Living in Farmers Loop, Alaska
Cost of living, income, home prices, rent and demographics of Farmers Loop · Census data 2020–2024
Farmers Loop has 4,954 residents with a median age of 36.6. The median household income is $109,950 (18% higher than the Alaska median), the median home value is $279,800, the median rent is $1,406/month.
Farmers Loop at a glance
- Population
- 4,954
- Median age
- 36.6State: 35.8
- Median household income
- $109,950State: $92,788
- Median home value
- $279,800State: $352,900
- Median rent
- $1,406/moState: $1,419
- Homeowners
- 82.2%
- Bachelor's degree or higher
- 33.3%
- Average commute
- 22 min
Is Farmers Loop a good place to live?
Pros: Median household income 18% higher than the Alaska median; home values 21% lower than the state median; unemployment of 2.8%; a poverty rate of 1.8%.
Cons: An average commute of 22 minutes.
The weather is best in May to August.
Cost of living in Farmers Loop
Housing is the biggest part of the cost of living. In Farmers Loop the median home value is $279,800, 16% lower than the U.S. median. Renters pay a median of $1,406 per month, which is 22.8% of household income. Homeowners with a mortgage pay $2,437 a month in housing costs.
Farmers Loop median household income
The median household income in Farmers Loop is $109,950 and the income per person is $48,568. 1.8% of residents live below the poverty line (Alaska: 10.1%).
Housing in Farmers Loop: homes for sale and rent
- Housing units
- 2,192
- Owner-occupied
- 82.2%
- Renter-occupied
- 17.8%
- Vacant
- 15.8%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 2.68
Farmers Loop demographics
- Population
- 4,954
- Median age
- 36.6
- Under 18
- 24.2%
- 65 and older
- 12.7%
- Households
- 1,845
- Foreign-born
- 5.7%
- Veterans
- 9.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Farmers Loop ›
Education in Farmers Loop
33.3% of adults 25 and older in Farmers Loop have a bachelor's degree or higher (Alaska: 31.7%), and 10.7% have a graduate or professional degree.
Jobs and commute in Farmers Loop
- Unemployment rate
- 2.8%State: 5.9%
- Average commute
- 22 minState: 19 min
- Work from home
- 6.7%
- Drive alone
- 71.4%
- Public transit
- 0.1%
- Walk to work
- 3.7%
- Homes with broadband
- 95.2%
Farmers Loop vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Farmers Loop | 4,954 | $109,950 | $279,800 | $1,406 |
| College | 11,924 | $83,895 | $297,500 | $1,454 |
| Fairbanks | 32,083 | $73,534 | $268,400 | $1,496 |
| South Van Horn | 572 | $73,214 | $41,500 | — |
| Steele Creek | 5,928 | $121,364 | $348,400 | $1,223 |
| Goldstream | 3,294 | $103,589 | $289,600 | $847 |
| Ester | 2,752 | $53,272 | $255,400 | $1,208 |
| Badger | 18,677 | $97,183 | $310,600 | $1,629 |
| Chena Ridge | 5,881 | $133,775 | $395,500 | $1,110 |
More for people moving to Farmers Loop
Farmers Loop ZIP code ›Weather and climate ›Living in Farmers Loop: FAQ
What is the median household income in Farmers Loop, AK?
The median household income in Farmers Loop is $109,950, 18% 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 Farmers Loop?
The median home value in Farmers Loop is $279,800, compared with $352,900 in Alaska.
How much is rent in Farmers Loop?
The median gross rent in Farmers Loop is $1,406 per month, about 22.8% of household income.
Is Farmers Loop, AK a good place to live?
Pluses: median household income 18% higher than the Alaska median; home values 21% lower than the state median; unemployment of 2.8%; a poverty rate of 1.8%. Minuses: an average commute of 22 minutes.
What is the median age in Farmers Loop?
The median age in Farmers Loop is 36.6 years (Alaska: 35.8).
How long is the commute in Farmers Loop?
The average commute to work in Farmers Loop is 22 minutes; 6.7% of workers work from home.
What is the unemployment rate in Farmers Loop?
The unemployment rate in Farmers Loop is 2.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Farmers Loop?
33.3% of adults in Farmers 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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