Fairbank, IA vs Hampton, IA

Hampton is moderately more affordable than Fairbank, with a 8.6% lower cost of living index. Fairbank scores 64 compared to 59 for Hampton, where the US average is 100. This difference means residents of Fairbank can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Fairbank is $630/month compared to $649/month in Hampton — a 3% difference. Interestingly, home values tell a different story: while Fairbank has cheaper rent, Hampton actually has lower median home values ($91,900 vs $173,200).

Median household income in Fairbank is $100,172 compared to $48,922 in Hampton (+104.8%). While Fairbank is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fairbank spend roughly 7.5% of their income on rent, less than the 15.9% in Hampton.