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 Francisco might be more expensive than living in rural California, there are certain neighborhoods that are definitely cheaper.
So what exactly are those San Francisco 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 Francisco are the cheapest.
What’s the cheapest neighborhood to live in San Francisco for 2020? According to the most recent census data, South Of Market looks to be the cheaptest San Francisco 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 Francisco. 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 Francisco that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in San Francisco.
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
- Best Counties To Live In California
- Cheapest Cities To Live In America
- Cheapest States To Live In America
How We Determined The Cheapest San Francisco Hoods In 2020
In order to rank the cheapest places to live in San Francisco, 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 34 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 Francisco.” We’re lookin’ at you, South Of Market.
Read on below to learn more about what it’s like to live in the cheapest places San Francisco. 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 Francisco For 2020
The median income in South Of Market comes in at $101,937 and the median home value is $524,714 for 2020.
The median income in Lakeshore comes in at $100,506 and the median home value is $745,567 for 2020.
Potrero Hill is a residential neighborhood in San Francisco, California. It is known for its views of the San Francisco Bay and city skyline, its proximity to many destination spots, its sunny weather, and having two freeways and a Caltrain station.
The median income in Potrero Hill comes in at $162,259 and the median home value is $852,064 for 2020.
The median income in Financial District comes in at $101,601 and the median home value is $654,150 for 2020.
The median income in West Of Twin Peaks comes in at $153,714 and the median home value is $1,095,080 for 2020.
The median income in Castro-Upper Market comes in at $127,427 and the median home value is $1,067,308 for 2020.
The median income in Downtown comes in at $43,555 and the median home value is $278,081 for 2020.
The median income in Bernal Heights comes in at $109,995 and the median home value is $866,685 for 2020.
The median income in Outer Mission comes in at $86,739 and the median home value is $704,303 for 2020.
The median income in Bayview comes in at $63,752 and the median home value is $567,431 for 2020.
Summing Up The Cheapest Places In San Francisco
If you’re measuring the neighborhoods in San Francisco where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in San Francisco aren’t all cheap. Inner Richmond takes the title of the most expensive neighborhood to live in San Francisco.
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
- Best Places To Raise A Family In California
- Best Places To Retire In California
- Richest Cities In California
- Safest Places In California
- Worst Places To Live In California
Detailed List Of The Cheapest Neighborhoods To Live In San Francisco For 2020
|Rank||Neighborhood||Cost Of Living Index|
|1||South Of Market||163|
|5||West Of Twin Peaks||231|