Housing costs in Lake Village?
A typical home costs
$115,800, which is 65.7% less expensive than the national average of
$338,100 and 36.3% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Lake Village costs
$660 per month, which is 53.8% cheaper than the national average of
$1,430 and 27.3% cheaper than the state average of
$840.
Can I afford Lake Village?
To live comfortably in Lake Village (zip 71653), Arkansas, a minimum annual income of
$22,320 for a family, and
$20,000 for a single person is recommended.
What does A.I. say about Lake Village?
71653 Lake Village, AR is a great place to live for those looking for an affordable cost of living. The median home price in this area is just over $76,500, which is significantly lower than the national median home price of more than $226,000. Additionally, the cost of living index in 71653 is 81.2 (where 100 is the national average). This makes it one of the most affordable places to live in Arkansas and throughout the rest of the United States. Groceries are also very reasonably priced at just under 10 percent below the national average. Taxes are also low compared to other parts of Arkansas and the country as a whole, so you can feel comfortable knowing that money you save on rent or housing can be reinvested into other parts of your life like savings or entertainment.