Farmers Loop, AK vs Wrangell city and, AK

Farmers Loop, AK and Wrangell city and, AK have a very similar cost of living, with only a 4.5% difference in their overall index. Farmers Loop scores 96 while Wrangell city and scores 92 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Farmers Loop is $1,298/month compared to $1,047/month in Wrangell city and — a 24% difference. Interestingly, home values tell a different story: while Wrangell city and has cheaper rent, Farmers Loop actually has lower median home values ($262,600 vs $289,700).

Median household income in Farmers Loop is $103,635 compared to $64,545 in Wrangell city and (+60.6%). While Farmers Loop is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Farmers Loop spend roughly 15% of their income on rent, less than the 19.5% in Wrangell city and.

Climate-wise, Wrangell city and is notably warmer with an average of 43°F compared to 31.2°F in Farmers Loop. Wrangell city and receives more rainfall at 110.2" per year compared to 15" in Farmers Loop.