There are 20 assisted living facilities serving Fairbank, Iowa. This includes 1 facility in Fairbank and 19 nearby. The daily costs of assisted living in Iowa range from $31 to $287, with an average expenditure running about $114. The monthly expense averages around $3,418 and ranges between $930 and $8,620. Annually, the average cost is around $41,016, which is below the nationwide average of $42,000.
SeniorScore™ for Fairbank, Iowa
The SeniorScore™ is calculated based on over 100 variables, some of which are shown below. The final score is curved based on a linear curving method. For More info visit senioradvice.com/seniorscore.
- Fairbank scores lower than the Iowa average of 75.
- Fairbank scores higher than the national average of 72.
- There is a low number of Medicare registered physicians within the city limits.
- There is 1 hospital within close range of the city (Mercy Hospital Of Franciscan Sisters-oelwein).
- There are 8 senior living facilities in close proximity to the city, including Parkview Assisted Living, Arlington Place of Oelwein, and Oelwein Health Care Center.
- There is a very low number of home healthcare providers operating in the city.
- There is an average number of fire stations serving the city.
- The average life expectancy is 79.7, compared to the national average of 78.6.
- There are 12 pharmacies within close range of the city.
- The city has a low percentage of seniors in the population (25% of residents).
- There are 26 golf courses in or around the city, including Lakeview Golf Course, Hickory Grove Golf Club, and Gates Park Municipal Golf Course.
- There are 4 parks near the city center, including Lakeshore RV Resort, Fontana County Park, and Morwood Campground & Resort.
- There are 2 churches in or near the city (United Methodist Church and Baptist Church Dunkerton).
- There are no malls / shopping centers within close range of the city.
- There are 8 grocery stores within the city.
- There is 1 movie theatre in or near the city.
- There are 3 gyms or health clubs in or near the city.
- The property taxes average 2.22% of total income, which is significantly lower than the national average of 2.79%.
- The property taxes average 1.16% of property value, which is significantly lower than the national average of 1.09%.
- The city sales taxes averages 7.00%, which is higher than the national average of 6.97%.
- Iowa has an average state income tax of 4.60%, compared to the national average of 3.38%.
- The city's mean household income is $76,238, which is significantly higher than the national average of $64,580.
- The city's median household income is $65,761, which is significantly higher than the national median of $51,560.
- The city's per capita income is $27,382, which is higher than the national average of $25,611.
- Assisted living costs average $37,650 per year, which are low compared to national figures.
- Nursing home costs average $65,700 per year, which are very low compared to national costs.
- Adult daycare costs average $15,600 per year, which are low compared to national numbers.
- Home healthcare costs average $50,061 annually, which are high compared to national costs.
- The unemployment rate is about 4.03%, which is very low compared to national averages.
- The overall cost of living is low compared to national averages.
- 0% of the senior population are financially responsible for at least one grandchild.
- Fairbank receives low levels of rainfall each year.
- Fairbank has very harsh mean temperatures, with cold winters and pleasant summers.
- This city has above average air quality.
- Fairbank has a very sparse population density of 30.6 people per square mile.
- Residents of Fairbank have an average daily commute time.
- Fairbank has a high public school quality ranking.
- The city has a low public school safety rating.
- This city has an average graduation rate of 88.87%.
Fairbank is a small city in the State of Iowa. It is located within Buchanan County. It has a population of only 2,418, with 1,020,762 inhabitants in the encompassing statistical area. The 55-and-over community currently makes up around 25% of the overall population.
Fairbank has an above average SeniorScore™ of 72. The city has a mean per capita income of $27,000 and a mean household income is $66,000 (the Iowa state average is $52,000). The current unemployment rate is approximately 4.03% and the mean home price is $201,000, which is higher than the Iowa average of $153,000.
Fairbank has extreme average temperatures, with cold winters and pleasant summers. The area gets low levels of rain each year. Fairbank has better than average air quality ratings when compared to other cities in the United States.
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