Housing costs in Farmers Loop?
A typical home costs
$324,300, which is 4.1% less expensive than the national average of
$338,100 and 3.5% less expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Farmers Loop costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 12.5% cheaper than the state average of
$1,350.
Can I afford Farmers Loop?
To live comfortably in Farmers Loop, Alaska, a minimum annual income of
$62,280 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Farmers Loop?
The cost of living in Farmers Loop, AK is relatively low compared to other parts of the country. Groceries and other necessities are available at local stores at reasonable prices, while housing costs tend to be on the lower end compared to most cities and towns. In addition, taxes are low, making it a great place for young families and retirees looking for an affordable area to live. The close proximity to nature makes it all the more attractive - there are plenty of outdoor activities in the area, from hiking and biking trails to fishing spots nearby.