Lake Village, Arkansas Demographics & Population 2026
Demographic data: ACS 2020–2024 five-year estimates. Sources and methodology
During the 2020–2024 ACS period, Lake Village, Arkansas had a total population of 2,144, the 144th largest city in Arkansas, with a median household income of $41,434, which is 32% lower than the state average. The poverty rate is 18.8%.
Key Takeaways
- Household income is 32% below the state average, indicating significant economic challenges.
- Unemployment rate of 10.5% is notably above the national average.
Lake Village Quick Facts
How Lake Village Changed
Change from the non-overlapping 2015–2019 ACS period to 2020–2024. Earlier dollar figures are adjusted to 2024 dollars; changes marked “no clear change” are within the combined 90% margins of error.
| Metric | 2015–2019 | 2020–2024 | Change |
|---|---|---|---|
| Population | 2,294 | 2,144 | No clear change (-6.5%) |
| Median household income | $46,344 | $41,434 | No clear change (-10.6%) |
| Median home value¹ | $84,057 | $133,000 | +58.2% |
| Median gross rent | $688 | $855 | No clear change (+24.3%) |
How Lake Village Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
- White: 32.6%
- Black: 51.5%
- Hispanic: 14.8%
- Asian: 0.2%
- Other: 0.0%
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 51 | National average: 61
Education
Educational Attainment (Adults 25+)
- < High School: 12.4%
- HS Diploma: 40.4%
- Some College: 21.0%
- Associate's: 5.7%
- Bachelor's: 12.4%
- Graduate+: 8.0%
Lake Village Rankings in Arkansas
Explore Arkansas Rankings
Other Cities in Chicot County
Cities Similar to Lake Village
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Carlisle | 2,227 | $41,713 | $164,400 | 14.5% | 11.6% |
| Judsonia | 2,052 | $43,279 | $117,600 | 19.9% | 29.0% |
| Melbourne | 2,263 | $39,469 | $172,800 | 13.4% | 30.8% |
| Lepanto | 2,025 | $44,271 | $76,300 | 7.2% | 17.0% |
| Marked Tree | 2,249 | $45,656 | $96,200 | 13.8% | 27.3% |
Population Overview
Lake Village is a small community located in Arkansas, within Chicot County. The total population is 2,144. It ranks as the 144th most populous out of 614 Census-designated places in Arkansas.
Age Demographics
The median age in Lake Village is 36.4 years. This is 5% lower than the state median of 38.5 years.
Economy, Income & Housing
The median household income in Lake Village is $41,434. This is 32% lower than the state median of $60,773. It is also 49% lower than the national median of $80,734. The poverty rate stands at 18.8%. This is 18% higher than the state poverty rate of 16.0%. The unemployment rate is 10.5%. This is 113% higher than the state rate of 4.9%. The median home value is $133,000. Housing costs are 29% lower than the state median of $188,000. The home-value-to-income ratio is 3.2x. 56.2% of occupied housing units are owner-occupied. This homeownership rate is 15% lower than the state average of 66.4%.
Race & Ethnicity
The largest racial or ethnic group in Lake Village is Black or African American, making up 51.5% of the population. White (non-Hispanic) residents account for 32.6%. The White (non-Hispanic) population (32.6%) is well below the state average of 67.4%. The Black or African American population is significantly higher than the state average (51.5% vs 14.6%). The Hispanic or Latino population is significantly higher than the state average (14.8% vs 9.0%). The Asian population (0.2%) is well below the state average of 1.6%.
Education
20.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 21% 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 87.6%.
Data Sources & Methodology
All demographic data for Lake Village, 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 Village, Arkansas?
Lake Village, Arkansas has a population of 2,144 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lake Village, AR?
The median household income in Lake Village is $41,434, which is 49% lower than the national median of $80,734.
What is the poverty rate in Lake Village, AR?
The poverty rate in Lake Village is 18.8%. This means approximately 395 residents live below the federal poverty line.
What is the racial makeup of Lake Village, Arkansas?
Lake Village's population is 32.6% White, 51.5% Black, 14.8% Hispanic/Latino, and 0.2% Asian.
What is the median home value in Lake Village, AR?
The median home value in Lake Village is $133,000. The home-value-to-income ratio is 3.2x.
How educated is Lake Village, Arkansas?
20.4% of adults (25+) in Lake Village hold a bachelor's degree or higher, and 8.0% hold a graduate or professional degree.