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.
Crime
This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.
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, Arkansas is a small city with a population of 2,634 inhabitants. If we take a look at the last Census, the vast majority of the population falls within one racial group (98% White). Given that fact, Lake City could be considered less diverse than other cities. If you are not a fan of long commutes, you will enjoy living in Lake City. With an average one way commute time of only 19 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Without the right tools, moving to any new town can be very stressful and challenging. Living in Lake City, Arkansas could be a fulfilling experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. The best areas in Lake City and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, cost of living, health & safety, you will see a detailed breakdown of the most important information as well as comparisons to the Arkansas and national averages.
Using data and statistics Lake City has received a livability score of 62/100. This score is ranked in the 46th percentile when compared to all other cities. There are nine total categories that form the livability score. Lake City ranks well for crime (B), cost of living (A+) and housing (A+) Lake City does not score well for the following: amenities (F), education (D) and employment (D-). It might be a smart idea to take a closer look at each category to find out why.
Low rates of violent crime, encompassing offenses such as murder, rape, robbery and assault, contribute significantly to a safer living environment. This reduction in crime minimizes the chances of personal harm, property theft, or violent incidents. Furthermore, low crime rates can have a positive impact on property values and the overall desirability of an area. There were 147 crimes per 100,000 residents, which signifies that Lake City boasts an impressively low violent crime rate that falls well below the national average.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Lake City has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
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. The median home price for Lake City homes is $174,885, which is 16.3% lower than the Arkansas average. If we take a closer look at the affordability of homes in Lake City, we’ll see that the home price to income ratio is 2.3, which is 30.3% 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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