Farmers Loop, AK Cost Of Living

Demographics | Cost Of Living
Updated: 2022-04-08
Farmers Loop's Overall Cost Of Living
Higher Than The National Average
13 out of 22
In Alaska
5,183 out of 6,412
In America
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 higher than Alaska's index of 127.

The standard of living in Farmers Loop ranks as #5,185 most affordable out of the 6,418 places we measured in Alaska. By definition, that implies Farmers Loop ranks as the #1,233 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 128 127 100
Services 116 112 100
Groceries 121 134 100
Health 154 150 100
Housing 116 136 100
Transportation 119 121 100
Utilities 218 150 100
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 $287,300 $275,600 $229,800
Median Rent $1,124 $1,240 $1,096
Median Income $87,579 $77,790 $64,994
Home Value To Income 3.3x 3.5x 3.5x
Rent To Monthly Income 0.15x 0.19x 0.2x

Detailed Farmers Loop Services Costs Vs. Alaska

Item Farmers Loop Alaska
Shampoo $1.06 $1.06
Movie $13.45 $10.68
Bowling $15.03 $14.67

Detailed Farmers Loop Groceries Costs Vs. Alaska

Item Farmers Loop Alaska
Ground Beef $5.31 $4.22
Fried Chicken $1.56 $1.39
Milk $2.57 $2.05

Detailed Farmers Loop Health Costs Vs. Alaska

Item Farmers Loop Alaska
Haircut $17.43 $18.62
Beauty Salon $48.7 $39.05
Toothpaste $2.55 $2.34

Detailed Farmers Loop Transportation Costs Vs. Alaska

Item Farmers Loop Alaska
Potatoes $3.83 $3.29
Pizza $11.99 $10.62
Beer $9.95 $9.38
Optometrist $250.97 $108.57
Doctor $211.78 $116.17
Dentist $153.1 $99.13

Detailed Farmers Loop Utilities Costs Vs. Alaska

Item Farmers Loop Alaska
Gasoline $2.86 $2.22
Tire Balancing $49.08 $50.07
All Electricity $516.42 $167.67
Phone $181.24 $175.64

Farmers Loop SnackAbility

Overall SnackAbility

Cost Of Living In Cities Around Farmers Loop

City Population Cost Of Living Vs. Farmers Loop
Fairbanks, AK 31,427 132 1.0x
Badger, AK 19,434 133 1.0x
College, AK 12,734 133 1.0x
Steele Creek, AK 7,365 135 1.1x
Chena Ridge, AK 5,863 134 1.0x

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