Very AffordableNear National AverageLAKESIDE SCHOOL DISTRICT (Chicot)
Lake Village Commercial Historic District 002 · Brandonrush / CC BY-SA 3.0Lake Village Road Construction · Chetblong / CC BY 3.0New Stoplight in Lake Village · Chetblong / CC BY 3.0
Lake Village is a small town of 2,084 in Arkansas, with a median household income of $42,143
and a 5.5% unemployment rate.
Its cost of living index is 83 (US average = 100), which is
17% below the national average.
Strengths:
Lake Village stands out for an affordable cost of living, below-average home prices, solid school ratings (B+), short average commutes.
Trade-offs:
Potential downsides include an elevated unemployment rate. Whether Lake Village is right for you depends on your priorities — the full breakdown is below.
All Lake Village city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 83.1
Lake Village's overall cost of living index is 83.1,
where 100 represents the US national average.
Living in Lake Village costs roughly 17% less than the average American city.
Metric
Lake Village, AR
National Avg
Median Home Value
$104,100
$244,900
Median Monthly Rent
$468
$1,163
Homeownership Rate
64.6%
65.9%
Median Household Income
$42,143
$74,755
Crime & Safety
Near National Average
Lake Village's violent crime rate is 428.7 per 100,000 residents
— 13% higher than the national average of ~380 per 100,000.
Violent Crime
428.7 /100k
Property Crime
3108.3 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Lake Village is served primarily by LAKESIDE SCHOOL DISTRICT (Chicot).
The student-to-teacher ratio is 10.6:1
(better than the national average of ~16:1).
Metric
Lake Village, AR
National Avg
School District
LAKESIDE SCHOOL DISTRICT (Chicot)
—
Elementary Schools
2
—
Middle Schools
1
—
High Schools
1
—
Student/Teacher Ratio
10.6:1
16:1
Bachelor's Degree or Higher
19.5%
35.4%
High School Diploma or Higher
83.4%
91.1%
Weather & Climate
Lake Village sees average highs of 53.5°F in January
and 91.4°F in July,
with 56.4 inches of annual precipitation
and 1.0 inches of snow per year.
Lake Village's cost of living index is 83, where 100 is the national average.
That makes Lake Village roughly 17% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $104,100 and median rent is $468/month.
Lake Village's violent crime rate is 428.7 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 3108.3 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Lake Village are operated by LAKESIDE SCHOOL DISTRICT (Chicot).
The district has 2 elementary, 1 middle, and 1 high schools.
The student-to-teacher ratio is 10.6:1. 19.5% of adults 25+ hold a bachelor's degree or higher.
Lake Village, AR has a population of 2,084, a median household income of $42,143, and an unemployment rate of 5.5%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Lake Village averages 53.5°F in January and 91.4°F in July. Annual rainfall is 56.4 inches
with about 1.0 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Lake Village, AR is covered by 1 ZIP code: 71653.
The population of Lake Village, Arkansas is 2,084 with a median age of 38.6. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Lake Village: cost of living index 83 (100 = US average), median home $104,100, median household income $42,143, crime index 127 (100 = US average, lower is safer), schools rated B+. Whether these are benefits or drawbacks depends on where you're coming from — compare Lake Village side by side with your current city to see the trade-offs.
