Farmers Loop, AK Cost Of Living

Demographics | Cost Of Living
Updated: 2020-03-08
Farmers Loop's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Farmers Loop is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Farmers Loop, AK?

According to the most recent data on the cost of living, Farmers Loop has an overall cost of living index of 128 which is 1.3x higher than the national index of 100.

Compared to only Alaska, Farmers Loop has a cost of living index that's 1.0x lower than Alaska's index of 128.

The standard of living in Farmers Loop ranks as #5180 most affordable out of the 6522 places we measured in Alaska. By definition, that implies Farmers Loop ranks as the #1227 most expensive place in the Last Frontier.

For more reading on life in Farmers Loop, check out:

Farmers Loop Cost Of Living Vs. Alaska

Living Expense Farmers Loop Alaska National Average
Overall 128 128 100
Services 115 112 100
Groceries 125 137 100
Health 155 147 100
Housing 118 135 100
Transportation 113 120 100
Utilities 209 147 100
For more reading on cost of living around Alaska, check out:
Farmers Loop Cost of Living Vs. AK

Farmers Loop, AK Housing Cost Breakdown

Housing swings affordability the most between places in Alaska, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Farmers Loop Alaska United States
Median Home Value $277,900 $265,200 $204,900
Median Rent $894 $1,231 $1,023
Median Income $77,458 $76,715 $60,293
Home Value To Income 3.6x 3.5x 3.4x
Rent To Monthly Income 0.14x 0.19x 0.2x

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Cost Of Living In Cities Around Farmers Loop

City Population Cost Of Living Vs. Farmers Loop
Fairbanks, AK 31,677 127 1.0x
Badger, AK 18,792 132 1.0x
College, AK 13,709 130 1.0x
Steele Creek, AK 7,380 133 1.0x
Chena Ridge, AK 5,903 131 1.0x

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