Cost of Living in Lake Village, AR
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
77.5
100 = national avg
-22.5 vs national average
Living Wage (1 Adult)
$34,113
per year
Living Wage (Family of 4)
$80,632
per year
Cost Index by Category
Housing77.2
Food84.2
Transportation68.5
Healthcare87.4
Utilities86.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$671
per month
2 Bedroom
$880
per month
The overall cost of living index in Lake Village is 77.5, which is 22.5% below the national average. Housing costs are below the national average at an index of 77.2. A single adult needs to earn approximately $34,113 per year to cover basic expenses.