Cost of Living in Farmers Loop, AK
Population 4,887 · Alaska · Data vintage 2023
(100 = US avg)
Small, well-paid, and production-driven — Farmers Loop sits at the intersection of rural Alaska and the state's energy economy. Median household incomes near $103,635 reflect that wage base, while housing costs track the smaller-town baseline. The labor market has been unusually tight, with unemployment around 3.0% — below most comparable cities in the state.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Farmers Loop
The median home value in Farmers Loop is $262,600 — 14% below the national median of $305,000. Median rent runs $1,298/month, 1% lower than the national median of $1,314/month. The median household income of $103,635/year is 39% higher than the US median of $74,580. The local unemployment rate is 3.0%, below the national average of 4.8%. Alaska charges no state income tax, a meaningful advantage for take-home pay. Overall, Farmers Loop has a cost of living index of 91 versus the US average of 100, meaning it is 9% less expensive.
Farmers Loop has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Farmers Loop, AK?
Farmers Loop has a cost index of 91 (100 = national average). It is 9% below the national average.
What is average rent in Farmers Loop, AK?
The median gross rent in Farmers Loop is $1,298 per month based on 2023 Census data.
What is the average home price in Farmers Loop?
The median home value in Farmers Loop is $262,600 according to 2023 Census ACS data.
What is the median income in Farmers Loop?
The median household income in Farmers Loop is $103,635 per year (2023 ACS 5-year estimates).
What is the sales tax in Farmers Loop, AK?
The combined state and local sales tax rate in Farmers Loop is 1.8%. Alaska has no state income tax.
Is Farmers Loop, AK affordable?
Farmers Loop is near the national average in terms of cost of living, with an index of 91 (100 = US average).
Farmers Loop at a Glance
- Population
- 4,887
- Median Income
- $103,635
- Home Value
- $262,600
- Median Rent
- $1,298/mo
- Unemployment
- 3.0%
- Sales Tax
- 1.8%
Nearby Cities
Explore county-level cost of living data
Alaska Rankings
Similar Cost Cities
Cities in other states with comparable housing costs