Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Employment
The combination of low income levels and high unemployment rates contributes to a low score in the employment category, which could make it challenging to secure well-paying jobs.
Ratings
Polls and surveys done by AreaVibes among area residents did not yield positive feedback when it came to the walkability of amenities, safety, nearby parks and the overall sense of community.
Lake City is a small-sized city located in the state of Arkansas. The city has a population of 2,556 residents. The majority of Lake City residents report their race to be White; this is followed by Black and Asian. If you're not a fan of traffic congestion and long commute times to work, Lake City is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 19 minutes, significantly lower than the national average of 26 minutes.
If you’re considering relocating to any new city, it could be a very discouraging task. However, it could also be a great experience if you are willing to get to know the town before actually living in Lake City, Arkansas. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. With useful information like amenities, health & safety, housing and other key data points, finding the best places to live in Lake City and in the areas around Lake City is a much easier task.
Lake City, AR receives 62/100 for its livability score; this results in a ranking of #150 in Arkansas and #14,292 in the USA. If we probe a little deeper into each category within the livability score, we see that Lake City has higher than average grades for the following: crime (A+), cost of living (A+) and housing (A+). The bad news for Lake City, there are some categories for which it does not score well, this includes: amenities (F), education (F) and employment (D-).
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Lake City excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Assuming that Lake City meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Lake City. Everything else becomes a lot less important if it turns out that home prices in Lake City are simply unattainable. Median real estate prices in Lake City come in at $96,900, which is 15.5% lower than the Arkansas average. The home price to income ratio compares the median home prices to the median household income. In Lake City, the home price to income ratio is 1.9, which is 29.6% lower than the Arkansas average.
| Statistic | Lake City | Arkansas | National |
| Average one way commute | 19min | 22min | 26min |
| Workers who drive to work | 86.3% | 82.7% | 76.4% |
| Workers who carpool | 9.1% | 10.8% | 9.3% |
| Workers who take public transit | 0.0% | 0.4% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 1.2% | 1.7% | 2.8% |
| Working from home | 1.6% | 3.2% | 4.6% |
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