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 Worth might be more expensive than living in rural Texas, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Fort Worth 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 Worth are the cheapest.
What’s the cheapest neighborhood to live in Fort Worth for 2020? According to the most recent census data, Far Northwest looks to be the cheaptest Fort Worth 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 Worth. 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 Worth that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Fort Worth.
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:
- Best Places To Live In Texas
- Best Counties To Live In Texas
- Cheapest Cities To Live In America
- Cheapest States To Live In America
How We Determined The Cheapest Fort Worth Hoods In 2020
In order to rank the cheapest places to live in Fort Worth, 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 16 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 Worth.” We’re lookin’ at you, Far Northwest.
Read on below to learn more about what it’s like to live in the cheapest places Fort Worth. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.
The 5 Cheapest Neighborhoods To Live In Fort Worth For 2020
The median income in Far Northwest comes in at $74,826 and the median home value is $135,505 for 2020.
The median income in Northside comes in at $37,189 and the median home value is $68,951 for 2020.
The median income in South East comes in at $31,691 and the median home value is $53,724 for 2020.
The median income in Far North comes in at $83,972 and the median home value is $156,796 for 2020.
The median income in Northeast comes in at $40,654 and the median home value is $73,740 for 2020.
Summing Up The Cheapest Places In Fort Worth
If you’re measuring the neighborhoods in Fort Worth where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Fort Worth aren’t all cheap. Arlington Heights takes the title of the most expensive neighborhood to live in Fort Worth.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Texas reading, check out:
- Cheapest Places To Live In Texas
- Best Places To Raise A Family In Texas
- Best Places To Retire In Texas
- Richest Cities In Texas
- Safest Places In Texas
- Worst Places To Live In Texas
Detailed List Of The Cheapest Neighborhoods To Live In Fort Worth For 2020
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