Altus, AR vs Lake City, AR

Altus is moderately more affordable than Lake City, with a 8.4% lower cost of living index. Altus scores 60 compared to 65 for Lake City, where the US average is 100. This difference means residents of Lake City can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Altus is $657/month compared to $827/month in Lake City — a 21% difference. Home values follow the same pattern: Altus is more affordable at $110,500 median vs $125,500.

Median household income in Altus is $37,656 compared to $57,449 in Lake City (-34.5%). While Lake City is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Altus spend roughly 20.9% of their income on rent, more than the 17.3% in Lake City.