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 Denver might be more expensive than living in rural Colorado, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Denver 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 Denver are the cheapest.
What’s the cheapest neighborhood to live in Denver for 2020? According to the most recent census data, Southwestern Denver looks to be the cheaptest Denver 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 Denver. 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 Denver that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Denver.
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 Colorado reading, check out:
- Best Places To Live In Colorado
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- Cheapest States To Live In America
How We Determined The Cheapest Denver Hoods In 2020
In order to rank the cheapest places to live in Denver, 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 22 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 Denver.” We’re lookin’ at you, Southwestern Denver.
Read on below to learn more about what it’s like to live in the cheapest places Denver. 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 Denver For 2020
The median income in Southwestern Denver comes in at $54,762 and the median home value is $227,605 for 2020.
Park Hill is a neighborhood in Denver, Colorado, U.S. Located in the northeastern quadrant of the city, it is bordered by Colorado Boulevard on the west, East Colfax Avenue on the south, Quebec Street on the east, and East 52nd Avenue on the north. The entire Park Hill neighborhood is located in the area known as East Denver. It is further divided by the City and County of Denver into three administrative neighborhoods, South Park Hill, North Park Hill, and Northeast Park Hill.
The median income in Park Hill comes in at $82,311 and the median home value is $366,040 for 2020.
The median income in Northern Denver comes in at $53,074 and the median home value is $226,148 for 2020.
The median income in Northwestern Denver comes in at $62,992 and the median home value is $293,687 for 2020.
The median income in Southeastern Denver comes in at $64,624 and the median home value is $277,859 for 2020.
Stapleton is a neighborhood in Denver and Aurora, Colorado. Located 15 minutes Northeast of downtown Denver, the development is on the site of the decommissioned Stapleton International Airport, which closed in 1995. Now referred to as the Stapleton Community, Stapleton contains nine neighborhoods, nine schools public/private, 50 parks, several shopping and business districts, even its own visitor center. Since April of 2016, Stapleton has been connected to the rest of the Denver metro area by RTD’s A line, a recently opened commuter rail.
The median income in Stapleton comes in at $120,028 and the median home value is $469,300 for 2020.
The median income in Gateway-Green Valley Ranch comes in at $68,544 and the median home value is $222,990 for 2020.
The median income in Highland comes in at $81,071 and the median home value is $382,556 for 2020.
The median income in Capitol Hill comes in at $47,736 and the median home value is $208,972 for 2020.
The median income in Central East Denver comes in at $88,432 and the median home value is $416,967 for 2020.
Summing Up The Cheapest Places In Denver
If you’re measuring the neighborhoods in Denver where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Denver aren’t all cheap. University takes the title of the most expensive neighborhood to live in Denver.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Colorado reading, check out:
- Cheapest Places To Live In Colorado
- Best Places To Raise A Family In Colorado
- Best Places To Retire In Colorado
- Richest Cities In Colorado
- Safest Places In Colorado
- Worst Places To Live In Colorado
Detailed List Of The Cheapest Neighborhoods To Live In Denver For 2020
|Rank||Neighborhood||Cost Of Living Index|
|7||Gateway-Green Valley Ranch||110|
|10||Central East Denver||131|
|11||Central West Denver||109|