Lake City, Arkansas Demographics & Population 2026
During the 2020–2024 ACS period, Lake City, Arkansas had a total population of 2,531, the 124th largest city in Arkansas, with a median household income of $60,273, which is about the same as the state average. The poverty rate is 12.3%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Lake City Quick Facts
How Lake City Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 2,452 | 2,531 | +3.2% |
| Median household income | $57,449 | $60,273 | +4.9% |
| Median home value | $125,500 | $152,000 | +21.1% |
How Lake City Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 51 | National average: 61
Education
Educational Attainment (Adults 25+)
Lake City Rankings in Arkansas
Explore Arkansas Rankings
Other Cities in Craighead County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Jonesboro | 80,137 | $55,424 | 22.8% | $223,200 |
| Brookland | 4,377 | $57,308 | 12.5% | $169,200 |
| Bono | 2,657 | $56,098 | 17.1% | $162,100 |
| Bay | 2,333 | $59,769 | 14.8% | $118,400 |
| Monette | 1,251 | $54,167 | 10.3% | $114,200 |
| Caraway | 1,087 | $38,558 | 19.5% | $85,900 |
| Cash | 278 | $49,500 | 37.7% | $90,300 |
| Black Oak | 179 | $54,643 | 22.6% | $68,400 |
| Egypt | 57 | $28,750 | 35.1% | $75,000 |
| Bowman | 30 | N/A | 0.0% | N/A |
Cities Similar to Lake City
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Fairfield Bay | 2,515 | $56,594 | $164,800 | 30.1% | 11.4% |
| Charleston | 2,646 | $56,600 | $156,300 | 21.5% | 9.9% |
| Holiday Island | 2,480 | $53,391 | $227,100 | 24.7% | 3.1% |
| Smackover | 2,419 | $55,995 | $118,600 | 22.4% | 26.7% |
| Bono | 2,657 | $56,098 | $162,100 | 19.9% | 17.1% |
Population Overview
Lake City is a small community located in Arkansas, within Craighead County. The total population is 2,531. It ranks as the 124th most populous out of 614 Census-designated places in Arkansas.
Age Demographics
The median age in Lake City is 32.1 years. This is 17% lower than the state median of 38.5 years.
Economy, Income & Housing
The median household income in Lake City is $60,273. This is about the same as the state median of $60,773. It is also 25% lower than the national median of $80,734. The poverty rate stands at 12.3%. This is 23% lower than the state poverty rate of 16.0%. The unemployment rate is 7.0%. This is 41% higher than the state rate of 4.9%. The median home value is $152,000. Housing costs are 19% lower than the state median of $188,000. With a home-value-to-income ratio of just 2.5x, Lake City is one of the most affordable housing markets in the area. 65.8% of occupied housing units are owner-occupied.
Race & Ethnicity
Lake City has a predominantly White (non-Hispanic) population, comprising 90.9% of all residents. Hispanic or Latino residents account for 1.8%. The Black or African American population (1.2%) is well below the state average of 14.6%. The Hispanic or Latino population (1.8%) is well below the state average of 9.0%.
Education
16.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 36% lower than the state rate of 25.7%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.5%.
Data Sources & Methodology
All demographic data for Lake City, Arkansas is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Arkansas state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 614 Census-designated places in Arkansas. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Lake City, Arkansas?
Lake City, Arkansas has a population of 2,531 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lake City, AR?
The median household income in Lake City is $60,273, which is 25% lower than the national median of $80,734.
What is the poverty rate in Lake City, AR?
The poverty rate in Lake City is 12.3%. This means approximately 301 residents live below the federal poverty line.
What is the racial makeup of Lake City, Arkansas?
Lake City's population is 90.9% White, 1.2% Black, 1.8% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Lake City, AR?
The median home value in Lake City is $152,000. The home-value-to-income ratio is 2.5x.
How educated is Lake City, Arkansas?
16.5% of adults (25+) in Lake City hold a bachelor's degree or higher, and 6.1% hold a graduate or professional degree.