Lake Village, AR vs Mena, AR

Mena is moderately more affordable than Lake Village, with a 7.1% lower cost of living index. Lake Village scores 67 compared to 62 for Mena, where the US average is 100. This difference means residents of Lake Village can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lake Village is $850/month compared to $720/month in Mena — a 18% difference. Home values follow the same pattern: Mena is more affordable at $114,200 median vs $120,200.

Median household income in Lake Village is $44,803 compared to $50,875 in Mena (-11.9%). Mena offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Lake Village spend roughly 22.8% of their income on rent, more than the 17% in Mena.