Housing costs in Lake City?
A typical home costs
$124,300, which is 63.2% less expensive than the national average of
$338,100 and 31.6% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Lake City costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 7.7% more than the state average of
$840.
Can I afford Lake City?
To live comfortably in Lake City, Arkansas, a minimum annual income of
$23,760 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Lake City?
Lake City, AR is a great place to live for those who are looking for affordability. The cost of living in Lake City is much lower than the national average, making it an ideal place to live on a budget. The cost of basic necessities like groceries and housing are far cheaper than in other parts of the country, with prices for both being around 10-20% lower than the national averages. Furthermore, Lake City’s tax rates are also relatively low compared to other places, making it an even more attractive option for those who want to save money.