Cost of Living in Lake City, AR
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
85.8
100 = national avg
-14.2 vs national average
Living Wage (1 Adult)
$37,771
per year
Living Wage (Family of 4)
$89,278
per year
Cost Index by Category
Housing76.4
Food93.9
Transportation87.8
Healthcare95.1
Utilities91.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$870
per month
2 Bedroom
$1,040
per month
The overall cost of living index in Lake City is 85.8, which is 14.2% below the national average. Housing costs are below the national average at an index of 76.4. A single adult needs to earn approximately $37,771 per year to cover basic expenses.