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.
Cost Of Living
The cost of living in this area is notably high, making it a more expensive place to live. You'll find higher expenses for everyday goods and services, housing and groceries.
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-sized city with a population of 5,089 residents. The majority of Farmers Loop residents report their race to be White; this is followed by American Indian and Alaskan and Asian. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in Farmers Loop, your commute time will align closely with the national average, spanning a one-way duration of approximately 24 minutes.
Whether you’re relocating to a new area to be closer to family, friends or for a new job, living in Farmers Loop could be a positive experience compared to other cities in Alaska if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. The best areas in Farmers Loop and in surrounding cities are easier to find when you are able to make informed decisions. Using data from crime, commute, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Alaska and national averages.
Using data and statistics Farmers Loop has received a livability score of 58/100. This score is ranked in the 35th percentile when compared to all other cities. This is a poor rating when compared to the average of other places in the country. If we probe a little deeper into each category within the livability score, we see that Farmers Loop has higher than average grades for the following: employment (A+) and housing (A+). There is at least one category that did not score well in Farmers Loop. The following was graded with a less than perfect score: amenities (F), cost of living (F) and education (D).
The Farmers Loop unemployment rate of 1.96% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Farmers Loop apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Farmers Loop. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Farmers Loop are affordable. The median home price for Farmers Loop homes is $287,300, which is 11.7% 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 3.3, which is 5.7% 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% |
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