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 Phoenix might be more expensive than living in rural Arizona, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Phoenix 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 Phoenix are the cheapest.
What’s the cheapest neighborhood to live in Phoenix for 2020? According to the most recent census data, New Village looks to be the cheaptest Phoenix 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 Phoenix. 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 Phoenix that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Phoenix.
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 Arizona reading, check out:
- Best Places To Live In Arizona
- Best Counties To Live In Arizona
- Cheapest Cities To Live In America
- Cheapest States To Live In America
How We Determined The Cheapest Phoenix Hoods In 2020
In order to rank the cheapest places to live in Phoenix, 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 15 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 Phoenix.” We’re lookin’ at you, New Village.
Read on below to learn more about what it’s like to live in the cheapest places Phoenix. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.
The 5 Cheapest Neighborhoods To Live In Phoenix For 2020
The median income in New Village comes in at $96,497 and the median home value is $172,650 for 2020.
The median income in Estrella comes in at $38,644 and the median home value is $85,516 for 2020.
South Mountain Park preserves in a natural state a mountainous area of 16,283 acres or approximately 25.5 sq mi of native desert vegetation. Originally called Phoenix Mountain Park, it was formed in 1924 when President Calvin Coolidge sold its initial 13,000 acres to the city of Phoenix for $17,000. It has since been expanded through bond programs during the 1970s into the early 1980s. It is located south of central Phoenix, hence the name. Since the naming, suburban growth has nearly surrounded the park. Ahwatukee now borders to the south and Laveen to the west.
The median income in South Mountain comes in at $42,577 and the median home value is $107,310 for 2020.
Plans for Maryvale began to take shape during the 1950s, when developer John F. Long came up with the idea of developing a master-planned community on the western part of Phoenix, with an aim of turning the area into a working class suburb for Caucasians. It was the first master planned community in Arizona, and one of the first planned communities in the country. The community was designed to include space for parks, schools, and space to fulfill other community service requirements.
The median income in Maryvale comes in at $36,517 and the median home value is $84,540 for 2020.
The median income in North Mountain comes in at $50,524 and the median home value is $138,865 for 2020.
Summing Up The Cheapest Places In Phoenix
If you’re measuring the neighborhoods in Phoenix where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Phoenix aren’t all cheap. Camelback East takes the title of the most expensive neighborhood to live in Phoenix.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Arizona reading, check out:
- Cheapest Places To Live In Arizona
- Best Places To Raise A Family In Arizona
- Best Places To Retire In Arizona
- Richest Cities In Arizona
- Safest Places In Arizona
- Worst Places To Live In Arizona
Detailed List Of The Cheapest Neighborhoods To Live In Phoenix For 2020
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