Fairbank, IA vs Stanhope, IA

Stanhope is moderately more affordable than Fairbank, with a 11.2% lower cost of living index. Fairbank scores 64 compared to 58 for Stanhope, 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 $564/month in Stanhope — a 12% difference. Home values follow the same pattern: Stanhope is more affordable at $106,400 median vs $173,200.

Median household income in Fairbank is $100,172 compared to $64,479 in Stanhope (+55.4%). 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 10.5% in Stanhope.