Farm Loop, AK
Population 2,940 · Alaska
About Farm Loop, AK
Farm Loop is a small town located in Alaska with a population of 2,940 residents according to the latest US Census Bureau American Community Survey data. The median household income is $110,332 per year, which is 47% above the national median of $75,149. The median age of 40.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Farm Loop features a median home value of $393,300, which is 61% above the national median of $244,900. This places Farm Loop in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,670, 44% above the national average of $1,163/month. Of the 1,091 total housing units, 87% are owner-occupied (915 units) and 13% are renter-occupied (140 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Farm Loop shows an unemployment rate of 7.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Farm Loop have an average one-way commute time of 30.1 minutes.
Education & Demographics
37.7% of Farm Loop residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.7% White, 6.6% Hispanic or Latino, 0.6% Black or African American, and 0.8% Asian residents, with 1.6% of the population being foreign-born.
How Farm Loop Ranks in Alaska
Cost of Living in Farm Loop, AK
Compared to national averages, Farm Loop has a median household income of $110,332 (47% above the national median of $75,149). Home values average $393,300, which is 61% above the national median. Monthly rent at $1,670 is 44% above the US average of $1,163. Within Alaska, Farm Loop's income is 63% above the state average of $67,815, and home values are 93% above the state median of $203,729.
Why Live in Farm Loop, AK?
Farm Loop offers a strong local economy with a median household income of $110,332, well above the national average, and a well-educated community where 37.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $393,300. However, Farm Loop’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Farm Loop has a population of 2,940 with a median age of 40.6 years. Compare Farm Loop with other cities to see how it stacks up, or explore all cities in Alaska.
Similar Cities Near Farm Loop
Cities in Alaska with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Kotzebue | 3,046 | $106,328 | $264,500 | Compare |
| Ester | 2,784 | $67,640 | $242,000 | Compare |
| Eielson AFB | 3,133 | $59,716 | $0 | Compare |
| Seward | 2,735 | $71,016 | $290,300 | Compare |
| North Pole | 2,663 | $93,355 | $272,000 | Compare |
| Goldstream | 3,238 | $92,604 | $289,600 | Compare |
| Big Lake | 3,291 | $76,292 | $286,600 | Compare |
| Petersburg | 3,346 | $76,466 | $298,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Alaska
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Farm Loop With Other Cities
Frequently Asked Questions about Farm Loop
What is the population of Farm Loop, AK?
The population of Farm Loop, AK is 2,940 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Alaska.
What is the median household income in Farm Loop?
The median household income in Farm Loop, AK is $110,332 per year, which is 47% above the national median of $75,149.
What is the median home value in Farm Loop?
The median home value in Farm Loop, AK is $393,300, which is 61% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Farm Loop?
The median monthly rent in Farm Loop, AK is $1,670, which is 44% above the national average of $1,163/month.
What is the unemployment rate in Farm Loop?
The unemployment rate in Farm Loop, AK is 7.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Farm Loop, AK a good place to live?
Farm Loop offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 2,940 and a median age of 40.6, the city appeals to a broad range of residents.
How educated is Farm Loop, AK?
37.7% of residents in Farm Loop aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Farm Loop?
Key cost-of-living indicators for Farm Loop, AK: median home value is $393,300 (61% above national), median rent is $1,670/month, and median household income is $110,332. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Farm Loop?
The poverty rate in Farm Loop, AK is 6.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Farm Loop, AK?
Farm Loop's population is 2.7% White, 6.6% Hispanic or Latino, 0.6% Black or African American, 0.8% Asian, and 0.7% two or more races. 1.6% of residents are foreign-born.