Berryville, AR vs Lake Village, AR

Berryville, AR and Lake Village, AR have a very similar cost of living, with only a 1.7% difference in their overall index. Berryville scores 68 while Lake Village scores 67 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Berryville is $798/month compared to $850/month in Lake Village — a 6% difference. Interestingly, home values tell a different story: while Berryville has cheaper rent, Lake Village actually has lower median home values ($120,200 vs $153,500).

Median household income in Berryville is $39,548 compared to $44,803 in Lake Village (-11.7%). Lake Village offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Berryville spend roughly 24.2% of their income on rent, more than the 22.8% in Lake Village.