Farmers Loop, AK

Farmers Loop, AK

At a Glance

How Farmers Loop Compares to the U.S. Average

Each bar shows Farmers Loop's value as a percentage of the national average (100% = U.S. avg)

Is Farmers Loop a Good Place to Live?

Economy & Jobs

Farmers Loop residents earn a median household income of $103,635 , which is 38% above the national average of $75,149. Per capita income is $46,079. The unemployment rate stands at 3.0% (17% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 2,441 business establishments, including 247 restaurants.

Housing & Cost of Living

The median home value in Farmers Loop is $262,600 , 7% below the national median of $281,900. Zillow estimates the typical home at $290,656. Median rent is $1,298/month, with 19.0% of renters spending more than 30% of income on housing. The cost of living index is 102.4 (100 = national average). The median home was built in 1985.

Education

27.3% of adults in Farmers Loop hold a bachelor's degree or higher (19% below the national average). 97.5% have completed high school. Local schools score 5.3/10 in standardized testing.

Climate & Weather

Farmers Loop has an average annual temperature of 31°F (-0°C). Winters average 4°F in January while summers reach 60°F in July. Annual precipitation totals 15.0 inches. Air quality is rated Good with a median AQI of 42.

Data Overview

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