Housing costs in Farm Loop?
A typical home costs
$333,000, which is 1.5% less expensive than the national average of
$338,100 and 0.9% less expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Farm Loop costs
$1,140 per month, which is 20.3% cheaper than the national average of
$1,430 and 18.4% cheaper than the state average of
$1,350.
Can I afford Farm Loop?
To live comfortably in Farm Loop, Alaska, a minimum annual income of
$63,720 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Farm Loop?
The cost of living in Farm Loop, AK is high compared to other parts of the country. The average cost for a one-bedroom apartment is $2,000 per month and groceries are roughly 25% higher than the national average. Additionally, taxes are much higher than in other parts of the nation due to the lack of local income tax and sales tax. Furthermore, transportation costs are steep because there is limited public transportation and gas prices are often very high. Despite these costs, Farm Loop remains a desirable place to live due to its pristine landscapes and small-town charm.