A
Overall 20%
Goods & Services 4%
Housing 48%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.
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.
IndexLake CityArkansasNational
Cost of living8084100
Goods & Services9695100
Groceries9190100
Health care8786100
Housing5265100
Transportation8283100
Utilities8791100

Key findings

  • The cost of living in Lake City is 5% lower than the Arkansas average
  • The cost of living in Lake City is 20% lower than the national average
  • Lake City housing is 48% lower than the national average
  • Arkansas general sales tax is 28% higher than the national average
  • Arkansas state income tax is 10% lower than the national average

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Compare Lake City, AR Cost of Living

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      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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$44,777$3,731$1,045$1,343
      Renters$35,441$2,953$827$1,063

      Arkansas Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Arkansas6.5%11.625%

      Arkansas Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Arkansas2%6.6%

      Goods & Services

      ItemLake CityNational avg.Difference
      Haircut $18.00$17.492.9%
      Beauty Salon $25.67$38.1732.7%
      Toothpaste $1.79$2.3222.9%
      Shampoo $0.85$1.0116.0%
      Movie $10.00$10.726.8%
      Bowling $12.67$13.868.6%

      Groceries

      ItemLake CityNational avg.Difference
      Ground Beef $3.42$3.9012.3%
      Fried Chicken $1.14$1.4018.3%
      Milk $1.19$1.9639.4%
      Potatoes $2.86$3.1810.1%
      Pizza $9.59$10.397.7%
      Beer $9.00$9.232.5%

      Health Care

      ItemLake CityNational avg.Difference
      Optometrist $71.67$106.3432.6%
      Doctor $114.67$115.250.5%
      Dentist $78.67$98.3820.0%
      Ibuprofen $7.98$9.2613.8%
      Lipitor $433.44$466.477.1%

      Housing

      ItemLake CityNational avg.Difference
      Home Price $72,300.00$184,700.0060.9%
      Avg. Mortgage Payment $937.75$1,273.3226.4%
      Apartment Rent $791.00$949.0016.6%

      Transportation

      ItemLake CityNational avg.Difference
      Gasoline $2.23$2.5913.9%
      Tire Balancing $37.32$48.9023.7%

      Utilities

      ItemLake CityNational avg.Difference
      All Electricity$125.45$167.6025.2%
      Phone $187.27$163.4214.6%
      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, StatePopulationCost of Living IndexNational Avg.
      Caraway, AR1,06874-26%
      Etowah, AR24274-26%
      Leachville, AR1,86275-25%
      Black Oak, AR25375-25%
      Lepanto, AR1,94076-24%
      Lake City, AR2,57080-20%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Tahoka, TX2,57080-20%
      Sabetha, KS2,57081-19%
      Okanogan, WA2,57092-8%
      Milton, WV2,57187-13%
      Rockville, IN2,57184-16%
      Lake City, AR2,57080-20%
      Source: The Lake City, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.