Alma, AR vs Lake Village, AR

Lake Village is moderately more affordable than Alma, with a 14.2% lower cost of living index. Alma scores 76 compared to 67 for Lake Village, where the US average is 100. This difference means residents of Alma can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Alma is $992/month compared to $850/month in Lake Village — a 17% difference. Home values follow the same pattern: Lake Village is more affordable at $120,200 median vs $197,200.

Median household income in Alma is $58,320 compared to $44,803 in Lake Village (+30.2%). While Alma is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Alma spend roughly 20.4% of their income on rent, less than the 22.8% in Lake Village.