Lake City, AR
Population 2,452 · Arkansas
About Lake City, AR
Lake City is a small community in Arkansas with a population of 2,452 residents. The median household income is $57,449 per year, which is near the national average. The median age in Lake City is 32.6 years.
Housing in Lake City has a median home value of $125,500 and median monthly rent of $827. Of the 1,116 total housing units, the majority are owner-occupied, with 646 owner-occupied and 377 renter-occupied units.
The unemployment rate in Lake City is 7.5% and the poverty rate is 13.4%. 17.4% of residents hold a bachelor's degree or higher. The average commute time is 19.7 minutes.
Cost of Living in Lake City, AR
Compared to national averages, Lake City has a median household income of $57,449 (24% below the national median of $75,149). Home values average $125,500, which is 49% below the national median. Monthly rent at $827 is 29% below the US average of $1,163. Within Arkansas, Lake City's income is 10% above the state average of $52,241, and home values are 0% above the state median of $125,457.
Why Live in Lake City, AR?
Lake City offers affordable housing with a median home value of $125,500, below the US average of $244,900, and rent that’s lower than the national average at $827/month, and short commute times averaging just 19.7 minutes.
Potential considerations include median household income ($57,449) that falls below the national average. However, Lake City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake City has a population of 2,452 with a median age of 32.6 years. Compare Lake City with other cities to see how it stacks up, or explore all cities in Arkansas.
Similar Cities Near Lake City
Cities in Arkansas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Horseshoe Bend | 2,458 | $40,868 | $117,500 | Compare |
| Lavaca | 2,466 | $90,263 | $155,000 | Compare |
| Goshen | 2,488 | $177,604 | $616,800 | Compare |
| Holiday Island | 2,405 | $52,700 | $212,100 | Compare |
| Clinton | 2,506 | $41,447 | $121,300 | Compare |
| Bay | 2,369 | $58,000 | $109,000 | Compare |
| Prairie Creek | 2,367 | $94,457 | $360,200 | Compare |
| Bald Knob | 2,545 | $49,107 | $136,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Arkansas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lake City
What is the population of Lake City, AR?
The population of Lake City, AR is 2,452 according to the latest Census data.
What is the median household income in Lake City?
The median household income in Lake City, AR is $57,449 per year.
What is the median home value in Lake City?
The median home value in Lake City, AR is $125,500.
What is the average rent in Lake City?
The median monthly rent in Lake City, AR is $827.
What is the unemployment rate in Lake City?
The unemployment rate in Lake City, AR is 7.5%.