Cost of Living in Lake City, AR

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15%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
36%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Lake City Arkansas National
Cost of living8586100
Groceries9896100
Health care9395100
Housing6467100
Transportation9194100
Utilities9493100
Lifestyle & Entertainment9393100
Household Items9996100
Education & Childcare9192100
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Homes For Sale In Lake City, AR

property for sale

811 Grove St

Lake City, AR
property for sale

119 Pecan St

Lake City, AR
property for sale

1107 Estelle St

Lake City, AR
property for sale

1406 Kelton St

Lake City, AR

Cost Of Living Quick Facts

  • The cost of living in Lake City is 1% lower than the Arkansas average
  • The cost of living in Lake City is 15% lower than the national average
  • Lake City housing is 36% 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 City

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$76,623$6,385$1,788$2,299
      Renters$74,926$6,244$1,748$2,248

      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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Black Oak, AR2057623.5%
      Caraway, AR1,2627822.4%
      Lepanto, AR1,9677821.8%
      Etowah, AR3377921.4%
      Leachville, AR2,5668019.7%
      Lake City, AR2,6348514.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Mount Vernon, GA2,6348712.5%
      Oakwood Hills, IL2,6341088.2%
      Potosi, MO2,6348416.2%
      Oliver, PA2,6338317.0%
      West Newton, PA2,6338614.1%
      Lake City, AR2,6348514.8%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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