The 10 Cheapest Madison, WI Neighborhoods To Live In For 2019


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

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

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 Madison might be more expensive than living in rural Wisconsin, there are certain neighborhoods that are definitely cheaper.

So what exactly are those Madison 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 Madison are the cheapest.

What’s the cheapest neighborhood to live in Madison for 2019? According to the most recent census data, Elvehjem looks to be the cheaptest Madison 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 Madison. 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 Madison that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Madison.

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 Wisconsin reading, check out:

How We Determined The Cheapest Madison Hoods In 2019

In order to rank the cheapest places to live in Madison, 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 101 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 Madison.’ We’re lookin’ at you, Elvehjem.

Read on below to learn more about what it’s like to live in the cheapest places Madison. 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 Madison For 2019

Overall SnackAbility

8.5
/10

Population: 3,609
Cost Of Living Index: 98 (7th cheapest)
Home Value To Income Ratio: 2.4 (4th cheapest)
Rent To Income Ratio: 0.004 (2nd cheapest)
More on Elvehjem: Homes For Sale | Data

The median income in Elvehjem comes in at $79,550 and the median home value is $187,400 for 2019.

Overall SnackAbility

9
/10

Population: 2,180
Cost Of Living Index: 103 (31st cheapest)
Home Value To Income Ratio: 2.6 (13th cheapest)
Rent To Income Ratio: 0.008 (8th cheapest)
More on Heritage Heights: Homes For Sale | Data

The median income in Heritage Heights comes in at $76,411 and the median home value is $198,267 for 2019.

Overall SnackAbility

8.5
/10

Population: 2,275
Cost Of Living Index: 99 (10th cheapest)
Home Value To Income Ratio: 2.8 (23rd cheapest)
Rent To Income Ratio: 0.011 (20th cheapest)
More on Sherman Village: Homes For Sale | Data

The median income in Sherman Village comes in at $58,090 and the median home value is $163,733 for 2019.

Overall SnackAbility

8
/10

Population: 2,460
Cost Of Living Index: 101 (19th cheapest)
Home Value To Income Ratio: 3.0 (30th cheapest)
Rent To Income Ratio: 0.006 (4th cheapest)
More on Meadowood: Homes For Sale | Data

The median income in Meadowood comes in at $65,893 and the median home value is $195,880 for 2019.

Overall SnackAbility

8
/10

Population: 2,660
Cost Of Living Index: 100 (14th cheapest)
Home Value To Income Ratio: 2.8 (16th cheapest)
Rent To Income Ratio: 0.011 (24th cheapest)
More on Prairie Hills: Homes For Sale | Data

The median income in Prairie Hills comes in at $60,294 and the median home value is $166,667 for 2019.

Overall SnackAbility

6
/10

Population: 987
Cost Of Living Index: 104 (37th cheapest)
Home Value To Income Ratio: 2.7 (15th cheapest)
Rent To Income Ratio: 0.011 (19th cheapest)
More on Westchester Gardens: Homes For Sale | Data

The median income in Westchester Gardens comes in at $71,042 and the median home value is $191,500 for 2019.

Overall SnackAbility

8.5
/10

Population: 1,224
Cost Of Living Index: 109 (54th cheapest)
Home Value To Income Ratio: 2.2 (3rd cheapest)
Rent To Income Ratio: 0.01 (16th cheapest)
More on Westhaven Trails: Homes For Sale | Data

The median income in Westhaven Trails comes in at $98,384 and the median home value is $217,000 for 2019.

Overall SnackAbility

8
/10

Population: 2,028
Cost Of Living Index: 104 (37th cheapest)
Home Value To Income Ratio: 2.5 (9th cheapest)
Rent To Income Ratio: 0.013 (27th cheapest)
More on Rolling Meadows: Homes For Sale | Data

The median income in Rolling Meadows comes in at $71,252 and the median home value is $179,700 for 2019.

Overall SnackAbility

8.5
/10

Population: 706
Cost Of Living Index: 109 (54th cheapest)
Home Value To Income Ratio: 2.5 (10th cheapest)
Rent To Income Ratio: 0.01 (14th cheapest)
More on Glen Oak Hills: Homes For Sale | Data

The median income in Glen Oak Hills comes in at $90,721 and the median home value is $230,300 for 2019.

Overall SnackAbility

10
/10

Population: 2,590
Cost Of Living Index: 107 (49th cheapest)
Home Value To Income Ratio: 3.0 (31st cheapest)
Rent To Income Ratio: 0.006 (3rd cheapest)
More on Wexford: Homes For Sale | Data

The median income in Wexford comes in at $81,566 and the median home value is $247,950 for 2019.

Summing Up The Cheapest Places In Madison

If you’re measuring the neighborhoods in Madison where prices are low and it’s cheap to live, this is an accurate list.

As we mentioned earlier, the neighborhoods in Madison aren’t all cheap. Greenbush takes the title of the most expensive neighborhood to live in Madison.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more Wisconsin reading, check out:

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

Rank Neighborhood Cost Of Living Index
1 Elvehjem 98
2 Heritage Heights 103
3 Sherman Village 99
4 Meadowood 101
5 Prairie Hills 100
6 Westchester Gardens 104
7 Westhaven Trails 109
8 Rolling Meadows 104
9 Glen Oak Hills 109
10 Wexford 107
11 Bram’s Addition 88
12 Skyview Meadows 109
13 Glacier Ridge 113
14 Country Grove 113
15 High Crossing 105
16 Eastmorland 103
17 Park Ridge 96
18 Highlands Community 122
19 Woodland Hills 122
20 Stonefield Woods-Ridge 122
21 Sherman 99
22 East Bluff 101
23 East Buckeye 109
24 Indian Springs 103
25 Highland Manor 103
26 Greentree 106
27 Sherman Terrace 94
28 Broadway-Lakepoint 104
29 Waunona 104
30 North Lake Mendota 110
31 Wisconsin Co-Op Housing 113
32 Stone Meadows 115
33 Lerdahl Park 109
34 Mendota Hills 108
35 Nakoma League 116
36 Orchard Ridge Community 109
37 Oakbridge Community 111
38 Hill Farms-University Neighborh 112
39 Midvale Heights Community 113
40 Eken Park 100
41 Maple-Prairie 110
42 Parkwood Hills 118
43 Faircrest 112
44 Reston Heights 112
45 Vanchamasshe 122
46 Radio Park 122
47 Sunset Hills 122
48 Sunset Village 115
49 Spring Harbor 112
50 Ridgewood 106
51 Glendale 103
52 Wexford Ridge 110
53 High Point Estates 111
54 Leopold 94
55 Lake View Hill 100
56 Bluff Acres 102
57 Moorland-Rimrock 102
58 Mcclellan Park 112
59 Sauk Creek 115
60 Arbor Hills 113
61 Lake Edge 105
62 Westmorland 116
63 Walnut Grove 115
64 Tamarack Trails Community 115
65 Marbella 110
66 Old Middleton Greenway 116
67 Clarendon Hills 101
68 Norman Acres 101
69 Worthington Park 97
70 Hawk’s Landing 134
71 Capitol 95
72 Hawthorne 99
73 Schenk-Atwood-Starkweather-Yahar 110
74 Schenk-Atwood 110
75 Dudgeon-Monroe 127
76 Carpenter-Ridgeway 101
77 Bay Creek 111
78 Summit Woods 113
79 Brentwood Village 103
80 Sheridan Triangle 103
81 Allied Community 102
82 Dunn’s Marsh 102
83 Heistand 105
84 Nobel Park 99
85 Whitetail Ridge 101
86 Vera Court 99
87 Berkley Oaks 101
88 Mayfair Park 102
89 Emerson East 104
90 Burr Oaks 105
91 Blackhawk 128
92 Junction Ridge 128
93 Burke Heights 105
94 Marquette 116
95 Tenney-Lapham 114
96 Bayview 106
97 Brittingham Apartments 106
98 Regent 134
99 Vilas 121
100 University Apartments 124
101 Greenbush 116

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.

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