Farmers Loop, AK is a small town located in the Alaskan countryside. It is known for its plentiful outdoor activities such as fishing, hunting, and hiking. The cost of living in Farmers Loop is quite low compared to the national average. Rent for a two-bedroom house averages at $1,200 while the US median rent stands at $1,430. The grocery cost index is 136 versus 100 in the US which means that groceries are significantly cheaper than other parts of the country.
Local companies in Farmers Loop include Alaska Fishing and Hunting Lodge, Hunters Paradise Outfitters, and Farmer's Market Grocery Store. The Lodge offers guided fishing tours on some of Alaska's most famous rivers and streams. Hunters Paradise Outfitters provides gear and guides to those who wish to hunt game in the area. Lastly, Farmer's Market Grocery Store offers locally sourced products ranging from fresh produce to baked goods and snacks.
Farmers Loop has an unemployment rate of 5.6%. The US average is 6.0%.
Farmers Loop has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 18.0%, which is lower than the US average of 33.5%.
Tax Rates for Farmers Loop
- The Sales Tax Rate for Farmers Loop is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Farmers Loop is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Farmers Loop
- The average income of a Farmers Loop resident is $42,177 a year. The US average is $28,555 a year.
- The Median household income of a Farmers Loop resident is $92,205 a year. The US average is $69,021 a year.