Lake View, AR is a small town located in the Arkansas River Valley. It is known for its picturesque views of Lake Dardanelle and its abundance of outdoor activities. The cost of living in Lake View is below the national average with an average 2 bedroom rent at $580 compared to $1,430 throughout the US. Groceries are also cheaper in Lake View with a grocery cost index rating of 93 compared to 100 throughout the US. Local businesses include grocery stores such as Country Mart and McDonalds convenience store, and restaurants like Buster Brown’s BBQ and Don Juan’s Mexican Restaurant. With its affordable housing and low cost of groceries, Lake View is a great place to live for those on a budget.
Lake View has an unemployment rate of 8.4%. The US average is 6.0%.
Lake View has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 8.7%, which is lower than the US average of 33.5%.
Tax Rates for Lake View
- The Sales Tax Rate for Lake View is 10.5%. The US average is 7.3%.
- The Income Tax Rate for Lake View is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake View
- The average income of a Lake View resident is $13,437 a year. The US average is $28,555 a year.
- The Median household income of a Lake View resident is $22,143 a year. The US average is $69,021 a year.