Fairbank is located in Buchanan county Iowa with a geographic area of 0.7 square miles. The total population in Fairbank is 1,406 with 53.5% male and 46.5% female. Children under age 5 represent 4.7% of the population, under age 18 equal 25.0% of the population and over age 65 is 16.0% of the population. The median household income is $72,500, per capita income is $34,690. There are a total of 538 housing units with 87.9% owner occupied. Education includes 36.8% of residents that are high school graduates and 14.1% with a bachelor's degree or higher. The average temperature in Fairbank in the summer is 70 degrees, and in the winter 23 degrees.