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Cost of Living in Fairbanks, IN

Population: 324 | Indiana

98
Cost of Living Index
US Average = 100

Fairbanks is 2% less expensive than the national average.

100
Housing
100
Home Values
93
Regional Price

Cost of Living in Fairbanks, IN: What You Need to Know

With a cost of living index of 98, Fairbanks, IN is slightly more affordable than average. Living here is 2% cheaper than the national average and 19% above the Indiana state average of 78. Fairbanks is a small community of 324 residents.

The median household income in Fairbanks is $87,273, which is 16% higher than the national median of $75,149.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.

Income

Median Household Income
$87,273
vs US Median ($75,149)
+16%

Housing

Median Monthly Housing Cost
$1,227/mo
→ Best Places to Live in Indiana (2026)

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