Farm Loop, AK Profile: Facts & Data

The Farm Loop CDP⁽¹⁾ had a population of 2,967 as of July 1, 2022. 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 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.

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.

Farm Loop, AK Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	2,967 (100%)
Population in Households	2,959 (99.7%)
Population in Families	2,609 (87.9%)
Population in Group Quarters¹	8 ( 0.3%)
Population Density	326
Diversity Index²	38


INCOME
Median Household Income	$90,289
Average Household Income	$128,070
% of Income for Mortgage⁴	20%
Per Capita Income	$44,524
Wealth Index⁵	143

HOUSING
Total HU (Housing Units)	1,152 (100%)
Owner Occupied HU	857 (74.4%)
Renter Occupied HU	155 (13.5%)
Vacant Housing Units	140 (12.2%)
Median Home Value	$333,838
Average Home Value	$348,312
Housing Affordability Index³	136

HOUSEHOLDS
Total Households	1,012
Average Household Size	2.92
Family Households	774
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.

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, 2022 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.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	3.48%	2.81%
Households	4.78%	2.86%
Families		2.79%
Median Household Income		1.74%
Per Capita Income		2.48%
Owner Occupied HU		2.99%

Variable Description	Rank	Percentile
Total Population	# 38	90th
Population Density	# 31	92nd
Median Household Income	# 10	97th
Housing Affordability Index	# 253	72nd
Per Capita Income	# 39	89th
Diversity Index	# 190	47th

Farm Loop, AK Profile: Facts & Data

Farm Loop, Alaska - Basic Facts

Farm Loop, AK Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Farm Loop, AK - Peer Comparisons by Rank and Percentile

Farm Loop, AK - Most Popular Things to Do

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