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 Irvine might be more expensive than living in rural California, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Irvine 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 Irvine are the cheapest.
What’s the cheapest neighborhood to live in Irvine for 2020? According to the most recent census data, Turtle Ridge looks to be the cheaptest Irvine 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 Irvine. 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 Irvine that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Irvine.
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 California reading, check out:
- Best Places To Live In California
- Best Counties To Live In California
- Cheapest Cities To Live In America
- Cheapest States To Live In America
How We Determined The Cheapest Irvine Hoods In 2020
In order to rank the cheapest places to live in Irvine, 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 21 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 Irvine.” We’re lookin’ at you, Turtle Ridge.
Read on below to learn more about what it’s like to live in the cheapest places Irvine. 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 Irvine For 2020
The median income in Turtle Ridge comes in at $106,084 and the median home value is $449,500 for 2020.
The median income in Rancho San Joaquin comes in at $61,141 and the median home value is $194,933 for 2020.
Northwood is a community encompassing the northern portions of the city of Irvine, in Orange County, California. It covers the area enclosed by the Santa Ana Freeway, Culver Drive, Portola Parkway and Jeffrey Road.
The median income in Northwood comes in at $107,068 and the median home value is $634,894 for 2020.
The median income in Business District comes in at $82,278 and the median home value is $377,650 for 2020.
The median income in Lower Peters Canyon comes in at $106,423 and the median home value is $550,580 for 2020.
The UCI Medical Center is part of the UC Irvine Health Sciences system, which is composed of a number of patient care locations that serve Orange County.
The median income in Irvine Health And Science Complex comes in at $73,873 and the median home value is $552,375 for 2020.
The median income in University Park comes in at $101,097 and the median home value is $582,867 for 2020.
The median income in West Park comes in at $108,066 and the median home value is $597,469 for 2020.
The median income in Northwood Point comes in at $167,331 and the median home value is $1,030,700 for 2020.
The San Joaquin Wildlife Sanctuary is a 300 acres constructed wetland in Irvine, California, in the flood plain of San Diego Creek just above its outlet into the Upper Newport Bay.
The median income in San Joaquin Marsh comes in at $85,750 and the median home value is $515,450 for 2020.
Summing Up The Cheapest Places In Irvine
If you’re measuring the neighborhoods in Irvine where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Irvine aren’t all cheap. Shady Canyon takes the title of the most expensive neighborhood to live in Irvine.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more California reading, check out:
- Cheapest Places To Live In California
- Best Places To Raise A Family In California
- Best Places To Retire In California
- Richest Cities In California
- Safest Places In California
- Worst Places To Live In California
Detailed List Of The Cheapest Neighborhoods To Live In Irvine For 2020
|Rank||Neighborhood||Cost Of Living Index|
|2||Rancho San Joaquin||119|
|5||Lower Peters Canyon||162|
|6||Irvine Health And Science Complex||152|
|10||San Joaquin Marsh||155|
|11||El Camino Real||159|
|16||University Town Center||131|