Lake Village, AR (zip code 71653) is a small town located in Arkansas. It has a population of just 2,006 people and is situated on the banks of Lake Chicot. With its peaceful surroundings and low population density, it's the perfect place for those looking for a more laid-back lifestyle. The average two bedroom rent in Lake Village is $660, significantly lower than the US average of $1,430. Additionally, the grocery cost index in Lake Village is 92 versus 100 in the US - further demonstrating how much more affordable living here can be! Local companies include Fidelity National Information Services Inc., BancorpSouth Bank, and Crossett Lumber Company - all offering great job opportunities for those looking to move to this town. With an overall cost of living that's much cheaper than most places in the US, it's no surprise that many are flocking to Lake Village for a better quality of life.
Lake Village (zip 71653) has an unemployment rate of 10.1%. The US average is 6.0%.
Lake Village (zip 71653) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 6.2%, which is lower than the US average of 33.5%.
Tax Rates for Lake Village (zip 71653)
- The Sales Tax Rate for Lake Village (zip 71653) is 10.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Village (zip 71653) 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 Village (zip 71653)
- The average income of a Lake Village (zip 71653) resident is $24,862 a year. The US average is $28,555 a year.
- The Median household income of a Lake Village (zip 71653) resident is $44,142 a year. The US average is $69,021 a year.