Farm Loop, AK Profile: Facts & Data

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Farm Loop, Alaska - Basic Facts

The Farm Loop CDP(1) had a population of 1,434 as of July 1, 2021. Farm Loop ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Alaska. See peer rankings below.

The primary coordinate point for Farm Loop is located at latitude 61.6343 and longitude -149.1615 in Matanuska-Susitna Borough. The formal boundaries for the Farm Loop Census Designated Place encompass a land area of 6.95 sq. miles and a water area of 0.02 sq. miles.

The Farm Loop Census Designated Place has a U2 Census Class Code which indicates a census designated place without an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Farm Loop Census Designated Place is located within the Matanuska-Susitna Census Subarea of Matanuska-Susitna Borough. Census subareas are statistical subdivisions of the county equivalents used in Alaska (boroughs, city and boroughs, municipalities, and census areas) and are the statistical equivalent of Micro Civil Divisions (MCDs) used in other states.

Alternate Unofficial Names for Farm Loop: Farm Loop CDP.

  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Farm Loop 2021 Demographic Data
  2. Growth Rates for Farm Loop (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Alaska Research Tools (Easy Tools & Current Data)
  3. Alaska Data Comparison Tool - 2021 Demographics
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Farm Loop, AK Data & Demographics (As of July 1, 2021)

POPULATION

Total Population 1,434 (100%)
Population in Households 1,429 (99.7%)
Population in Families 1,237 (86.3%)
Population in Group Quarters1 5 ( 0.3%)
Population Density 206
Diversity Index2 35
 
 

INCOME

Median Household Income $80,511
Average Household Income $110,873
% of Income for Mortgage4 15%
Per Capita Income $39,160
Wealth Index5 142
 

HOUSING

Total HU (Housing Units) 523 (100%)
Owner Occupied HU 424 (81.1%)
Renter Occupied HU 86 (16.4%)
Vacant Housing Units 13 ( 2.5%)
Median Home Value $281,522
Average Home Value $304,765
Housing Affordability Index3 184
 

HOUSEHOLDS

Total Households 510
Average Household Size 2.8
Family Households 376
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2021 2021-2026
Population 3.0% 2.21%
Households 3.12% 2.29%
Families 2.62% 2.14%
Median Household Income   1.12%
Per Capita Income   1.98%
Owner Occupied HU   2.34%

Farm Loop, AK - Peer Comparisons by Rank and Percentile

The table below compares Farm Loop to the other 353 incorporated cities, towns and CDPs in Alaska by rank and percentile using July 1, 2021 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 57 84th
Population Density # 44 88th
Median Household Income # 23 94th
Housing Affordability Index # 265 75th
Per Capita Income # 46 87th
Diversity Index # 176 50th

Additional comparisons and rankings can be made with a VERY EASY TO USE Alaska Census Data Comparison Tool.

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