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 Austin might be more expensive than living in rural Texas, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Austin 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 Austin are the cheapest.
What’s the cheapest neighborhood to live in Austin for 2020? According to the most recent census data, North Burnett looks to be the cheaptest Austin 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 Austin. 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 Austin that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Austin.
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.
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How We Determined The Cheapest Austin Hoods In 2020
In order to rank the cheapest places to live in Austin, 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 60 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 Austin.” We’re lookin’ at you, North Burnett.
Read on below to learn more about what it’s like to live in the cheapest places Austin. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.
The 10 Cheapest Neighborhoods To Live In Austin For 2020
The median income in North Burnett comes in at $56,120 and the median home value is $84,867 for 2020.
The median income in Mckinney comes in at $55,700 and the median home value is $128,100 for 2020.
The median income in Riverside comes in at $39,997 and the median home value is $80,760 for 2020.
The median income in Southeast comes in at $48,233 and the median home value is $134,600 for 2020.
The median income in Johnston Terrace comes in at $50,223 and the median home value is $175,350 for 2020.
The median income in University Hills comes in at $56,300 and the median home value is $223,225 for 2020.
The median income in East Congress comes in at $57,876 and the median home value is $116,833 for 2020.
The median income in Allandale comes in at $72,429 and the median home value is $295,242 for 2020.
The median income in Pleasant Valley comes in at $28,283 and the median home value is $40,814 for 2020.
The median income in Windsor Hills comes in at $48,038 and the median home value is $124,975 for 2020.
Summing Up The Cheapest Places In Austin
If you’re measuring the neighborhoods in Austin where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Austin aren’t all cheap. Dawson takes the title of the most expensive neighborhood to live in Austin.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
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