Living in Farm Loop, Alaska
Cost of living, income, home prices, rent and demographics of Farm Loop · Census data 2020–2024
Farm Loop has 2,894 residents with a median age of 40.2. The median household income is $119,375 (29% higher than the Alaska median), the median home value is $431,300, the median rent is $1,991/month.
Farm Loop at a glance
- Population
- 2,894
- Median age
- 40.2State: 35.8
- Median household income
- $119,375State: $92,788
- Median home value
- $431,300State: $352,900
- Median rent
- $1,991/moState: $1,419
- Homeowners
- 88.3%
- Bachelor's degree or higher
- 37.4%
- Average commute
- 29 min
Is Farm Loop a good place to live?
Pros: Median household income 29% higher than the Alaska median; a poverty rate of 5.7%.
Cons: Home values 22% higher than the state median; an average commute of 29 minutes; unemployment of 7.3%.
The weather is best in May to August.
Cost of living in Farm Loop
Housing is the biggest part of the cost of living. In Farm Loop the median home value is $431,300, 30% higher than the U.S. median. Renters pay a median of $1,991 per month, which is 43.9% of household income. Homeowners with a mortgage pay $2,278 a month in housing costs.
Farm Loop median household income
The median household income in Farm Loop is $119,375 and the income per person is $45,382. 5.7% of residents live below the poverty line (Alaska: 10.1%).
Housing in Farm Loop: homes for sale and rent
- Housing units
- 1,014
- Owner-occupied
- 88.3%
- Renter-occupied
- 11.7%
- Vacant
- 3%Includes seasonal homes
- Median year built
- 1999
- Average household size
- 2.93
Farm Loop demographics
- Population
- 2,894
- Median age
- 40.2
- Under 18
- 24.5%
- 65 and older
- 14.7%
- Households
- 984
- Foreign-born
- 2.2%
- Veterans
- 15.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Farm Loop ›
Education in Farm Loop
37.4% of adults 25 and older in Farm Loop have a bachelor's degree or higher (Alaska: 31.7%), and 15.5% have a graduate or professional degree.
Jobs and commute in Farm Loop
- Unemployment rate
- 7.3%State: 5.9%
- Average commute
- 29 minState: 19 min
- Work from home
- 12.9%
- Drive alone
- 69.2%
- Public transit
- 0%
- Walk to work
- 2.4%
- Homes with broadband
- 98%
Farm Loop vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Farm Loop | 2,894 | $119,375 | $431,300 | $1,991 |
| Palmer | 6,268 | $72,201 | $294,900 | $1,125 |
| Buffalo Soapstone | 739 | $68,750 | $289,300 | $791 |
| Gateway | 6,845 | $137,772 | $446,200 | $1,741 |
| North Lakes | 10,223 | $101,679 | $357,600 | $1,441 |
| South Lakes | 6,180 | $98,141 | $377,500 | $1,178 |
| Lazy Mountain | 1,459 | $101,667 | $352,800 | $980 |
| Fishhook | 5,819 | $111,375 | $416,300 | $1,837 |
| Butte | 4,085 | $101,042 | $374,600 | $1,610 |
More for people moving to Farm Loop
Farm Loop ZIP code ›Weather and climate ›Living in Farm Loop: FAQ
What is the median household income in Farm Loop, AK?
The median household income in Farm Loop is $119,375, 29% higher than the Alaska median of $92,788 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Farm Loop?
The median home value in Farm Loop is $431,300, compared with $352,900 in Alaska.
How much is rent in Farm Loop?
The median gross rent in Farm Loop is $1,991 per month, about 43.9% of household income.
Is Farm Loop, AK a good place to live?
Pluses: median household income 29% higher than the Alaska median; a poverty rate of 5.7%. Minuses: home values 22% higher than the state median; an average commute of 29 minutes; unemployment of 7.3%.
What is the median age in Farm Loop?
The median age in Farm Loop is 40.2 years (Alaska: 35.8).
How long is the commute in Farm Loop?
The average commute to work in Farm Loop is 29 minutes; 12.9% of workers work from home.
What is the unemployment rate in Farm Loop?
The unemployment rate in Farm Loop is 7.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Farm Loop?
37.4% of adults in Farm Loop have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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