Fairbanks, MN
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Fairbanks, MN: Quick Facts & Overview
- Population: 346 residents (2 people per sq. mi.)
- Average House Price: $266,423
- Average Household Income: $73,750
Fairbanks, MN is located in the state of Minnesota. It is home to about 346 people, with around 2 residents living in every square mile.
If you want to buy a house in Fairbanks, the average price is around $266,423. That makes local housing 2% higher than the Minnesota average of $260,056, and 14% lower than the national average of $308,592.
The average household in Fairbanks earns about $73,750 a year. This income is 10% lower than the average family in Minnesota ($82,068), and 6% lower than the national average ($78,686).
Population
346
Median Household Income
$73,750
Median Home Value
$266,423
Median Age
58.0 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $41,146 |
| Labor Force Participation | 42.5% |
| Unemployment Rate | 8.0% |
| Average Commute Time | 54.1 mins |
Housing & Community Metrics
| Home Ownership Rate | 98.8% |
| Median Rent | - |
| Rent Burdened (>30% Income) | - |
| Total Housing Units | 172 |
Additional Census & Housing Profile
Geographic Overview
| County | St. Louis |
| County FIPS | 27137 |
| Metro Area (CBSA) | Duluth, MN-WI |
| Combined Area (CSA) | Duluth-Grand Rapids, MN-WI |
| Population Density | 1.9/sq mi |
| Coordinates (lat/lng) | 47.3705, -91.9266 |
| Timezone | America/Chicago |
| National Ranking | 5 |
| Incorporated | No |
Household Structure
| Average Family Size | 2.67 |
| Dual Income Families | 49.5% |
Marital Status
| Married | 52.2% |
| Never Married | 27.0% |
| Divorced | 18.0% |
| Widowed | 2.8% |
Gender
| Male | 60.4% |
| Female | 39.6% |
Health & Poverty
| Uninsured Rate (Health) | 1.2% |
| Poverty Rate | 11.3% |
Key Population Groups
| Veterans | 12.2% |
| Disabled Population | 10.1% |
| Limited English Proficiency | - |
All ZIP Codes in Fairbanks
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 55602 | 346 | $73,750 | $266,423 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Hoyt Lakes, MN | 15.8 miles | 2,064 |
| Aurora, MN | 18.4 miles | 1,792 |
| Babbitt, MN | 18.9 miles | 1,393 |
| Biwabik, MN | 22.5 miles | 966 |
| Two Harbors, MN | 26.3 miles | 3,567 |
| Gilbert, MN | 26.3 miles | 1,697 |
| Virginia, MN | 29.2 miles | 8,332 |
| Eveleth, MN | 29.6 miles | 3,448 |
| Knife River, MN | 29.9 miles | 131 |
| Silver Bay, MN | 30.8 miles | 1,769 |
| Finland, MN | 31.2 miles | 257 |
| Rice Lake, MN | 33.8 miles | 4,153 |
| Soudan, MN | 33.8 miles | 415 |
| Tower, MN | 34.6 miles | 367 |
| Mountain Iron, MN | 34.9 miles | 2,860 |
| Ely, MN | 37.1 miles | 3,240 |
| Kinney, MN | 38.5 miles | 115 |
| Winton, MN | 39 miles | 124 |
| Buhl, MN | 40.4 miles | 1,022 |
| Hermantown, MN | 41.7 miles | 10,218 |
| Duluth, MN | 42.3 miles | 119,372 |
| Meadowlands, MN | 43 miles | 174 |
| Chisholm, MN | 45.2 miles | 4,712 |
| Proctor, MN | 45.8 miles | 3,100 |
| Brookston, MN | 47.2 miles | 103 |
| Superior, WI | 47.3 miles | 26,677 |
| Hibbing, MN | 47.8 miles | 16,057 |
| Cook, MN | 48.1 miles | 423 |
| Port Wing, WI | 48.5 miles | 148 |
| Esko, MN | 50.2 miles | 1,813 |