Personal loans in Coffman Cove, AK
Roughly 125 residents live in Coffman Cove, the 119th-largest community in Alaska. A lender serving Coffman Cove holds a Alaska licence and answers to a Alaska regulator; no city office is involved for its 125 residents.
Coffman Cove lost roughly 1.6% of its population across the 2020-to-2023 comparison. Work out your debt-to-income ratio first; lenders weigh it heavily, and Coffman Cove's 125 residents are no exception. A single loan can carry different costs on either side of a state line, and Coffman Cove sits on the Alaska side of that line. The nearest larger metro is Thorne Bay, AK about 26 miles away.
Coffman Cove: population, trend and location
Coffman Cove is a small community; the notes below cover its population profile and the statewide rules that apply.
- Population: a Census-estimated 125, 119th among Alaska's 149 places (Vintage 2023).
- Population trend: A decline of about 1.6% across the 2020-to-2023 comparison.
- Change in people: the 2020-to-2023 comparison is a loss of about 2 residents.
- Size percentile: Coffman Cove's 125 people outrank roughly 20% of the places in Alaska.
- Population density: about 11 people per square mile across 10.9 square miles of land (Census Gazetteer area, Vintage 2023 population).
- Land area rank: Coffman Cove's 10.9 square miles rank 63rd of 149 places in Alaska.
- Water: Coffman Cove holds about 2.39 square miles, the 61st-largest water area in Alaska.
- Share of state population: Coffman Cove's 125 residents are about 0.0% of Alaska.
- National standing: Coffman Cove ranks 17,680th of 19,457 US places.
- Growth rank: Coffman Cove's 2020-to-2023 change ranks 34th of 149 places in Alaska.
- Against the state trend: Coffman Cove's 1.6% change compares with a Alaska average of -3.1% across its 149 places.
- Density in Alaska: Coffman Cove ranks 116th by people per square mile.
- Density vs Alaska: Coffman Cove's 11 people per square mile compare with a state median of 40.
- Location: mapped by the US Census Bureau at 56.0017, -132.8420.
- Nearest larger cities: Thorne Bay (26 mi); Klawock (32 mi); Wrangell city and (34 mi); Craig (37 mi); Hydaburg (55 mi). Living near a larger metro rarely changes what is available in Coffman Cove.
- Smaller towns nearby: Whale Pass (10 mi); Edna Bay (33 mi); Kasaan (35 mi).
- Smaller places within 50 miles: 3 of them.
- Larger places within 100 miles: 8.
What shapes a Coffman Cove personal loan
A Coffman Cove personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 125 residents. Federal Truth in Lending rules require a Coffman Cove lender to disclose the APR and finance charge before you sign. Because the payment is fixed, the total cost of a Coffman Cove loan is knowable in advance — unlike a revolving card balance.
How Coffman Cove compares across Alaska
Set beside Alaska's 149 places, Coffman Cove ranks 119th by population and holds about 0.0% of the state total. Its 2020-to-2023 change ranks 34th of 149 Alaska places, putting it near the 77th percentile for growth. At about 11 people per square mile, Coffman Cove is the 116th most densely settled place in Alaska. By land area, its 10.9 square miles rank 63rd of 149 places in Alaska.
Alaska rules behind a Coffman Cove personal loan
Alaska has no separate rate rule for Coffman Cove; the sourced rows below are what reach every lender that serves its 125 people.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Alaska Department of Commerce, Community, and Economic Development (Division of Banking and Securities) Source says: "department means the Department of Commerce, Community, and Economic Development". The Division of Banking and Securities (commerce.alaska.gov/web/dbs) administers the department's lending license programs. | Alaska Legislature — Alaska Statutes § 06.50.900(5) as of 2026-09-16 |
| Small-loan / installment lender licensing | License required from the department to make loans of $25,000 or less at above-legal rates; $25,000 liquid assets and $25,000 bond required Source says: "without first obtaining a license from the department"; "liquid assets of at least $25,000". | Alaska Legislature — Alaska Statutes §§ 06.20.010, 06.20.040 as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 10.5% per annum default; by contract, the greater of 10% or 5 percentage points above the 12th Federal Reserve District advance rate (loans over $25,000 exempt) Source says: "The rate of interest in the state is 10.5 percent a year and no more on money after it is due"; "more than the greater of 10 percent or five percentage points above the annual rate charged member banks for advances by the 12th Federal Reserve District". | Alaska Legislature — Alaska Statutes § 45.45.010 as of 2026-09-16 |
Where Coffman Cove sits
Inside Coffman Cove's boundaries lie roughly 10.9 square miles of land and 2.39 square miles of water. With 125 residents, the land area yields roughly 11 people per square mile. The state's population centre of gravity, Anchorage, is roughly 689 miles away. A 50-mile radius around Coffman Cove takes in 4 places that are larger. The 100-mile radius contains 8 larger places.
What is available to Coffman Cove borrowers
At roughly 11 people per square mile, Coffman Cove is sparsely settled; 4 larger places lie within 50 miles. A Alaska licence lets a lender serve Coffman Cove without a local office, so branch density does not change what its 125 residents are offered. The nearest larger city, Thorne Bay, AK about 26 miles away.
Common questions
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Nearby places
- Whale Pass, AK — population 86
- Thorne Bay, AK — population 470
- Klawock, AK — population 710
- Craig, AK — population 1,041
- Kasaan, AK — population 30
- Hydaburg, AK — population 375
- Kupreanof, AK — population 19
- Wrangell city and, AK — population 2,064