The 10 Cheapest Denver, CO Neighborhoods To Live In For 2019


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

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

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:

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”.

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 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

Overall SnackAbility

8.5
/10

Population: 123,093
Cost Of Living Index: 106 (2nd cheapest)
Home Value To Income Ratio: 4.2 (3rd cheapest)
Rent To Income Ratio: 0.015 (10th cheapest)
More on Southwestern Denver: Homes For Sale | Data

The median income in Southwestern Denver comes in at $54,762 and the median home value is $227,605 for 2020.

Park Hill Denver, CO

Overall SnackAbility

9
/10

Population: 28,587
Cost Of Living Index: 120 (9th cheapest)
Home Value To Income Ratio: 4.4 (7th cheapest)
Rent To Income Ratio: 0.008 (1st cheapest)
More on Park Hill: Homes For Sale | Data

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.

Overall SnackAbility

8
/10

Population: 25,549
Cost Of Living Index: 107 (3rd cheapest)
Home Value To Income Ratio: 4.3 (4th cheapest)
Rent To Income Ratio: 0.017 (13th cheapest)
More on Northern Denver: Homes For Sale | Data

The median income in Northern Denver comes in at $53,074 and the median home value is $226,148 for 2020.

Overall SnackAbility

8.5
/10

Population: 30,609
Cost Of Living Index: 114 (6th cheapest)
Home Value To Income Ratio: 4.7 (8th cheapest)
Rent To Income Ratio: 0.014 (7th cheapest)
More on Northwestern Denver: Homes For Sale | Data

The median income in Northwestern Denver comes in at $62,992 and the median home value is $293,687 for 2020.

Overall SnackAbility

9
/10

Population: 123,683
Cost Of Living Index: 114 (6th cheapest)
Home Value To Income Ratio: 4.3 (5th cheapest)
Rent To Income Ratio: 0.016 (11th cheapest)
More on Southeastern Denver: Homes For Sale | Data

The median income in Southeastern Denver comes in at $64,624 and the median home value is $277,859 for 2020.

Stapleton Denver, CO

Overall SnackAbility

9
/10

Population: 19,385
Cost Of Living Index: 141 (19th cheapest)
Home Value To Income Ratio: 3.9 (2nd cheapest)
Rent To Income Ratio: 0.013 (5th cheapest)
More on Stapleton: Homes For Sale | Data

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.

Overall SnackAbility

9
/10

Population: 35,927
Cost Of Living Index: 110 (5th cheapest)
Home Value To Income Ratio: 3.3 (1st cheapest)
Rent To Income Ratio: 0.02 (21st cheapest)
More on Gateway-Green Valley Ranch: Homes For Sale | Data

The median income in Gateway-Green Valley Ranch comes in at $68,544 and the median home value is $222,990 for 2020.

Overall SnackAbility

8.5
/10

Population: 15,265
Cost Of Living Index: 125 (13th cheapest)
Home Value To Income Ratio: 4.7 (10th cheapest)
Rent To Income Ratio: 0.013 (4th cheapest)
More on Highland: Homes For Sale | Data

The median income in Highland comes in at $81,071 and the median home value is $382,556 for 2020.

Overall SnackAbility

8
/10

Population: 21,726
Cost Of Living Index: 105 (1st cheapest)
Home Value To Income Ratio: 4.4 (6th cheapest)
Rent To Income Ratio: 0.02 (22nd cheapest)
More on Capitol Hill: Homes For Sale | Data

The median income in Capitol Hill comes in at $47,736 and the median home value is $208,972 for 2020.

Overall SnackAbility

9
/10

Population: 64,393
Cost Of Living Index: 131 (15th cheapest)
Home Value To Income Ratio: 4.7 (9th cheapest)
Rent To Income Ratio: 0.014 (6th cheapest)
More on Central East Denver: Homes For Sale | Data

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:

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

Rank Neighborhood Cost Of Living Index
1 Southwestern Denver 106
2 Park Hill 120
3 Northern Denver 107
4 Northwestern Denver 114
5 Southeastern Denver 114
6 Stapleton 141
7 Gateway-Green Valley Ranch 110
8 Highland 125
9 Capitol Hill 105
10 Central East Denver 131
11 Central West Denver 109
12 Washington Park 145
13 Baker 121
14 Auraria 135
15 Jefferson Park 122
16 Cherry Creek 162
17 Alamo Placita 119
18 City Park 122
19 Golden Triangle 135
20 Five Points 127
21 Lodo 135
22 University 147

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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