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 Des Moines might be more expensive than living in rural Iowa, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Des Moines 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 Des Moines are the cheapest.
What’s the cheapest neighborhood to live in Des Moines for 2020? According to the most recent census data, Chautauqua Park looks to be the cheaptest Des Moines 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 Des Moines. 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 Des Moines that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Des Moines.
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 Iowa reading, check out:
- Best Places To Live In Iowa
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How We Determined The Cheapest Des Moines Hoods In 2020
In order to rank the cheapest places to live in Des Moines, 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 50 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 Des Moines.” We’re lookin’ at you, Chautauqua Park.
Read on below to learn more about what it’s like to live in the cheapest places Des Moines. 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 Des Moines For 2020
The median income in Chautauqua Park comes in at $55,000 and the median home value is $75,200 for 2020.
The median income in Mckinley School comes in at $43,808 and the median home value is $83,933 for 2020.
The median income in Somerset comes in at $42,112 and the median home value is $29,900 for 2020.
The median income in Oak Park comes in at $48,692 and the median home value is $89,800 for 2020.
The median income in Capitol Park comes in at $39,764 and the median home value is $77,300 for 2020.
The median income in Douglas Acres comes in at $45,030 and the median home value is $103,475 for 2020.
The median income in New Vision comes in at $30,403 and the median home value is $76,300 for 2020.
The median income in Meredith comes in at $65,724 and the median home value is $139,617 for 2020.
The median income in Indianola Hills comes in at $46,731 and the median home value is $102,767 for 2020.
The median income in Union Park comes in at $50,676 and the median home value is $90,933 for 2020.
Summing Up The Cheapest Places In Des Moines
If you’re measuring the neighborhoods in Des Moines where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Des Moines aren’t all cheap. Downtown Des Moines takes the title of the most expensive neighborhood to live in Des Moines.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Iowa reading, check out:
- Cheapest Places To Live In Iowa
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