Lake Village cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexLake VillageArkansasNational
Cost of living index8184100
IndexLake VillageArkansasNational
Goods & Services index9692100
Groceries index10091100
Health care index8588100
Housing index4665100
Transportation index9187100
Utilities index10397100
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Did you know?

  • The cost of living in Lake Village is 3% lower than the Arkansas average.
  • The cost of living in Lake Village is 19% lower than the national average.
  • The cost of housing in Lake Village is 54% lower than the national average.
  • Arkansas general sales tax is 28% higher than the national average.
  • Arkansas state income tax is 60% lower than the national average.

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Compare Lake Village, AR Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$44,293$3,691$1,033$1,329
Renters$15,365$1,280$358$461

Arkansas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Arkansas6.5%11.625%

Arkansas Income Tax

StateIncome Tax (Low)Income Tax (High)
Arkansas0.9%6.9%

Goods & Services

ItemLake VillageNational avg.Difference
Haircut $15.94$16.090.9%
Beauty Salon $29.12$37.3322.0%
Toothpaste $2.19$2.4510.6%
Shampoo $1.03$1.002.7%
Movie $7.48$10.2827.3%
Bowling $10.03$4.93103.4%

Groceries

ItemLake VillageNational avg.Difference
Ground Beef $4.07$3.807.0%
Fried Chicken $1.15$1.4017.8%
Milk $2.20$2.019.4%
Potatoes $3.57$3.0118.6%
Pizza $9.23$9.896.6%
Beer $8.55$8.903.9%

Health Care

ItemLake VillageNational avg.Difference
Optometrist $93.92$102.168.1%
Doctor $76.24$108.3629.6%
Dentist $79.52$92.5314.1%
Ibuprofen $8.41$9.289.4%
Lipitor $424.21$425.820.4%

Housing

ItemLake VillageNational avg.Difference
Home Price $72,700.00$184,700.0060.6%
Avg. Mortgage Payment $1,066.65$1,202.4411.3%
Apartment Rent $576.00$949.0039.3%

Transportation

ItemLake VillageNational avg.Difference
Gasoline $2.04$2.249.2%
Tire Balancing $42.45$46.298.3%

Utilities

ItemLake VillageNational avg.Difference
All Electricity$131.00$165.9621.1%
Phone $37.69$28.6831.4%
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.
Jerome, AR5596-4%
Montrose, AR27577-23%
Eudora, AR1,86777-23%
Dermott, AR2,75778-22%
Portland, AR43480-20%
Lake Village, AR2,67481-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Dublin, VA2,67490-10%
Janesville, MN2,67492-8%
Libby, MT2,67484-16%
Brusly, LA2,67599-1%
Glen Raven, NC2,67590-10%
Lake Village, AR2,67481-19%
Source: The Lake Village, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.