Lake Providence, LA
Population 3,424 · Louisiana
About Lake Providence, LA
Lake Providence is a small town located in Louisiana with a population of 3,424 residents according to the latest US Census Bureau American Community Survey data. The median household income is $24,670 per year, which is 67% below the national median of $75,149. The median age of 28 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Lake Providence features a median home value of $75,200, which is 69% below the national median of $244,900. This makes Lake Providence one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $762, 34% below the national average of $1,163/month. Of the 1,942 total housing units, 48% are owner-occupied (673 units) and 52% are renter-occupied (739 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Lake Providence shows an unemployment rate of 11.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 40.7%, above the national average of 12.4%. Workers in Lake Providence have an average one-way commute time of 15.8 minutes, one of the shorter commutes in the region.
Education & Demographics
15.6% of Lake Providence residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Lake Providence Ranks in Louisiana
Cost of Living in Lake Providence, LA
Compared to national averages, Lake Providence has a median household income of $24,670 (67% below the national median of $75,149). Home values average $75,200, which is 69% below the national median. Monthly rent at $762 is 34% below the US average of $1,163. Within Louisiana, Lake Providence's income is 55% below the state average of $54,685, and home values are 52% below the state median of $156,619.
Why Live in Lake Providence, LA?
Lake Providence offers affordable housing with a median home value of $75,200, below the US average of $244,900, and rent that’s lower than the national average at $762/month, and short commute times averaging just 15.8 minutes.
Potential considerations include median household income ($24,670) that falls below the national average. However, Lake Providence’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Providence has a population of 3,424 with a median age of 28 years. Compare Lake Providence with other cities to see how it stacks up, or explore all cities in Louisiana.
Similar Cities Near Lake Providence
Cities in Louisiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Blanchard | 3,452 | $80,142 | $212,500 | Compare |
| Farmerville | 3,331 | $22,191 | $111,100 | Compare |
| Welsh | 3,323 | $75,709 | $187,900 | Compare |
| Bunkie | 3,299 | $21,634 | $84,200 | Compare |
| Rayville | 3,297 | $24,474 | $111,600 | Compare |
| Iowa | 3,246 | $72,868 | $243,200 | Compare |
| Vinton | 3,245 | $41,063 | $108,900 | Compare |
| Franklinton | 3,615 | $32,339 | $187,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Louisiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake Providence With Other Cities
Frequently Asked Questions about Lake Providence
What is the population of Lake Providence, LA?
The population of Lake Providence, LA is 3,424 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Louisiana.
What is the median household income in Lake Providence?
The median household income in Lake Providence, LA is $24,670 per year, which is 67% below the national median of $75,149.
What is the median home value in Lake Providence?
The median home value in Lake Providence, LA is $75,200, which is 69% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Lake Providence?
The median monthly rent in Lake Providence, LA is $762, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Lake Providence?
The unemployment rate in Lake Providence, LA is 11.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Providence, LA a good place to live?
Lake Providence offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 3,424 and a median age of 28, the city appeals to young professionals and families.
How educated is Lake Providence, LA?
15.6% of residents in Lake Providence aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lake Providence?
Key cost-of-living indicators for Lake Providence, LA: median home value is $75,200 (69% below national), median rent is $762/month, and median household income is $24,670. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Providence?
The poverty rate in Lake Providence, LA is 40.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Lake Providence, LA?
Lake Providence's population is 0.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 75.1% two or more races. 0.0% of residents are foreign-born.