Cost of Living in Lake City, AR

A+
17%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
37%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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.
Index Lake City Arkansas National
Cost of living8386100
Goods & Services9598100
Groceries9595100
Health care7788100
Housing6365100
Transportation8890100
Utilities8992100
New Real Estate Listings in Lake City Area
Search
Search Homes for Sale in Lake City, AR
See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

  • The cost of living in Lake City is 3% lower than the Arkansas average
  • The cost of living in Lake City is 17% lower than the national average
  • Lake City housing is 37% 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

See all the best places to live around Lake City

Compare Lake City, AR Cost of Living

      vs
      How would you rate the cost of living in Lake City?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Lake City?
      Write a review to give others more information about this area.
      See all Lake City poll results

      The best places in Arkansas

      Here are the best places to live in ArkansasCheck out the 10 safest cities in ArkansasCheck out the 10 most dangerous cities in ArkansasSafest Cities In The US

      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$50,536$4,211$1,179$1,516
      Renters$50,200$4,183$1,171$1,506

      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 City National avg. Difference
      Haircut $22.59$24.266.9%
      Beauty Salon $43.68$45.564.1%
      Toothpaste $3.59$3.703.0%
      Shampoo $1.06$1.2817.4%
      Movie $13.11$12.138.1%
      Bowling $14.38$18.0020.1%

      Groceries

      Item Lake City National avg. Difference
      Ground Beef $5.34$5.848.5%
      Fried Chicken $1.38$1.5712.4%
      Milk $4.52$4.673.3%
      Potatoes $5.34$4.938.3%
      Pizza $11.64$12.093.7%
      Beer $10.04$10.413.6%

      Health Care

      Item Lake City National avg. Difference
      Optometrist $113.05$125.6810.1%
      Doctor $121.20$135.7810.7%
      Dentist $93.91$113.2917.1%
      Ibuprofen $10.17$10.654.5%
      Lipitor $454.83$468.602.9%

      Housing

      Item Lake City National avg. Difference
      Home Price $96,900.00$184,700.0047.5%
      Avg. Mortgage Payment $2,005.46$2,346.6914.5%
      Apartment Rent $827.00$949.0012.9%

      Transportation

      Item Lake City National avg. Difference
      Gasoline $3.12$3.469.9%
      Tire Balancing $51.88$59.9213.4%

      Utilities

      Item Lake City National avg. Difference
      All Electricity $163.75$193.9915.6%
      Phone $204.07$192.256.1%
      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.
      Black Oak, AR1977525.3%
      Caraway, AR1,2197624.0%
      Lepanto, AR1,9227623.9%
      Etowah, AR3247723.1%
      Leachville, AR2,4987821.6%
      Lake City, AR2,5568316.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      La Porte City, IA2,5568217.8%
      Eddyville, KY2,556919.4%
      Norway, ME2,556946.4%
      West Belmar, NJ2,55613736.6%
      Johnston, SC2,5568019.6%
      Lake City, AR2,5568316.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2024