Cost Of Living in Lake Village, AR

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Lake Village	Arkansas	National
Cost of living	76	86	100
Goods & Services	88	98	100
Groceries	94	95	100
Health care	103	88	100
Housing	45	65	100
Transportation	88	90	100
Utilities	78	92	100

New Real Estate Listings in Lake Village Area

For Sale For Rent

Search

Search Homes for Sale in Lake Village, AR

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Lake Village is 12% lower than the Arkansas average
The cost of living in Lake Village is 24% lower than the national average
Lake Village housing is 55% lower than the national average
Arkansas general sales tax is 27% higher than the national average
Arkansas state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Lake Village

See all the best places to live around Lake Village

Compare Lake Village, AR Cost of Living

Write a review to give others more information about this area.

See all Lake Village poll results

The best places in Arkansas

Here are the best places to live in Arkansas

Safest Cities In The US

Safest States In The US

Check out the 10 most dangerous cities in Arkansas

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$42,262	$3,522	$986	$1,268
Renters	$0	$0	$0	$0

Arkansas Sales Tax

State	General Sales Tax	With Max Surtax
Arkansas	6.5%	11.625%

Arkansas Income Tax

State	Income Tax (Low)	Income Tax (High)
Arkansas	2%	4.9%

Goods & Services

Item	Lake Village	National avg.	Difference
Haircut	$23.22	$24.26	4.3%
Beauty Salon	$46.11	$45.56	1.2%
Toothpaste	$3.52	$3.70	4.9%
Shampoo	$1.33	$1.28	3.9%
Movie	$12.98	$12.13	7.0%
Bowling	$20.00	$18.00	11.1%

Groceries

Item	Lake Village	National avg.	Difference
Ground Beef	$6.31	$5.84	8.0%
Fried Chicken	$1.67	$1.57	6.2%
Milk	$4.61	$4.67	1.3%
Potatoes	$5.17	$4.93	4.8%
Pizza	$10.99	$12.09	9.1%
Beer	$9.63	$10.41	7.5%

Health Care

Item	Lake Village	National avg.	Difference
Optometrist	$110.11	$125.68	12.4%
Doctor	$173.89	$135.78	28.1%
Dentist	$128.33	$113.29	13.3%
Ibuprofen	$10.39	$10.65	2.5%
Lipitor	$524.60	$468.60	12.0%

Housing

Item	Lake Village	National avg.	Difference
Home Price	$74,200.00	$184,700.00	59.8%
Avg. Mortgage Payment	$3,477.84	$2,346.69	48.2%
Apartment Rent	$540.00	$949.00	43.1%

Transportation

Item	Lake Village	National avg.	Difference
Gasoline	$3.15	$3.46	9.0%
Tire Balancing	$56.44	$59.92	5.8%

Utilities

Item	Lake Village	National avg.	Difference
All Electricity	$126.52	$193.99	34.8%
Phone	$186.90	$192.25	2.8%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Jerome, AR	42	89	11.5%
Eudora, AR	2,246	72	28.0%
Portland, AR	375	73	27.3%
Dermott, AR	2,807	75	24.9%
Greenville, MS	29,854	78	22.1%
Lake Village, AR	2,258	76	24.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Colfax, CA	2,258	121	21.2%
Bolindale, OH	2,258	84	16.0%
Eldorado, TX	2,258	83	16.9%
Westbrook Center, CT	2,257	128	27.6%
Snow Hill, NC	2,257	86	14.3%
Lake Village, AR	2,258	76	24.5%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Lake Village, AR