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 Fort Lauderdale might be more expensive than living in rural Florida, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Fort Lauderdale 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 Fort Lauderdale are the cheapest.
What’s the cheapest neighborhood to live in Fort Lauderdale for 2020? According to the most recent census data, Sunset looks to be the cheaptest Fort Lauderdale 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 Fort Lauderdale. 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 Fort Lauderdale that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Fort Lauderdale.
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.
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- Best Places To Live In Florida
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How We Determined The Cheapest Fort Lauderdale Hoods In 2020
In order to rank the cheapest places to live in Fort Lauderdale, 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 64 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 Fort Lauderdale.” We’re lookin’ at you, Sunset.
Read on below to learn more about what it’s like to live in the cheapest places Fort Lauderdale. 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 Fort Lauderdale For 2020
The median income in Sunset comes in at $63,172 and the median home value is $154,860 for 2020.
The median income in Lauderdale West comes in at $53,438 and the median home value is $73,250 for 2020.
The median income in Bermuda Riviera comes in at $50,094 and the median home value is $207,000 for 2020.
The median income in River Oaks comes in at $56,843 and the median home value is $154,233 for 2020.
The median income in Lake Estates comes in at $55,175 and the median home value is $193,800 for 2020.
The median income in North Golf Estates comes in at $55,175 and the median home value is $193,800 for 2020.
The median income in Flamingo Park comes in at $62,500 and the median home value is $174,000 for 2020.
The median income in Croissant Park comes in at $53,653 and the median home value is $221,567 for 2020.
The median income in Dillard Park comes in at $31,199 and the median home value is $80,667 for 2020.
The median income in Bal Harbour comes in at $94,375 and the median home value is $290,800 for 2020.
Summing Up The Cheapest Places In Fort Lauderdale
If you’re measuring the neighborhoods in Fort Lauderdale where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Fort Lauderdale aren’t all cheap. Poinciana Park takes the title of the most expensive neighborhood to live in Fort Lauderdale.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
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