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 New Orleans might be more expensive than living in rural Louisiana, there are certain neighborhoods that are definitely cheaper.
So what exactly are those New Orleans 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 New Orleans are the cheapest.
What’s the cheapest neighborhood to live in New Orleans for 2020? According to the most recent census data, Tall Timbers-Brechtel looks to be the cheaptest New Orleans 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 New Orleans. 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 New Orleans that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in New Orleans.
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.
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How We Determined The Cheapest New Orleans Hoods In 2020
In order to rank the cheapest places to live in New Orleans, 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 68 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 New Orleans.” We’re lookin’ at you, Tall Timbers-Brechtel.
Read on below to learn more about what it’s like to live in the cheapest places New Orleans. 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 New Orleans For 2020
The median income in Tall Timbers-Brechtel comes in at $49,435 and the median home value is $127,233 for 2020.
The median income in Desire comes in at $16,345 and the median home value is $26,725 for 2020.
The median income in Old Aurora comes in at $57,192 and the median home value is $148,818 for 2020.
The median income in Read Blvd East comes in at $58,658 and the median home value is $196,500 for 2020.
The median income in Lower 9th Ward comes in at $25,937 and the median home value is $104,867 for 2020.
The median income in Dillard comes in at $36,704 and the median home value is $142,675 for 2020.
The median income in Village De L’est comes in at $37,209 and the median home value is $102,414 for 2020.
The median income in New Aurora-English Turn comes in at $76,446 and the median home value is $254,867 for 2020.
The median income in Lake Terrace And Oaks comes in at $116,810 and the median home value is $382,450 for 2020.
The median income in Gentilly Woods comes in at $39,818 and the median home value is $133,650 for 2020.
Summing Up The Cheapest Places In New Orleans
If you’re measuring the neighborhoods in New Orleans where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in New Orleans aren’t all cheap. Black Pearl takes the title of the most expensive neighborhood to live in New Orleans.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
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