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 Henderson might be more expensive than living in rural Nevada, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Henderson 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 Henderson are the cheapest.
What’s the cheapest neighborhood to live in Henderson for 2020? According to the most recent census data, Townsite looks to be the cheaptest Henderson 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 Henderson. 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 Henderson that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Henderson.
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 Nevada reading, check out:
- Best Places To Live In Nevada
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How We Determined The Cheapest Henderson Hoods In 2020
In order to rank the cheapest places to live in Henderson, 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 23 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 Henderson.” We’re lookin’ at you, Townsite.
Read on below to learn more about what it’s like to live in the cheapest places Henderson. 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 Henderson For 2020
The median income in Townsite comes in at $48,803 and the median home value is $114,183 for 2020.
The median income in Black Mountain comes in at $66,505 and the median home value is $198,157 for 2020.
The median income in Midway comes in at $70,488 and the median home value is $175,250 for 2020.
Green Valley is an upscale neighborhood of Henderson, Nevada. Green Valley is Southern Nevadas first master-planned community built before Summerlin. The Green Valley Master Community development was founded in 1978 by American Nevada Corporation in an area of 8,400 acres on the southeast part of the Las Vegas Valley. Smaller enclaves called Green Valley Ranch and Green Valley South in later years within the boundaries of the master community. Green Valley South began construction around 1985, while Green Valley Ranch began construction in 1994. It is an upscale community with many amenities. Shopping, bars, and restaurants reside at The District at Green Valley Ranch. Green Valley postal codes include: all of 89074, 89014, and 89012. Green Valley Ranch extends into the eastern areas of the zip code of 89052.
The median income in Green Valley South comes in at $80,779 and the median home value is $221,486 for 2020.
The median income in River Mountain comes in at $70,492 and the median home value is $194,970 for 2020.
The median income in Clark County comes in at $77,871 and the median home value is $220,900 for 2020.
The median income in Highland Hills comes in at $68,711 and the median home value is $163,471 for 2020.
The median income in Foothills comes in at $73,730 and the median home value is $223,900 for 2020.
The median income in Whitney Ranch comes in at $49,152 and the median home value is $151,662 for 2020.
The median income in Pittman comes in at $46,221 and the median home value is $131,633 for 2020.
Summing Up The Cheapest Places In Henderson
If you’re measuring the neighborhoods in Henderson where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Henderson aren’t all cheap. Lake Las Vegas takes the title of the most expensive neighborhood to live in Henderson.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Nevada reading, check out:
- Best Places To Raise A Family In Nevada
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Detailed List Of The Cheapest Neighborhoods To Live In Henderson For 2020
|Rank||Neighborhood||Cost Of Living Index|
|4||Green Valley South||105|
|17||Green Valley North||104|
|19||Green Valley Ranch||119|
|23||Lake Las Vegas||135|