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The total population of Lake Village is estimated to be 2,084 with 1,077 males (51.68%) and 1,007 females (48.32%). There are 70 less females than males in Lake Village.
The median household income in Lake Village was $43,297 in 2021, which marked an a decrease of 2,143(4.72%) from $45,440 in 2020. This income is 58.03% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Lake Village sees its highest median household income among householders in the age group of 25 to 44 years old, at $70,736. Overall, the median household income for the city of Lake Village stands at $43,297.
In Lake Village, the median income for all workers aged 15 years and older, regardless of work hours, was $23,983 for males and $18,495 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $48,844 for males and $46,209 for females.
In Lake Village, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Asian households have the highest median household income at $97,733, while Black or African American households represent the opposite end with the lowest median household income of $34,589.
In 2022, the population of Lake Village was 1,985, a 2.36% decrease year-by-year from 2021. Previously, in 2021, Lake Village's population was 2,033, a decline of 1.17% compared to a population of 2,057 in 2020.
The median age in Lake Village, AR is 38.6, as per 2021 ACS 5-Year Estimates. Of the total population, 19.49% were under the age of 15, 16.91% aged 15 to 29, 42.15% aged 30 to 64, 17.85% aged 65 to 84, and 3.60% were 85 years of age and older.
Racial distribution of Lake Village population: 39.83% are White, 52.65% are Black or African American, 1.60% are Asian and 5.92% are multiracial.