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 Philadelphia might be more expensive than living in rural Pennsylvania, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Philadelphia 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 Philadelphia are the cheapest.
What’s the cheapest neighborhood to live in Philadelphia for 2020? According to the most recent census data, Marconi Plaza-Packer Park looks to be the cheaptest Philadelphia 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 Philadelphia. 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 Philadelphia that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Philadelphia.
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 Philadelphia Hoods In 2020
In order to rank the cheapest places to live in Philadelphia, 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 56 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 Philadelphia.” We’re lookin’ at you, Marconi Plaza-Packer Park.
Read on below to learn more about what it’s like to live in the cheapest places Philadelphia. 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 Philadelphia For 2020
The median income in Marconi Plaza-Packer Park comes in at $69,608 and the median home value is $105,150 for 2020.
The median income in Richmond comes in at $41,396 and the median home value is $92,369 for 2020.
The median income in Eastwick comes in at $39,122 and the median home value is $107,470 for 2020.
The median income in Wissanoning comes in at $44,320 and the median home value is $108,379 for 2020.
The median income in Oak Lane comes in at $42,352 and the median home value is $135,242 for 2020.
Carroll Park is a neighborhood in West Philadelphia. Its boundaries are Lansdowne Avenue to the north, West Girard Avenue to the south, North 63rd Street to the west, and North 52nd Street to the east. Along major streets of the neighborhood, the Carroll Park Community Council, Inc. has placed banners that say Carroll Park: Where our neighbors become friends. The 10 trolley runs along Lansdowne Avenue and the 15 trolley runs along Girard Avenue. There is a park by the name of Carroll Park between North 59th and North 58th Streets and West Thompson Street and West Girard Avenue. Carroll Parks residents are primarily working-class and lower-income African-Americans.
The median income in Haddington-Carroll Park comes in at $28,706 and the median home value is $68,396 for 2020.
Allegheny West is a neighborhood in the North Philadelphia section of Philadelphia. It is named after an association formed by Pep Boys and Tasty Baking Company, among others, and the community bordering East Falls, Strawberry Mansion and Tioga-Nicetown. Its location in the vicinity of Allegheny Avenue on the western side of Broad Street.
Like many neighborhoods in North Philadelphia, Allegheny West is primarily a poor African-American enclave that has suffered post-industrial decline and disinvestment. It faced one of the largest population losses of any neighborhood in Philadelphia between the 1990 and 2000 census. Vacant industrial sites, such as those once used to build commuter rail trains by Budd Steel, have in recent years been used in film productions. The former Tasty Baking Co. food production facility is undergoing renovation as a mixed-use site; The former headquarters has been leveled to make way for a 75000 sq. ft grocery-anchored outlet mall.
The median income in Alleghany West comes in at $25,196 and the median home value is $48,477 for 2020.
Elmwood Park, also known simply as Elmwood, is a neighborhood in the Southwest section of Philadelphia, Pennsylvania, United States. It borders the city line with Delaware County at Cobbs Creek, and extends to the Schuylkill River. The Eastwick neighborhood borders it to the southwest, and Kingsessing borders it on the northeast.
Poles and Irish Americans had long been the majority in the neighborhood, organized around Catholic parishes established throughout the early to mid 20th century.
The median income in Elmwood comes in at $36,424 and the median home value is $90,648 for 2020.
Nicetown-Tioga is a neighborhood in the North Philadelphia section of the city of Philadelphia, in the U.S. state of Pennsylvania. It comprises two smaller, older neighborhoods, Nicetown and Tioga, although the distinction between the two is rarely emphasized today. The name “Nicetown” is often simply used to refer to any part of Nicetown-Tioga.
The median income in Tioga-Nicetown comes in at $24,935 and the median home value is $58,569 for 2020.
Strawberry Mansion is a neighborhood in the United States city of Philadelphia, Pennsylvania, located east of Fairmount Park in North Philadelphia. The neighborhood is bounded by 33rd Street to the west, 29th Street to the east, Lehigh Avenue to the north, and Oxford Street to the south. As of the 2000 census, the neighborhood had a population of 22,562. It is often associated with the historic house of the same name, Historic Strawberry Mansion, located adjacent to the neighborhood and generally thought to be the source of the community’s name.
In 2005, the 19121 zip code, which contains Strawberry Mansion, had a median home sale price of $47,900. This was an 85% increase, the largest of any zip code in Philadelphia, from the 2004 median sale price.
The median income in Strawberry Mansion comes in at $31,085 and the median home value is $71,938 for 2020.
Summing Up The Cheapest Places In Philadelphia
If you’re measuring the neighborhoods in Philadelphia where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Philadelphia aren’t all cheap. City Center West takes the title of the most expensive neighborhood to live in Philadelphia.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
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