Employment
This area excels in the employment category with a score well above average, primarily due to the higher median home income, per capita income and low unemployment rates.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Health & Safety
A low health and safety score may be attributed to factors such as subpar air quality and the unavailability of certain health-related facilities like hospitals, clinics, doctors and pharmacies.
Located in the state of Alaska, Farmers Loop is a small city with a population of 5,264 inhabitants. At 80%, the majority of the Farmers Loop population is White; this is followed by 8% American Indian and Alaskan and 3% Asian. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Farmers Loop is the right fit for you, your one way commute time will average 24 minutes, which is about average when compared to the national commute time of 26 minutes.
Living in Farmers Loop can be a positive experience for anyone relocating to the area. Having said that, in the state of Alaska, there are many incredible places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. With useful information like amenities, cost of living, health & safety, housing and other key data points, finding the best places to live in Farmers Loop and in the areas around Farmers Loop is a much easier task.
Farmers Loop has a livability score of 61 out of 100 and is ranked #44 in Alaska and #17,367 in the USA. There are nine total categories that form the livability score. Farmers Loop ranks well for employment (A+) and housing (A+) Farmers Loop does not fare well for the following: amenities (F) and cost of living (F). It might be wise to take a closer look at each category to find out why.
Unemployment rates can range pretty dramatically from one city to another. Knowing that Farmers Loop has an unemployment rate of 2.1% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.
Finding affordable real estate and housing in Farmers Loop can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Farmers Loop real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Farmers Loop. The median home price for Farmers Loop homes is $518,116, which is 12.1% higher than the Alaska average. If we take a closer look at the affordability of homes in Farmers Loop, we’ll see that the home price to income ratio is 4, which is 2.4% lower than the Alaska average.
| Statistic | Farmers Loop | Alaska | National |
| Average one way commute | 24min | 19min | 26min |
| Workers who drive to work | 70.3% | 68.1% | 76.4% |
| Workers who carpool | 19.3% | 12.5% | 9.3% |
| Workers who take public transit | 0.0% | 1.5% | 5.1% |
| Workers who bicycle | 0.0% | 1.0% | 0.6% |
| Workers who walk | 1.0% | 7.9% | 2.8% |
| Working from home | 7.3% | 4.6% | 4.6% |
Here are the best places to live in Alaska
Check out the 10 most dangerous cities in Alaska
Check out the 10 safest cities in Alaska
These are the 10 cheapest cities in Alaska