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 Shreveport might be more expensive than living in rural Louisiana, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Shreveport 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 Shreveport are the cheapest.
What’s the cheapest neighborhood to live in Shreveport for 2020? According to the most recent census data, Downtown Riverfront looks to be the cheaptest Shreveport 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 Shreveport. 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 Shreveport that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Shreveport.
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 Louisiana reading, check out:
- Best Places To Live In Louisiana
- Best Counties To Live In Louisiana
- Cheapest Cities To Live In America
- Cheapest States To Live In America
How We Determined The Cheapest Shreveport Hoods In 2020
In order to rank the cheapest places to live in Shreveport, 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 18 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 Shreveport.” We’re lookin’ at you, Downtown Riverfront.
Read on below to learn more about what it’s like to live in the cheapest places Shreveport. 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 Shreveport For 2020
The median income in Downtown Riverfront comes in at $25,548 and the median home value is $24,600 for 2020.
The median income in Mooretown And Hollywood Heights comes in at $24,660 and the median home value is $56,738 for 2020.
The median income in Queensborough comes in at $24,550 and the median home value is $49,793 for 2020.
The median income in Ceder Grove-Lynbrook comes in at $31,012 and the median home value is $55,400 for 2020.
The median income in Allendale-Lakeside comes in at $19,668 and the median home value is $38,892 for 2020.
The median income in Freestate-North Highlands comes in at $37,236 and the median home value is $82,671 for 2020.
The median income in Hyde Park Brookwood-Southern Hills comes in at $46,846 and the median home value is $123,400 for 2020.
The median income in Caddo Heights-South Highlands comes in at $55,739 and the median home value is $142,677 for 2020.
The median income in Airport-Pines Road comes in at $45,494 and the median home value is $111,900 for 2020.
The median income in Martin Luther King comes in at $20,545 and the median home value is $51,922 for 2020.
Summing Up The Cheapest Places In Shreveport
If you’re measuring the neighborhoods in Shreveport where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Shreveport aren’t all cheap. Springlake-University Terrace takes the title of the most expensive neighborhood to live in Shreveport.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Louisiana reading, check out:
- Cheapest Places To Live In Louisiana
- Best Places To Raise A Family In Louisiana
- Best Places To Retire In Louisiana
- Richest Cities In Louisiana
- Safest Places In Louisiana
- Worst Places To Live In Louisiana
Detailed List Of The Cheapest Neighborhoods To Live In Shreveport For 2020
|Rank||Neighborhood||Cost Of Living Index|
|2||Mooretown And Hollywood Heights||76|
|7||Hyde Park Brookwood-Southern Hills||85|
|8||Caddo Heights-South Highlands||87|
|10||Martin Luther King||76|
|11||Western Hills And Yarborough||87|
|12||Sunset Arcre-Garden Valley-Morningside||81|
|13||Broadmoor-Anderson Island-Shreve Isle||89|
|17||Country Club Hills-Lakeshore Shopping||81|