Farmers Loop, AK
Population 4,887 · Alaska
About Farmers Loop, AK
Farmers Loop is a small town located in Alaska with a population of 4,887 residents according to the latest US Census Bureau American Community Survey data. The median household income is $103,635 per year, which is 38% above the national median of $75,149. The median age of 36.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Farmers Loop features a median home value of $262,600, which is 7% above the national median of $244,900. This positions Farmers Loop in a moderately priced market relative to the rest of the country. Median monthly rent is $1,298, 12% above the national average of $1,163/month. Of the 2,265 total housing units, 81% are owner-occupied (1,508 units) and 19% are renter-occupied (363 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Farmers Loop shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Farmers Loop have an average one-way commute time of 34.3 minutes.
Education & Demographics
27.3% of Farmers 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 3.1% White, 18.7% Hispanic or Latino, 0.0% Black or African American, and 1.8% Asian residents, with 2.4% of the population being foreign-born.
How Farmers Loop Ranks in Alaska
Cost of Living in Farmers Loop, AK
Compared to national averages, Farmers Loop has a median household income of $103,635 (38% above the national median of $75,149). Home values average $262,600, which is 7% above the national median. Monthly rent at $1,298 is 12% above the US average of $1,163. Within Alaska, Farmers Loop's income is 53% above the state average of $67,815, and home values are 29% above the state median of $203,729.
Why Live in Farmers Loop, AK?
Farmers Loop offers a strong local economy with a median household income of $103,635, well above the national average, and a strong job market with an unemployment rate of just 3.0%, and a low poverty rate of 1.3%, better than the national average.
Farmers Loop has a population of 4,887 with a median age of 36.5 years. Compare Farmers Loop with other cities to see how it stacks up, or explore all cities in Alaska.
Similar Cities Near Farmers Loop
Cities in Alaska with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Utqiaġvik | 4,850 | $89,038 | $282,400 | Compare |
| Nikiski | 4,656 | $63,023 | $309,200 | Compare |
| Soldotna | 4,448 | $62,984 | $277,300 | Compare |
| Unalaska | 4,430 | $114,286 | $448,700 | Compare |
| Fishhook | 5,461 | $101,518 | $361,900 | Compare |
| Kodiak | 5,497 | $71,373 | $314,800 | Compare |
| Homer | 5,750 | $73,723 | $363,700 | Compare |
| Steele Creek | 5,861 | $117,260 | $331,200 | 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 Farmers Loop With Other Cities
Frequently Asked Questions about Farmers Loop
What is the population of Farmers Loop, AK?
The population of Farmers Loop, AK is 4,887 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 Farmers Loop?
The median household income in Farmers Loop, AK is $103,635 per year, which is 38% above the national median of $75,149.
What is the median home value in Farmers Loop?
The median home value in Farmers Loop, AK is $262,600, which is 7% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Farmers Loop?
The median monthly rent in Farmers Loop, AK is $1,298, which is 12% above the national average of $1,163/month.
What is the unemployment rate in Farmers Loop?
The unemployment rate in Farmers Loop, AK is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Farmers Loop, AK a good place to live?
Farmers Loop offers above-average incomes, a competitive housing market, and a strong job market. With a population of 4,887 and a median age of 36.5, the city appeals to a broad range of residents.
How educated is Farmers Loop, AK?
27.3% of residents in Farmers Loop aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Farmers Loop?
Key cost-of-living indicators for Farmers Loop, AK: median home value is $262,600 (7% above national), median rent is $1,298/month, and median household income is $103,635. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Farmers Loop?
The poverty rate in Farmers Loop, AK is 1.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Farmers Loop, AK?
Farmers Loop's population is 3.1% White, 18.7% Hispanic or Latino, 0.0% Black or African American, 1.8% Asian, and 1.3% two or more races. 2.4% of residents are foreign-born.