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 Orlando might be more expensive than living in rural Florida, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Orlando 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 Orlando are the cheapest.
What’s the cheapest neighborhood to live in Orlando for 2020? According to the most recent census data, Rock Lake looks to be the cheaptest Orlando 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 Orlando. 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 Orlando that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Orlando.
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 Florida reading, check out:
- Best Places To Live In Florida
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How We Determined The Cheapest Orlando Hoods In 2020
In order to rank the cheapest places to live in Orlando, 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 104 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 Orlando.” We’re lookin’ at you, Rock Lake.
Read on below to learn more about what it’s like to live in the cheapest places Orlando. 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 Orlando For 2020
The median income in Rock Lake comes in at $35,830 and the median home value is $60,450 for 2020.
The median income in Lorna Doone comes in at $26,401 and the median home value is $69,300 for 2020.
The median income in South Division comes in at $40,178 and the median home value is $51,800 for 2020.
The median income in Rosemont comes in at $29,968 and the median home value is $67,875 for 2020.
The median income in Englewood Park comes in at $38,653 and the median home value is $93,760 for 2020.
The median income in Dover Shores East comes in at $52,540 and the median home value is $159,500 for 2020.
The median income in Lake Richmond comes in at $41,272 and the median home value is $66,100 for 2020.
The median income in Wadeview Park comes in at $44,144 and the median home value is $93,833 for 2020.
The median income in Johnson Village comes in at $28,281 and the median home value is $66,700 for 2020.
The median income in Pershing comes in at $31,731 and the median home value is $43,600 for 2020.
Summing Up The Cheapest Places In Orlando
If you’re measuring the neighborhoods in Orlando where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Orlando aren’t all cheap. Spring Lake takes the title of the most expensive neighborhood to live in Orlando.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Florida reading, check out:
- Cheapest Places To Live In Florida
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