.

Violent Crime

106.4 /100k

Property Crime

503.2 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Metric	Fairbanks, IN	National Avg
School District	N/A	—
Elementary Schools	N/A	—
Middle Schools	N/A	—
High Schools	N/A	—
Student/Teacher Ratio	N/A	16:1
Bachelor's Degree or Higher	0.0%	35.4%
High School Diploma or Higher	100.0%	91.1%

Weather & Climate

Fairbanks sees average highs of 37.7°F in January and 86.5°F in July, with 45.2 inches of annual precipitation and 15.1 inches of snow per year.

Metric	Fairbanks, IN
Average High — January	37.7°F
Average High — July	86.5°F
Annual Precipitation	45.2"
Annual Snowfall	15.1"

Demographics

Metric	Fairbanks, IN	National Avg
Population	329	—
Median Age	24.6	38.9
Unemployment Rate	26.9%	3.7%
Avg Commute Time	35.6 min	26 min
White (non-Hispanic)	79.6%	59.3%
Black or African American	20.4%	13.6%
Hispanic or Latino	0.0%	18.9%
Asian	0.0%	6.3%
Under 18	8.5%	22.2%
65 and over	1.8%	16.8%

Nearby Cities

Prairie Creek, IN 4 mi Graysville, IN 7 mi Shelburn, IN 7 mi West Union, IL 8 mi Farmersburg, IN 8 mi

Fairbanks vs Other Cities

Fairbanks, IN vs Prairie Creek, IN Fairbanks, IN vs Graysville, IN Fairbanks, IN vs Shelburn, IN Fairbanks, IN vs West Union, IL Fairbanks, IN vs Farmersburg, IN

Frequently Asked Questions

Is Fairbanks, IN affordable or expensive?

Fairbanks's cost of living index is 88, where 100 is the national average. That makes Fairbanks roughly 12% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $151,700 and median rent is N/A/month.

What is the crime rate in Fairbanks, IN?

Fairbanks's violent crime rate is 106.4 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 503.2 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.

What are the schools like in Fairbanks?

School district information is sourced from NCES Common Core of Data.

Is Fairbanks, IN a good place to live?

Fairbanks, IN has a population of 329, a median household income of $96,563, and an unemployment rate of 26.9%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.

What is the weather like in Fairbanks?

Fairbanks averages 37.7°F in January and 86.5°F in July. Annual rainfall is 45.2 inches with about 15.1 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).

What is the population of Fairbanks?

The population of Fairbanks, Indiana is 329 with a median age of 24.6. Source: US Census ACS 5-Year Estimates.

What are the pros and cons of living in Fairbanks?

Key numbers for living in Fairbanks: cost of living index 88 (100 = US average), median home $151,700, median household income $96,563, crime index 26 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Fairbanks side by side with your current city to see the trade-offs.