Lake City is a city located in the U.S. state of Arkansas. It is within Craighead County and part of the Jonesboro, Arkansas Metropolitan Statistical Area. It has a total area of 3.07 square miles at 35°49′4″N 90°26′24″W. The elevation is 226 feet above sea level. As of the 2010 census data, it had a total population of 2,082. The population density was 792.16/sq mi. Estimated per capita income in 2015 was $35,131. It is using Zip code 72437.