Cost of Living in Farmers Loop, AK

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D+
24%
Overall NAT. AVG.
18%
Groceries NAT. AVG.
47%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Farmers Loop Alaska National
Cost of living124122100
Groceries118119100
Health care108110100
Housing147137100
Transportation112113100
Utilities123124100
Lifestyle & Entertainment115117100
Household Items108110100
Education & Childcare114114100
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Homes For Sale In Farmers Loop, AK

property for sale

332 Brighton Dr

Fairbanks, AK
property for sale

L3B1 Highland ST

Fairbanks, AK
property for sale

100 Eagle Ridge Rd

Fairbanks, AK
property for sale

400 Winter St

Fairbanks, AK

Cost Of Living Quick Facts

  • The cost of living in Farmers Loop is 2% higher than the Alaska average
  • The cost of living in Farmers Loop is 24% higher than the national average
  • Farmers Loop housing is 47% higher than the national average
  • Alaska general sales tax is 100% lower than the national average
  • Alaska state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Farmers Loop

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
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      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$132,613$11,051$3,094$3,979
      Renters$97,908$8,159$2,284$2,938
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Farmers Loop, AK, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Farmers Loop homeowners, is $132,613. This would allow for a maximum of $3,094 per month to be spent on housing costs. For renters, the median monthly income is $97,908 which would result in a maximum of $2,284 to be spent on rental costs.

      Alaska Sales Tax

      State General Sales Tax With Max Surtax
      Alaska 0% 7%

      Alaska Income Tax

      State Income Tax (Low) Income Tax (High)
      Alaska 0% 0%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Fox, AK19411414.1%
      South Van Horn, AK4048317.1%
      Goldstream, AK3,41911413.7%
      North Pole, AK3,07711615.7%
      Ester, AK2,24111616.0%
      Farmers Loop, AK5,26412423.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Homestead Meadows North, TX5,2638911.0%
      Paxtonia, PA5,2621032.7%
      Iowa Falls, IA5,2668515.2%
      Berkeley, IL5,2661000.2%
      Columbus, WI5,266973.4%
      Farmers Loop, AK5,26412423.9%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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