The 10 Cheapest Irvine, CA Neighborhoods To Live In For 2019


We used science and data to determine which neighborhoods in Irvine are the cheapest of the cheap.

Editor’s Note: This is our first time ranking the cheapest neighborhoods to live in Irvine.
Cheapest Neighborhoods In Irvine
Source: Public domain

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 2019? 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:

How We Determined The Cheapest Irvine Hoods In 2019

In order to rank the cheapest places to live in Irvine, we had to determine what criteria defines ‘cheap’.

Using census and extrapolated BLS data, we arrived at the following set of criteria:

  • 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 2019

Overall SnackAbility

9
/10

Population: 3,764
Cost Of Living Index: 146 (6th cheapest)
Home Value To Income Ratio: 4.2 (2nd cheapest)
Rent To Income Ratio: 0.016 (6th cheapest)
More on Turtle Ridge: Homes For Sale | Data

The median income in Turtle Ridge comes in at $106,084 and the median home value is $449,500 for 2019.

Overall SnackAbility

8.5
/10

Population: 4,212
Cost Of Living Index: 119 (1st cheapest)
Home Value To Income Ratio: 3.2 (1st cheapest)
Rent To Income Ratio: 0.032 (20th cheapest)
More on Rancho San Joaquin: Homes For Sale | Data

The median income in Rancho San Joaquin comes in at $61,141 and the median home value is $194,933 for 2019.

Northwood Irvine, CA

Source: Public domain
Overall SnackAbility

10
/10

Population: 24,509
Cost Of Living Index: 164 (12th cheapest)
Home Value To Income Ratio: 5.9 (9th cheapest)
Rent To Income Ratio: 0.014 (2nd cheapest)
More on Northwood: Homes For Sale | Data

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 2019.

Overall SnackAbility

7
/10

Population: 7,336
Cost Of Living Index: 140 (5th cheapest)
Home Value To Income Ratio: 4.6 (3rd cheapest)
Rent To Income Ratio: 0.023 (15th cheapest)
More on Business District: Homes For Sale | Data

The median income in Business District comes in at $82,278 and the median home value is $377,650 for 2019.

Overall SnackAbility

10
/10

Population: 22,899
Cost Of Living Index: 162 (10th cheapest)
Home Value To Income Ratio: 5.2 (4th cheapest)
Rent To Income Ratio: 0.021 (10th cheapest)
More on Lower Peters Canyon: Homes For Sale | Data

The median income in Lower Peters Canyon comes in at $106,423 and the median home value is $550,580 for 2019.

Overall SnackAbility

8
/10

Population: 6,367
Cost Of Living Index: 152 (7th cheapest)
Home Value To Income Ratio: 7.5 (15th cheapest)
Rent To Income Ratio: 0.015 (4th cheapest)
More on Irvine Health And Science Complex: Homes For Sale | Data

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 2019.

Overall SnackAbility

10
/10

Population: 8,436
Cost Of Living Index: 164 (12th cheapest)
Home Value To Income Ratio: 5.8 (8th cheapest)
Rent To Income Ratio: 0.02 (8th cheapest)
More on University Park: Homes For Sale | Data

The median income in University Park comes in at $101,097 and the median home value is $582,867 for 2019.

Overall SnackAbility

10
/10

Population: 23,037
Cost Of Living Index: 168 (13th cheapest)
Home Value To Income Ratio: 5.5 (6th cheapest)
Rent To Income Ratio: 0.022 (11th cheapest)
More on West Park: Homes For Sale | Data

The median income in West Park comes in at $108,066 and the median home value is $597,469 for 2019.

Overall SnackAbility

10
/10

Population: 4,857
Cost Of Living Index: 206 (18th cheapest)
Home Value To Income Ratio: 6.2 (11th cheapest)
Rent To Income Ratio: 0.006 (1st cheapest)
More on Northwood Point: Homes For Sale | Data

The median income in Northwood Point comes in at $167,331 and the median home value is $1,030,700 for 2019.

San Joaquin Marsh Irvine, CA

Overall SnackAbility

8
/10

Population: 1,298
Cost Of Living Index: 155 (8th cheapest)
Home Value To Income Ratio: 6.0 (10th cheapest)
Rent To Income Ratio: 0.023 (13th cheapest)
More on San Joaquin Marsh: Homes For Sale | Data

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 2019.

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:

Detailed List Of The Cheapest Neighborhoods To Live In Irvine For 2019

Rank Neighborhood Cost Of Living Index
1 Turtle Ridge 146
2 Rancho San Joaquin 119
3 Northwood 164
4 Business District 140
5 Lower Peters Canyon 162
6 Irvine Health And Science Complex 152
7 University Park 164
8 West Park 168
9 Northwood Point 206
10 San Joaquin Marsh 155
11 El Camino Real 159
12 Uc Irvine 122
13 Oak Creek 170
14 Woodbridge 169
15 Research Park 137
16 University Town Center 131
17 Turtle Rock 229
18 Walnut Village 174
19 Quail Hill 286
20 Spectrum 173
21 Shady Canyon 243

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

Leave a Reply

Your email address will not be published. Required fields are marked *