Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.
I’d much rather pay $500/mo in rent than $1,000. And I’d rather pay $2 for coffee than $5.
And while every neighbhorhood in Alexandria might be more expensive than living in rural Virginia, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Alexandria neighborhoods where your dollar goes a little further — you can get that one bedroom instead of the studio?
Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Alexandria are the cheapest.
What’s the cheapest neighborhood to live in Alexandria for 2020? According to the most recent census data, Seminary Hill looks to be the cheaptest Alexandria neighborhood to live in.
At this point we should make it clear that you do get what you pay for — some of these neighborhoods might not be the best places to live in Alexandria. You could be sacrificing location or crime rates in return for more space and cheaper groceries.
Read on to see how we determined the places around Alexandria that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Alexandria.
Once you’re done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.
For more Virginia reading, check out:
- Best Places To Live In Virginia
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How We Determined The Cheapest Alexandria Hoods In 2020
In order to rank the cheapest places to live in Alexandria, we had to determine what criteria defines “cheap”.
- Overall Cost Of Living
- Rent To Income Ratio
- Median Home Value To Income Ratio
We then ranked each neighborhood with scores from 1 to 15 in each category, where 1 was the cheapest.
Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.
And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the “Cheapest City Neighborhood In Alexandria.” We’re lookin’ at you, Seminary Hill.
Read on below to learn more about what it’s like to live in the cheapest places Alexandria. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.
The 5 Cheapest Neighborhoods To Live In Alexandria For 2020
Seminary Hill is a mostly residential, single-family dwelling area near the Virginia Theological Seminary, Episcopal High School and St. Stephen’s & St. Agnes School off of Seminary Road, ending in the area just west of the Inova Alexandria Hospital.
The median income in Seminary Hill comes in at $98,247 and the median home value is $358,055 for 2020.
The median income in Taylor Run comes in at $124,230 and the median home value is $487,943 for 2020.
The median income in Landmark-Van Dom comes in at $79,110 and the median home value is $238,656 for 2020.
The median income in Alexandria Wrest comes in at $69,390 and the median home value is $215,805 for 2020.
The median income in Fairlington-Bradlee comes in at $120,648 and the median home value is $407,750 for 2020.
Summing Up The Cheapest Places In Alexandria
If you’re measuring the neighborhoods in Alexandria where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Alexandria aren’t all cheap. Southwest Wuadrant takes the title of the most expensive neighborhood to live in Alexandria.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Virginia reading, check out:
- Cheapest Places To Live In Virginia
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Detailed List Of The Cheapest Neighborhoods To Live In Alexandria For 2020
|Rank||Neighborhood||Cost Of Living Index|
|7||Old Town North||147|
|9||King St Metro||154|
|11||Potomac Yard-Potomac Greens||154|
|12||Braddock Road Metro||172|