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Lake Village, AR
Full City Profile · Arkansas · Chicot County County
3.0
/5.0
B
Good
2,280
Population
954/sq mi density
$44,803
Median Income
$24,477 per capita
$120,200
Home Value
$171,774 Zillow
$850
Median Rent
26.1% income on rent
64°F
Avg Temperature
323 sunny days/yr
892
Violent Crime/100K
3,034 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$44,803 median income, 4.2% unemployment
A+
Affordability
5.0 / 5.0
$120,200 home value, $850/mo rent
F
Safety
1.0 / 5.0
892 violent crimes/100K (135% above avg)
C+
Education
2.7 / 5.0
21.4% bachelor's degree or higher
Income Overview
Median Household Income
$44,803
40% below
US avg: $75,149
Per Capita Income
$24,477
37% below
US avg: $39,052
Unemployment Rate
4.2%
17% above
US avg: 3.6%
Poverty Rate
14.5%
17% above
US avg: 12.4%
Income Comparison: Lake Village vs. U.S. Average
Each bar shows Lake Village’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$44,803
60%
Per Capita
US: $39,052
$24,477
63%
IRS Avg AGI
US: $72,000
$53,531
74%
Avg Weekly Wage
US: $1,432
$835
58%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$835
42% below US avg ($1,432)
Mean Commute Time
15 min
46% below US avg (28 min)
Work From Home
6.6%
57% below US avg (15.2%)
Drive Alone
82.8%
13% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$372M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
82.8%
Public Transit
0%
Work From Home
6.6%
Other
10.6%
Average commute time
15 minutes
US avg: 28 min
Business Landscape
Total Establishments
350
Restaurants
15
Healthcare
30
Retail
44
Manufacturing
3
Tax & Financial
IRS Avg Adjusted Gross Income
$53,531
26% below US avg ($72,000)
Avg Property Tax
$2,067
41% below US avg ($3,500)
Cost of Living Index
86.9
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $44,803 |
| Per Capita Income | $24,477 |
| IRS Avg Adjusted Gross Income | $53,531 |
| Avg Weekly Wage | $835 |
| County GDP | $372M |
Hardship Indicators
| Unemployment Rate | 4.2% |
| Poverty Rate | 14.5% |
| Gini Coefficient | 0.556 |
| Cost of Living Index | 86.9 |
Commute
| Mean Commute | 15 minutes |
| Drive Alone | 82.8% |
| Public Transit | 0.0% |
| Work From Home | 6.6% |
Businesses
| Total Establishments | 350 |
| Restaurants | 15 |
| Healthcare | 30 |
| Retail | 44 |
| Manufacturing | 3 |
Tax
| IRS Avg AGI | $53,531 |
| Avg Property Tax | $2,067 |