The 10 Cheapest Chicago, IL Neighborhoods To Live In For 2019


We used science and data to determine which neighborhoods in Chicago are the cheapest of the cheap.

Editor’s Note: This is our first time ranking the cheapest neighborhoods to live in Chicago.
Cheapest Neighborhoods In Chicago

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 Chicago might be more expensive than living in rural Illinois, there are certain neighborhoods that are definitely cheaper.

So what exactly are those Chicago 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 Chicago are the cheapest.

What’s the cheapest neighborhood to live in Chicago for 2020? According to the most recent census data, Ashburn looks to be the cheaptest Chicago 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 Chicago. 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 Chicago that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Chicago.

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 Illinois reading, check out:

How We Determined The Cheapest Chicago Hoods In 2020

In order to rank the cheapest places to live in Chicago, we had to determine what criteria defines “cheap”.

Using census and extrapolated BLS data, we arrived at the following set of criteria:

  • Overall Cost Of Living
  • Rent To Income Ratio
  • Median Home Value To Income Ratio

We then ranked each neighborhood with scores from 1 to 77 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 Chicago.” We’re lookin’ at you, Ashburn.

Read on below to learn more about what it’s like to live in the cheapest places Chicago. 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 Chicago For 2020

Overall SnackAbility

8
/10

Population: 43,133
Cost Of Living Index: 100 (19th cheapest)
Home Value To Income Ratio: 2.4 (3rd cheapest)
Rent To Income Ratio: 0.007 (6th cheapest)
More on Ashburn: Homes For Sale | Data

The median income in Ashburn comes in at $66,956 and the median home value is $159,289 for 2020.

Overall SnackAbility

8
/10

Population: 9,039
Cost Of Living Index: 100 (19th cheapest)
Home Value To Income Ratio: 2.3 (2nd cheapest)
Rent To Income Ratio: 0.01 (8th cheapest)
More on Hegewisch: Homes For Sale | Data

The median income in Hegewisch comes in at $61,614 and the median home value is $140,800 for 2020.

Overall SnackAbility

10
/10

Population: 18,990
Cost Of Living Index: 107 (42nd cheapest)
Home Value To Income Ratio: 2.4 (5th cheapest)
Rent To Income Ratio: 0.005 (2nd cheapest)
More on Mount Greenwood: Homes For Sale | Data

The median income in Mount Greenwood comes in at $91,682 and the median home value is $224,582 for 2020.

Pullman Chicago, IL

Overall SnackAbility

4
/10

Population: 6,565
Cost Of Living Index: 97 (9th cheapest)
Home Value To Income Ratio: 2.8 (11th cheapest)
Rent To Income Ratio: 0.018 (33rd cheapest)
More on Pullman: Homes For Sale | Data

The area known as Pullman encompasses a much wider area than its two historic areas. This article deals with all areas. The development built by the Pullman Company is bounded by 103rd Street on the North, 115th Street on the South, the railroad tracks on the East and Cottage Grove on the West.

Since the late 20th century, the Pullman neighborhood has been gentrifying. Many residents are involved in the restoration of their own homes, and projects throughout the district as a whole. Walking tours of Pullman are available.

The median income in Pullman comes in at $38,397 and the median home value is $107,912 for 2020.

Overall SnackAbility

8
/10

Population: 33,314
Cost Of Living Index: 102 (28th cheapest)
Home Value To Income Ratio: 3.1 (18th cheapest)
Rent To Income Ratio: 0.011 (10th cheapest)
More on West Lawn: Homes For Sale | Data

The median income in West Lawn comes in at $52,390 and the median home value is $161,496 for 2020.

Overall SnackAbility

8.5
/10

Population: 24,934
Cost Of Living Index: 104 (34th cheapest)
Home Value To Income Ratio: 2.8 (13th cheapest)
Rent To Income Ratio: 0.011 (9th cheapest)
More on Clearing: Homes For Sale | Data

The median income in Clearing comes in at $61,588 and the median home value is $174,810 for 2020.

Overall SnackAbility

7
/10

Population: 13,240
Cost Of Living Index: 101 (24th cheapest)
Home Value To Income Ratio: 3.1 (20th cheapest)
Rent To Income Ratio: 0.014 (14th cheapest)
More on Calumet Heights: Homes For Sale | Data

The median income in Calumet Heights comes in at $49,176 and the median home value is $152,919 for 2020.

Overall SnackAbility

6
/10

Population: 26,845
Cost Of Living Index: 101 (24th cheapest)
Home Value To Income Ratio: 2.6 (6th cheapest)
Rent To Income Ratio: 0.017 (30th cheapest)
More on Washington Heights: Homes For Sale | Data

The median income in Washington Heights comes in at $49,725 and the median home value is $130,192 for 2020.

South Deering Chicago, IL

Overall SnackAbility

4
/10

Population: 14,598
Cost Of Living Index: 96 (5th cheapest)
Home Value To Income Ratio: 2.4 (4th cheapest)
Rent To Income Ratio: 0.022 (51st cheapest)
More on South Deering: Homes For Sale | Data

It is part of the 10th Ward, once under the control of former Richard J. Daley ally Alderman Edward Vrdolyak. Primarily an industrial neighborhood, a small group of homes exists in the northeast corner and Lake Calumet takes up a large portion of the area. 80% of the community is zoned as industrial, natural wetlands, or parks. The remaining 20% is zoned for residential and small-scale commercial uses.

The median income in South Deering comes in at $37,207 and the median home value is $88,955 for 2020.

Overall SnackAbility

8.5
/10

Population: 35,441
Cost Of Living Index: 106 (40th cheapest)
Home Value To Income Ratio: 2.9 (14th cheapest)
Rent To Income Ratio: 0.008 (7th cheapest)
More on Garfield Ridge: Homes For Sale | Data

The median income in Garfield Ridge comes in at $69,182 and the median home value is $197,874 for 2020.

Summing Up The Cheapest Places In Chicago

If you’re measuring the neighborhoods in Chicago where prices are low and it’s cheap to live, this is an accurate list.

As we mentioned earlier, the neighborhoods in Chicago aren’t all cheap. Armour Square takes the title of the most expensive neighborhood to live in Chicago.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more Illinois reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Chicago For 2020

Rank Neighborhood Cost Of Living Index
1 Ashburn 100
2 Hegewisch 100
3 Mount Greenwood 107
4 Pullman 97
5 West Lawn 102
6 Clearing 104
7 Calumet Heights 101
8 Washington Heights 101
9 South Deering 96
10 Garfield Ridge 106
11 Morgan Park 107
12 East Side 99
13 West Elsdon 104
14 Beverly 115
15 Chatham 97
16 South Chicago 96
17 Riverdale 86
18 Avalon Park 103
19 West Pullman 98
20 Gage Park 100
21 West Englewood 96
22 Montclare 107
23 Roseland 100
24 Englewood 93
25 New City 98
26 Edison Park 123
27 Norwood Park 116
28 Dunning 112
29 Forest Glen 130
30 Douglas 102
31 Auburn Gresham 99
32 Grand Crossing 98
33 Chicago Lawn 100
34 O’hare 105
35 Burnside 96
36 Archer Heights 107
37 Jefferson Park 118
38 Oakland 102
39 South Lawndale 100
40 Loop 131
41 Pottage Park 115
42 Washington Park 97
43 Austin 103
44 North Park 118
45 Uptown 109
46 Brighton Park 105
47 Fuller Park 96
48 West Ridge 114
49 Near West Side 117
50 Lake View 133
51 Humboldt Park 104
52 Belmont Cragin 110
53 Near South Side 128
54 Mckinley Park 109
55 Grand Boulevard 104
56 Albany Park 118
57 Irving Park 120
58 Near North Side 142
59 North Lawndale 100
60 Edgewater 115
61 Logan Square 127
62 Lincoln Park 150
63 Lincoln Square 132
64 West Town 137
65 North Center 153
66 Woodlawn 101
67 Rogers Park 109
68 Lower West Side 110
69 Hyde Park 119
70 Kenwood 115
71 Bridgeport 117
72 East Garfield Park 103
73 West Garfield Park 102
74 Avondale 119
75 Hermosa 113
76 South Shore 105
77 Armour Square 110

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

One thought on “The 10 Cheapest Chicago, IL Neighborhoods To Live In For 2019

  1. I would have to disagree with the median income for the neighborhood of Calumet Heights, especially the sub-community Pill Hill within Calumet Heights. Most of the homes, especially the older homes that are kept in good shape, and the homes that have been renovated are between $190,000 to $250,000. This community on the SouthEast Side is considered one of the elite and best Black communities to live in, due to its interesting historical factors. Although, the city of Chicago has rezoned a lot of the community (including all of the neighborhoods in Chicago) which the ward included some areas into the “Calumet Heights” community which never were before (such as some of the homes from the near community of South Chicago), deters some of the homes price points-this, of course, has to do with politics. But the median homes for Calumet Heights (Pill Hill) is $190,000 and many are $220,000 to $250,000.

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