Fairbanks, Indiana Population 2024

694

Fairbanks is a city located in Indiana. Fairbanks has a 2024 population of 694. Fairbanks is currently declining at a rate of -0.72% annually and its population has decreased by -2.39% since the most recent census, which recorded a population of 711 in 2020.

The average household income in Fairbanks is $110,956 with a poverty rate of 10.88%. The median rental costs in recent years comes to - per month, and the median house value is -. The median age in Fairbanks is 27.6 years, 27.1 years for males, and 30.6 years for females.

Fairbanks Demographics

According to the most recent ACS, the racial composition of Fairbanks was:

  • White: 80.5%
  • Two or more races: 12.28%
  • Black or African American: 7.22%
  • Native American: 0%
  • Asian: 0%
  • Native Hawaiian or Pacific Islander: 0%
  • Other race: 0%
State
Indiana
Land Area (mi²)
41.0 sq mi
Density (mi²)
16.90/sq mi
Growth Since 2020
-2.39% (-17)
The current population of Fairbanks, Indiana is 694 based on our projections of the latest US Census estimates.The last official US Census in 2020 recorded the population at 711.

Fairbanks, Indiana Population 2024

Population by Race

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Race
Population
Percentage (of total)
White74780.5%
Two or more races11412.28%
Black or African American677.22%
Native American00%
Asian00%
Native Hawaiian or Pacific Islander00%
Other race00%

White

Two or more races

Black or African American

Native American

Asian

Native Hawaiian or Pacific Islander

Other race

Fairbanks Population by Race

Fairbanks Population Pyramid 2024

Fairbanks Median Age

27.6

Total

27.1

Male

30.6

Female

Fairbanks Adults

There are 754 adults, (120 of whom are seniors) in Fairbanks.

Fairbanks Age Dependency

46.4

Age Dependency Ratio

18.9

Old Age Dependency Ratio

27.4

Child Dependency Ratio

Fairbanks Sex Ratio

Female45649.14%
Male47250.86%

Fairbanks Population by Age

Fairbanks Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All2953.1584.115.9
Married1443.7781.318.8
Non Family73072.627.4
Male413.461000
Female374.591000

3.2

Average Family Size

3.15

Average Household Size

84.1%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

Fairbanks Households and Families

Male

Female

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Less Than 9th Grade

9th to 12th Grade

High School Graduate

Some College

Associates Degree

Bachelors Degree

Graduate Degree

Fairbanks Educational Attainment by Sex (over 25)

Fairbanks Educational Attainment by Race

High School Graduation Rate

Bachelors Rate

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The highest rate of high school graduation is among hispanic people with a rate of 100%.

The highest rate of bachelors degrees is among white people with a rate of 16.27%.

Fairbanks Educational Attainment by Race

All

Male

Female

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$59,063

Average Earnings

$69,107

Average Male

$45,938

Average Female

Fairbanks Earnings by Educational Attainment

Fairbanks Language by Age

Only English

Spanish

Other Indo-European Languages

Asian and Pacific Island Languages

Other Languages

Fairbanks Language

98.15% of Fairbanks residents speak only English, while 1.85% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 1.85% of the population.

Fairbanks Language

Fairbanks Poverty by Race

rate

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Name
Total
In Poverty
Poverty Rate
Black6767100%
Multiple1142017.54%
White69281.16%

10.88%

Overall Poverty Rate

6.18%

Male Poverty Rate

15.95%

Female Poverty Rate

Poverty in Fairbanks

The race most likely to be in poverty in Fairbanks is Black, with 100% below the poverty level.

The race least likely to be in poverty in Fairbanks is White, with 1.16% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 0%. Among those working part-time, it was 34.72%, and for those that did not work, the poverty rate was 14.58%.

Fairbanks Poverty

rate

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Rate
Poverty
Less Than 9th Grade44.44%
High School0%
Some College0%
Bachelors or Greater0%

Fairbanks Poverty Rate by Education

rate

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Rate
Poverty
Male Employed0%
Male Unemployed0%
Female Unemployed71.28%
Female Employed0%

Fairbanks Poverty Rate by Employment Status and Sex

Fairbanks Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

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mean

median

Income by Household Type

Fairbanks Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

41.3%

Overall Marriage Rate

37.1%

Male Marriage Rate

45.5%

Female Marriage Rate

Fairbanks Married by Age and Sex

male

female

Fairbanks Marriage

The age group where males are most likely to be married is 35-44, while the female age group most likely to be married is 35-44.

Fairbanks Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

Fairbanks Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

49

Number of Veterans

49

Male Veterans

0

Female Veterans

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Fairbanks Veterans by War

count

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Fairbanks Veterans by Age

count

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Fairbanks Veterans by Race

Fairbanks Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

16.33%

Veteran Poverty Rate

10.2%

Veteran Disability Rate

Fairbanks Veterans by Education

LaborForceParticipation

73.7%

Labor Force Participation

61.5%

Employment Rate

16.6%

Unemployment Rate

Fairbanks Employment by Age

LaborForceParticipation

Fairbanks Employment by Race

LaborForceParticipation

Fairbanks Employment by Education

Origin of Non-Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.

Origin of Naturalized Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

76.62%

Born in Fairbanks

97.41%

Native Born

2.59%

Foreign Born

0%

Non Citizen

2.59%

Naturalized

Place of Birth

97.41% of Fairbanks residents were born in the United States, with 76.62% having been born in Indiana. 0% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.

Fairbanks Place of Birth

Note: data after 2022 is projected based on recent change

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Year
Population
Growth
Growth Rate
2029669-5-0.74%
2028674-5-0.74%
2027679-5-0.73%
2026684-5-0.73%
2025689-5-0.72%
2024694-5-0.72%
2023699-5-0.71%
2022704-5-0.71%
2021709-2-0.28%
2020711142.01%
2019697-5-0.71%
2018702-5-0.71%
2017707-1-0.14%
2016708-6-0.84%
2015714-4-0.56%
2014718-4-0.55%
2013722-4-0.55%
201272610.14%
2011725-6-0.82%
201073100%

Fairbanks Population by Year