The 10 Cheapest Dallas, TX Neighborhoods To Live In For 2019


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

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

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

So what exactly are those Dallas 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 Dallas are the cheapest.

What’s the cheapest neighborhood to live in Dallas for 2019? According to the most recent census data, Lake Highlands looks to be the cheaptest Dallas 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 Dallas. 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 Dallas that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Dallas.

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 Texas reading, check out:

How We Determined The Cheapest Dallas Hoods In 2019

In order to rank the cheapest places to live in Dallas, 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 32 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 Dallas.’ We’re lookin’ at you, Lake Highlands.

Read on below to learn more about what it’s like to live in the cheapest places Dallas. 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 Dallas For 2019

Overall SnackAbility

7
/10

Population: 55,362
Cost Of Living Index: 86 (6th cheapest)
Home Value To Income Ratio: 1.4 (1st cheapest)
Rent To Income Ratio: 0.016 (10th cheapest)
More on Lake Highlands: Homes For Sale | Data

The median income in Lake Highlands comes in at $50,989 and the median home value is $69,620 for 2019.

Overall SnackAbility

5
/10

Population: 36,321
Cost Of Living Index: 85 (3rd cheapest)
Home Value To Income Ratio: 1.9 (6th cheapest)
Rent To Income Ratio: 0.018 (15th cheapest)
More on Wolf Creek: Homes For Sale | Data

The median income in Wolf Creek comes in at $37,023 and the median home value is $69,264 for 2019.

Overall SnackAbility

5
/10

Population: 10,475
Cost Of Living Index: 86 (6th cheapest)
Home Value To Income Ratio: 1.6 (4th cheapest)
Rent To Income Ratio: 0.018 (20th cheapest)
More on Love Field Area: Homes For Sale | Data

The median income in Love Field Area comes in at $41,582 and the median home value is $68,588 for 2019.

South Dallas Dallas, TX

Overall SnackAbility

4
/10

Population: 28,901
Cost Of Living Index: 85 (3rd cheapest)
Home Value To Income Ratio: 1.7 (5th cheapest)
Rent To Income Ratio: 0.023 (27th cheapest)
More on South Dallas: Homes For Sale | Data

South Dallas is an area in Dallas, Texas. It is south of Downtown Dallas, bordered by Highway 67 on the west and Highway 175 down to the Trinity River on the east. In recent years the City of Dallas and organizations including Dallas Area Habitat for Humanity and Rebuilding Together Dallas have begun revitalizing the area in an effort to make the area more attractive to homeowners and foster economic development.

The median income in South Dallas comes in at $34,588 and the median home value is $60,262 for 2019.

Overall SnackAbility

8
/10

Population: 874
Cost Of Living Index: 95 (15th cheapest)
Home Value To Income Ratio: 1.6 (3rd cheapest)
Rent To Income Ratio: 0.018 (19th cheapest)
More on West End Historic District: Homes For Sale | Data

The median income in West End Historic District comes in at $69,306 and the median home value is $111,150 for 2019.

Overall SnackAbility

8.5
/10

Population: 241,397
Cost Of Living Index: 99 (18th cheapest)
Home Value To Income Ratio: 2.9 (15th cheapest)
Rent To Income Ratio: 0.013 (7th cheapest)
More on Northeast Dallas: Homes For Sale | Data

The median income in Northeast Dallas comes in at $64,134 and the median home value is $183,362 for 2019.

Overall SnackAbility

4
/10

Population: 63,686
Cost Of Living Index: 84 (1st cheapest)
Home Value To Income Ratio: 2.1 (8th cheapest)
Rent To Income Ratio: 0.027 (31st cheapest)
More on Cedar Crest: Homes For Sale | Data

The median income in Cedar Crest comes in at $26,592 and the median home value is $55,183 for 2019.

Overall SnackAbility

6
/10

Population: 105,590
Cost Of Living Index: 90 (14th cheapest)
Home Value To Income Ratio: 2.1 (9th cheapest)
Rent To Income Ratio: 0.018 (18th cheapest)
More on Southwest Dallas: Homes For Sale | Data

The median income in Southwest Dallas comes in at $46,755 and the median home value is $97,790 for 2019.

South Boulevard-Park Row Dallas, TX

Overall SnackAbility

4
/10

Population: 26,359
Cost Of Living Index: 85 (3rd cheapest)
Home Value To Income Ratio: 2.1 (10th cheapest)
Rent To Income Ratio: 0.026 (29th cheapest)
More on South Boulevard-Park Row: Homes For Sale | Data

South Boulevard-Park Row Historic District is located in the southern part of Dallas, Texas.

It was added to the National Register in February 5, 1979.

The median income in South Boulevard-Park Row comes in at $30,213 and the median home value is $64,083 for 2019.

Near East Dallas, TX

Overall SnackAbility

8
/10

Population: 11,216
Cost Of Living Index: 97 (16th cheapest)
Home Value To Income Ratio: 1.6 (2nd cheapest)
Rent To Income Ratio: 0.02 (24th cheapest)
More on Near East: Homes For Sale | Data

East Dallas, also referred to by the East Dallas Chamber of Commerce as the Lake & Garden District, is an expansive area of numerous communities and neighborhoods in Dallas, Texas that border nearby suburban cities to the east. Such as Garland, Mesquite, and Balch Springs, Texas.

The median income in Near East comes in at $72,418 and the median home value is $112,600 for 2019.

Summing Up The Cheapest Places In Dallas

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

As we mentioned earlier, the neighborhoods in Dallas aren’t all cheap. Farmers Market District takes the title of the most expensive neighborhood to live in Dallas.

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

For more Texas reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Dallas For 2019

Rank Neighborhood Cost Of Living Index
1 Lake Highlands 86
2 Wolf Creek 85
3 Love Field Area 86
4 South Dallas 85
5 West End Historic District 95
6 Northeast Dallas 99
7 Cedar Crest 84
8 Southwest Dallas 90
9 South Boulevard-Park Row 85
10 Near East 97
11 Far North 104
12 Urbandale-Parkdale 86
13 City Center District 101
14 Cockrell Hill 88
15 Preston Hollow 110
16 Winnetka Heights 88
17 Oak Lawn 109
18 Southeast Dallas 87
19 Oak Cliff 99
20 M Streets 110
21 Eagle Ford 89
22 Five Mile Creek 87
23 Bluffview 133
24 North Dallas 136
25 University Park 214
26 Reunion District 125
27 Main Street District 116
28 Government District 116
29 Highland Park 238
30 Northwest Dallas 87
31 Convention Center District 141
32 Farmers Market District 132

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.

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