The 10 Cheapest New York, NY Neighborhoods To Live In For 2019


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

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

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

So what exactly are those New York 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 York are the cheapest.

What’s the cheapest neighborhood to live in New York for 2020? According to the most recent census data, Howland Hook looks to be the cheaptest New York 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 York. 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 York that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in New York.

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 New York reading, check out:

How We Determined The Cheapest New York Hoods In 2020

In order to rank the cheapest places to live in New York, 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 122 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 York.” We’re lookin’ at you, Howland Hook.

Read on below to learn more about what it’s like to live in the cheapest places New York. 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 York For 2020

Overall SnackAbility

8.5
/10

Population: 3,871
Cost Of Living Index: 101 (1st cheapest)
Home Value To Income Ratio: 2.5 (7th cheapest)
Rent To Income Ratio: 0.009 (7th cheapest)
More on Howland Hook: Homes For Sale | Data

The median income in Howland Hook comes in at $64,184 and the median home value is $157,420 for 2020.

Overall SnackAbility

10
/10

Population: 23,582
Cost Of Living Index: 129 (18th cheapest)
Home Value To Income Ratio: 4.7 (30th cheapest)
Rent To Income Ratio: 0.005 (1st cheapest)
More on Ardon Heights: Homes For Sale | Data

The median income in Ardon Heights comes in at $87,757 and the median home value is $408,846 for 2020.

Overall SnackAbility

10
/10

Population: 26,947
Cost Of Living Index: 130 (22nd cheapest)
Home Value To Income Ratio: 4.6 (29th cheapest)
Rent To Income Ratio: 0.01 (9th cheapest)
More on Oakwood: Homes For Sale | Data

The median income in Oakwood comes in at $83,626 and the median home value is $387,661 for 2020.

Overall SnackAbility

9.5
/10

Population: 17,149
Cost Of Living Index: 135 (27th cheapest)
Home Value To Income Ratio: 4.4 (21st cheapest)
Rent To Income Ratio: 0.012 (19th cheapest)
More on Great Kills: Homes For Sale | Data

The median income in Great Kills comes in at $92,004 and the median home value is $404,414 for 2020.

Tottensville New York, NY

Overall SnackAbility

9.5
/10

Population: 15,609
Cost Of Living Index: 130 (22nd cheapest)
Home Value To Income Ratio: 5.1 (38th cheapest)
Rent To Income Ratio: 0.011 (11th cheapest)
More on Tottensville: Homes For Sale | Data

Tottenville is the southernmost neighborhood of Staten Island, New York City and New York State, with an area of approximately 1.7 square miles. Originally named Bentley Manor by one of its first settlers, Captain Christopher Billop, after a small ship he owned named the Bentley, the district was renamed Tottenville in 1869, apparently in honor of the locally prominent Totten family, whose name can be seen on tombstones in one of the earliest churches, Bethel Methodist Church, on Amboy Road. The neighborhood is represented in the New York City Council by Joe Borelli and in the New York State Assembly by Ronald Castorina, Jr.

The median income in Tottensville comes in at $78,173 and the median home value is $399,725 for 2020.

Overall SnackAbility

9.5
/10

Population: 33,993
Cost Of Living Index: 124 (14th cheapest)
Home Value To Income Ratio: 4.5 (23rd cheapest)
Rent To Income Ratio: 0.015 (35th cheapest)
More on Mariners Harbor: Homes For Sale | Data

The median income in Mariners Harbor comes in at $70,893 and the median home value is $316,042 for 2020.

Overall SnackAbility

8.5
/10

Population: 19,282
Cost Of Living Index: 138 (32nd cheapest)
Home Value To Income Ratio: 4.2 (20th cheapest)
Rent To Income Ratio: 0.013 (23rd cheapest)
More on Eastchester: Homes For Sale | Data

The median income in Eastchester comes in at $69,654 and the median home value is $295,090 for 2020.

Overall SnackAbility

8.5
/10

Population: 10,884
Cost Of Living Index: 130 (22nd cheapest)
Home Value To Income Ratio: 4.9 (35th cheapest)
Rent To Income Ratio: 0.013 (20th cheapest)
More on Bloomfield-Chelsea-Travis: Homes For Sale | Data

The median income in Bloomfield-Chelsea-Travis comes in at $75,810 and the median home value is $374,558 for 2020.

Overall SnackAbility

9
/10

Population: 52,418
Cost Of Living Index: 133 (24th cheapest)
Home Value To Income Ratio: 4.0 (16th cheapest)
Rent To Income Ratio: 0.015 (37th cheapest)
More on Country Club: Homes For Sale | Data

The median income in Country Club comes in at $61,099 and the median home value is $244,659 for 2020.

Overall SnackAbility

9
/10

Population: 119,512
Cost Of Living Index: 138 (32nd cheapest)
Home Value To Income Ratio: 4.7 (31st cheapest)
Rent To Income Ratio: 0.012 (18th cheapest)
More on The Rockaways: Homes For Sale | Data

The median income in The Rockaways comes in at $63,514 and the median home value is $297,562 for 2020.

Summing Up The Cheapest Places In New York

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

As we mentioned earlier, the neighborhoods in New York aren’t all cheap. Borough Park takes the title of the most expensive neighborhood to live in New York.

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

For more New York reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In New York For 2020

Rank Neighborhood Cost Of Living Index
1 Howland Hook 101
2 Ardon Heights 129
3 Oakwood 130
4 Great Kills 135
5 Tottensville 130
6 Mariners Harbor 124
7 Eastchester 138
8 Bloomfield-Chelsea-Travis 130
9 Country Club 133
10 The Rockaways 138
11 Ettingville 138
12 Annandale 142
13 Steinway 141
14 Laurelton 150
15 Woodrow 148
16 Midland Beach 151
17 Westerleigh-Castleton 139
18 Riverdale 150
19 New Brighton 143
20 Hamilton Heights 120
21 Springfield Gardens 144
22 Woodlawn-Nordwood 135
23 Kings Bridge 123
24 South Beach 152
25 Washington Heights 118
26 Lower East Side 130
27 Hunts Point 112
28 Mott Haven 110
29 Rossville 145
30 High Bridge 111
31 Spuyten Duyvil 151
32 Bedford Park 114
33 Throggs Neck 148
34 University Heights 113
35 Inwood 128
36 Port Richmond 124
37 Fordham 114
38 Morris Heights 114
39 Rosebank 156
40 Richmondtown 144
41 Prince’s Bay 152
42 Huguenot 157
43 Tremont 116
44 Todt Hill 155
45 City Island 160
46 Saintalbans 152
47 Parkchester 133
48 South Bronx 119
49 East Village 147
50 Queens Village 154
51 Clifton 146
52 Douglastown-Little Neck 165
53 North Sutton Area 201
54 Union Port 138
55 Nkew Gardens 151
56 Garment District 174
57 Battery Park 210
58 Soundview 129
59 Charlestown-Richmond Valley 154
60 Williams Bridge 135
61 Morris Park 146
62 Gramercy 174
63 East Harlem 128
64 Clinton 165
65 Clearview 170
66 Morningside Heights 161
67 Glendale 159
68 Brownsville 137
69 Baychester 157
70 Harlem 142
71 Canarsie 159
72 Jamaica 150
73 Wakefield-Williamsbridge 145
74 Financial District 227
75 Upper West Side 206
76 Sunny Side 157
77 Forest Hills 161
78 Chinatown 163
79 Yorkville 144
80 Middle Village 170
81 Murray Hill 194
82 Upper East Side 219
83 Utopia 166
84 Williamsburg 150
85 Tribeca 287
86 Midtown 199
87 Astoria-Long Island City 154
88 Downtown 202
89 West Village 216
90 Bushwick 147
91 Chelsea 212
92 Ridgewood 158
93 Greenwood 180
94 Central Park 224
95 Carnegie Hill 313
96 Jackson Heights 154
97 Woodhaven-Richmond Hill 162
98 Auburndale 175
99 East Brooklyn 148
100 Gravesend-Sheepshead Bay 169
101 Park Slope 224
102 Soho 240
103 Woodside 157
104 Flushing 156
105 Little Italy 206
106 Cobble Hill 259
107 Carroll Gardens 234
108 Greenwich Village 226
109 Maspeth 170
110 Boerum Hill 225
111 Queensboro Hill 168
112 Fort Green 186
113 Bay Ridge 181
114 Dyker Heights 191
115 Bedford-Stuyvesant 161
116 Bensonhurst 175
117 Mapleton-Flatlands 178
118 College Point 173
119 Corona 169
120 Whitestone 214
121 Sunset Park 174
122 Borough Park 189

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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