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 Las Vegas might be more expensive than living in rural Nevada, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Las Vegas 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 Las Vegas are the cheapest.
Here are the cheapest neighborhoods in Las Vegas for 2020:
What’s the cheapest neighborhood to live in Las Vegas for 2020? According to the most recent census data, East Las Vegas looks to be the cheaptest Las Vegas 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 Las Vegas. 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 Las Vegas that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Las Vegas.
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
- Cheapest Places To Live In Nevada
- Cheapest Cities To Live In America
- Cheapest States To Live In America
How We Determined The Cheapest Las Vegas Hoods In 2020
In order to rank the cheapest places to live in Las Vegas, 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 26 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 Las Vegas.” We’re lookin’ at you, East Las Vegas.
Read on below to learn more about what it’s like to live in the cheapest places Las Vegas. 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 Las Vegas For 2020
/10
Population: 34,490
Cost Of Living Index: 84 (4th cheapest)
Home Value To Income Ratio: 1.7 (1st cheapest)
Rent To Income Ratio: 0.025 (23rd cheapest)
More on East Las Vegas: Homes For Sale | Data
The median income in East Las Vegas comes in at $33,576 and the median home value is $58,517 for 2020.
/10
Population: 3,994
Cost Of Living Index: 85 (5th cheapest)
Home Value To Income Ratio: 2.0 (4th cheapest)
Rent To Income Ratio: 0.024 (20th cheapest)
More on Umc: Homes For Sale | Data
The median income in Umc comes in at $34,737 and the median home value is $70,160 for 2020.
/10
Population: 19,066
Cost Of Living Index: 88 (7th cheapest)
Home Value To Income Ratio: 2.0 (3rd cheapest)
Rent To Income Ratio: 0.024 (19th cheapest)
More on Sunrise: Homes For Sale | Data
The median income in Sunrise comes in at $40,072 and the median home value is $78,947 for 2020.
/10
Population: 7,843
Cost Of Living Index: 82 (2nd cheapest)
Home Value To Income Ratio: 1.9 (2nd cheapest)
Rent To Income Ratio: 0.031 (26th cheapest)
More on Downtown East: Homes For Sale | Data
The median income in Downtown East comes in at $24,540 and the median home value is $46,257 for 2020.
/10
Population: 12,643
Cost Of Living Index: 83 (3rd cheapest)
Home Value To Income Ratio: 2.1 (5th cheapest)
Rent To Income Ratio: 0.025 (22nd cheapest)
More on Cultural Corridor: Homes For Sale | Data
The median income in Cultural Corridor comes in at $27,639 and the median home value is $57,176 for 2020.
/10
Population: 38,504
Cost Of Living Index: 92 (10th cheapest)
Home Value To Income Ratio: 2.5 (10th cheapest)
Rent To Income Ratio: 0.02 (11th cheapest)
More on Charleston Heights: Homes For Sale | Data
The median income in Charleston Heights comes in at $47,170 and the median home value is $120,190 for 2020.
/10
Population: 14,970
Cost Of Living Index: 95 (13th cheapest)
Home Value To Income Ratio: 2.7 (11th cheapest)
Rent To Income Ratio: 0.018 (8th cheapest)
More on Pioneer Park: Homes For Sale | Data
The median income in Pioneer Park comes in at $53,788 and the median home value is $142,775 for 2020.
/10
Population: 12,178
Cost Of Living Index: 93 (12th cheapest)
Home Value To Income Ratio: 2.3 (6th cheapest)
Rent To Income Ratio: 0.022 (16th cheapest)
More on Twin Lakes: Homes For Sale | Data
The median income in Twin Lakes comes in at $49,286 and the median home value is $114,556 for 2020.
/10
Population: 16,115
Cost Of Living Index: 90 (8th cheapest)
Home Value To Income Ratio: 2.5 (9th cheapest)
Rent To Income Ratio: 0.022 (17th cheapest)
More on Huntridge: Homes For Sale | Data
The median income in Huntridge comes in at $41,038 and the median home value is $103,271 for 2020.
/10
Population: 10,896
Cost Of Living Index: 82 (2nd cheapest)
Home Value To Income Ratio: 2.9 (13th cheapest)
Rent To Income Ratio: 0.024 (21st cheapest)
More on Downtown: Homes For Sale | Data
The median income in Downtown comes in at $21,804 and the median home value is $62,833 for 2020.
Summing Up The Cheapest Places In Las Vegas
If you’re measuring the neighborhoods in Las Vegas where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Las Vegas aren’t all cheap. Meadows Village takes the title of the most expensive neighborhood to live in Las Vegas.
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
- Best Places To Retire In Nevada
- Richest Cities In Nevada
- Safest Places In Nevada
- Worst Places To Live In Nevada
Detailed List Of The Cheapest Neighborhoods To Live In Las Vegas For 2020
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | East Las Vegas | 84 |
| 2 | Umc | 85 |
| 3 | Sunrise | 88 |
| 4 | Downtown East | 82 |
| 5 | Cultural Corridor | 83 |
| 6 | Charleston Heights | 92 |
| 7 | Pioneer Park | 95 |
| 8 | Twin Lakes | 93 |
| 9 | Huntridge | 90 |
| 10 | Downtown | 82 |
| 11 | Michael Way | 92 |
| 12 | West Las Vegas | 87 |
| 13 | Centennial Hills | 105 |
| 14 | Rancho Charleston | 97 |
| 15 | Tule Springs | 111 |
| 16 | Angel Park Lindell | 98 |
| 17 | Kyle Canyon | 106 |
| 18 | North Cheyenne | 102 |
| 19 | Lone Mountain | 107 |
| 20 | Summerlin North | 120 |
| 21 | Desert Shores | 104 |
| 22 | Sheep Mountain | 115 |
| 23 | The Lakes | 115 |
| 24 | Buffalo | 111 |
| 25 | Sun City Summerlin | 106 |
| 26 | Meadows Village | 90 |
