Living in Lake Village, Arkansas
Cost of living, income, home prices, rent and demographics of Lake Village · Census data 2020–2024
Lake Village has 2,144 residents with a median age of 36.4. The median household income is $41,434 (32% lower than the Arkansas median), the median home value is $133,000, the median rent is $855/month.
Lake Village at a glance
- Population
- 2,144
- Median age
- 36.4State: 38.5
- Median household income
- $41,434State: $60,773
- Median home value
- $133,000State: $188,000
- Median rent
- $855/moState: $947
- Homeowners
- 56.2%
- Bachelor's degree or higher
- 20.4%
- Average commute
- 16 min
Is Lake Village a good place to live?
Pros: Home values 29% lower than the state median; an average commute of 16 minutes.
Cons: Median household income 32% lower than the Arkansas median; unemployment of 10.5%; a poverty rate of 18.8%.
The weather is best in April–May and September–October.
Cost of living in Lake Village
Housing is the biggest part of the cost of living. In Lake Village the median home value is $133,000, 60% lower than the U.S. median. Renters pay a median of $855 per month, which is 29.3% of household income. Homeowners with a mortgage pay $1,084 a month in housing costs.
Lake Village median household income
The median household income in Lake Village is $41,434 and the income per person is $24,883. 18.8% of residents live below the poverty line (Arkansas: 16%).
Housing in Lake Village: homes for sale and rent
- Housing units
- 1,155
- Owner-occupied
- 56.2%
- Renter-occupied
- 43.8%
- Vacant
- 22.1%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 2.30
Lake Village demographics
- Population
- 2,144
- Median age
- 36.4
- Under 18
- 27.6%
- 65 and older
- 17.5%
- Households
- 900
- Foreign-born
- 5.2%
- Veterans
- 7.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Village ›
Education in Lake Village
20.4% of adults 25 and older in Lake Village have a bachelor's degree or higher (Arkansas: 25.7%), and 7.9% have a graduate or professional degree.
Jobs and commute in Lake Village
- Unemployment rate
- 10.5%State: 4.9%
- Average commute
- 16 minState: 23 min
- Work from home
- 7.4%
- Drive alone
- 85.2%
- Public transit
- 0%
- Walk to work
- 1.4%
- Homes with broadband
- 84.2%
Lake Village vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Village | 2,144 | $41,434 | $133,000 | $855 |
| Montrose | 170 | $43,438 | $74,300 | — |
| Greenville | 28,166 | $40,083 | $103,800 | $872 |
| Portland | 444 | $46,346 | $60,000 | $625 |
| Eudora | 1,868 | $28,563 | $57,500 | $495 |
| Dermott | 2,330 | $27,212 | $68,400 | $527 |
| Arkansas City | 456 | $41,900 | $104,700 | $625 |
| McGehee | 3,666 | $36,875 | $98,800 | $784 |
More for people moving to Lake Village
Lake Village ZIP code ›Weather and climate ›Living in Lake Village: FAQ
What is the median household income in Lake Village, AR?
The median household income in Lake Village is $41,434, 32% lower than the Arkansas median of $60,773 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Village?
The median home value in Lake Village is $133,000, compared with $188,000 in Arkansas.
How much is rent in Lake Village?
The median gross rent in Lake Village is $855 per month, about 29.3% of household income.
Is Lake Village, AR a good place to live?
Pluses: home values 29% lower than the state median; an average commute of 16 minutes. Minuses: median household income 32% lower than the Arkansas median; unemployment of 10.5%; a poverty rate of 18.8%.
What is the median age in Lake Village?
The median age in Lake Village is 36.4 years (Arkansas: 38.5).
How long is the commute in Lake Village?
The average commute to work in Lake Village is 16 minutes; 7.4% of workers work from home.
What is the unemployment rate in Lake Village?
The unemployment rate in Lake Village is 10.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Village?
20.4% of adults in Lake Village have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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