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 Seattle might be more expensive than living in rural Washington, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Seattle 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 Seattle are the cheapest.
What’s the cheapest neighborhood to live in Seattle for 2020? According to the most recent census data, High Point looks to be the cheaptest Seattle 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 Seattle. 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 Seattle that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Seattle.
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 Seattle Hoods In 2020
In order to rank the cheapest places to live in Seattle, 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 78 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 Seattle.” We’re lookin’ at you, High Point.
Read on below to learn more about what it’s like to live in the cheapest places Seattle. 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 Seattle For 2020
The median income in High Point comes in at $60,140 and the median home value is $331,500 for 2020.
The median income in Industrial District comes in at $89,424 and the median home value is $449,162 for 2020.
The median income in Madison Valley comes in at $123,390 and the median home value is $527,975 for 2020.
The median income in Belltown comes in at $84,419 and the median home value is $298,940 for 2020.
The median income in Mount Baker comes in at $84,194 and the median home value is $484,690 for 2020.
Fauntleroy is a neighborhood in the southwest corner of Seattle, Washington. Part of West Seattle and situated on Puget Sound’s Fauntleroy Cove, it faces Vashon Island, Blake Island, and the Kitsap Peninsula to the west. On sunny days, many locations in the neighborhood offer views of the Olympic Mountains, which are about 40 miles to the west. The neighborhood adjoins Lincoln Park to the north, Fauntlee Hills to the east, and Arbor Heights to the south. Within Fauntleroy is an area known as Endolyne. Fauntleroy is home to an eponymous Washington State Ferries terminal, providing service to Vashon Island and Southworth.
The median income in Fauntleroy comes in at $107,902 and the median home value is $551,867 for 2020.
The median income in Olympic Hills comes in at $61,322 and the median home value is $313,800 for 2020.
The median income in North Delridge comes in at $73,541 and the median home value is $352,340 for 2020.
The median income in Riverview comes in at $76,727 and the median home value is $335,700 for 2020.
The median income in Atlantic comes in at $66,899 and the median home value is $409,783 for 2020.
Summing Up The Cheapest Places In Seattle
If you’re measuring the neighborhoods in Seattle where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Seattle aren’t all cheap. Pioneer Square takes the title of the most expensive neighborhood to live in Seattle.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Washington reading, check out:
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