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 San Diego might be more expensive than living in rural California, there are certain neighborhoods that are definitely cheaper.
So what exactly are those San Diego 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 San Diego are the cheapest.
What’s the cheapest neighborhood to live in San Diego for 2020? According to the most recent census data, Gaslamp Quarter looks to be the cheaptest San Diego 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 San Diego. 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 San Diego that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in San Diego.
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 California reading, check out:
- Best Places To Live In California
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How We Determined The Cheapest San Diego Hoods In 2020
In order to rank the cheapest places to live in San Diego, 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 85 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 San Diego.” We’re lookin’ at you, Gaslamp Quarter.
Read on below to learn more about what it’s like to live in the cheapest places San Diego. 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 San Diego For 2020
The median income in Gaslamp Quarter comes in at $46,313 and the median home value is $189,600 for 2020.
The median income in Nestor comes in at $57,292 and the median home value is $181,400 for 2020.
The median income in Bay Terrace comes in at $73,018 and the median home value is $310,253 for 2020.
The median income in San Ysidro comes in at $46,562 and the median home value is $252,665 for 2020.
The median income in Palm City comes in at $56,621 and the median home value is $216,300 for 2020.
The median income in Webster comes in at $57,071 and the median home value is $309,071 for 2020.
The median income in Sky Line comes in at $58,462 and the median home value is $301,957 for 2020.
The median income in Core comes in at $33,240 and the median home value is $96,950 for 2020.
The median income in Mira Mesa comes in at $92,480 and the median home value is $401,867 for 2020.
The median income in Alta Vista comes in at $80,027 and the median home value is $339,814 for 2020.
Summing Up The Cheapest Places In San Diego
If you’re measuring the neighborhoods in San Diego where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in San Diego aren’t all cheap. Park West takes the title of the most expensive neighborhood to live in San Diego.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more California reading, check out:
- Cheapest Places To Live In California
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