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 Lincoln might be more expensive than living in rural Nebraska, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Lincoln 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 Lincoln are the cheapest.
What’s the cheapest neighborhood to live in Lincoln for 2020? According to the most recent census data, West A looks to be the cheaptest Lincoln 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 Lincoln. 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 Lincoln that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Lincoln.
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 Nebraska reading, check out:
- Best Places To Live In Nebraska
- Best Counties To Live In Nebraska
- Cheapest Cities To Live In America
- Cheapest States To Live In America
How We Determined The Cheapest Lincoln Hoods In 2020
In order to rank the cheapest places to live in Lincoln, 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 41 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 Lincoln.” We’re lookin’ at you, West A.
Read on below to learn more about what it’s like to live in the cheapest places Lincoln. 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 Lincoln For 2020
The median income in West A comes in at $56,911 and the median home value is $111,317 for 2020.
The median income in Salt Valley View comes in at $68,313 and the median home value is $141,500 for 2020.
The median income in Maple Village-Wedgewood comes in at $76,160 and the median home value is $160,450 for 2020.
An area from South Street to Nebraska Highway; generally east of S. 20thHigh Streets, the Sheridan Boulevard area was the first addition to Lincoln that stepped away from the “grid pattern” into the winding side streets that characterize most modern residential areas. This area is listed under the National Registrar of Historic Places as the “Boulevards” district.
The median income in Country Club comes in at $91,167 and the median home value is $189,825 for 2020.
The median income in Yankee Hill comes in at $100,341 and the median home value is $172,400 for 2020.
An area from Pioneers Boulevard to Old Cheney Road/Nebraska Highway and from S. 56th to S. 70th Streets. Colonial Hills also includes the area at and west of the College View Cemetery from S. 56th to S. 70th Streets.
The median income in Colonial Hills comes in at $68,592 and the median home value is $165,125 for 2020.
The Indian Village neighborhood is located from Van Dorn Street on the north to Highway 2 on the south, from 9th Street on the west to 20th Street on the east.
The median income in Indian Village comes in at $53,282 and the median home value is $129,125 for 2020.
An area from Randolph to South Streets/Normal Boulevard and from S. 33rd to S. 48th Streets.
The median income in 40th And A comes in at $56,031 and the median home value is $129,900 for 2020.
The median income in Antelope Park comes in at $44,446 and the median home value is $109,700 for 2020.
The median income in Tri-Court comes in at $41,250 and the median home value is $63,200 for 2020.
Summing Up The Cheapest Places In Lincoln
If you’re measuring the neighborhoods in Lincoln where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Lincoln aren’t all cheap. Sunset Acres takes the title of the most expensive neighborhood to live in Lincoln.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Nebraska reading, check out:
- Cheapest Places To Live In Nebraska
- Best Places To Raise A Family In Nebraska
- Best Places To Retire In Nebraska
- Richest Cities In Nebraska
- Safest Places In Nebraska
- Worst Places To Live In Nebraska
Detailed List Of The Cheapest Neighborhoods To Live In Lincoln For 2020
|Rank||Neighborhood||Cost Of Living Index|
|2||Salt Valley View||90|
|8||40th And A||89|
|19||South Salt Creek||84|
|27||South 48th Street||91|