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 St. Louis might be more expensive than living in rural Missouri, there are certain neighborhoods that are definitely cheaper.
So what exactly are those St. Louis 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 St. Louis are the cheapest.
What’s the cheapest neighborhood to live in St. Louis for 2020? According to the most recent census data, La Salle looks to be the cheaptest St. Louis 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 St. Louis. 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 St. Louis that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in St. Louis.
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 Missouri reading, check out:
- Best Places To Live In Missouri
- Best Counties To Live In Missouri
- Cheapest Cities To Live In America
- Cheapest States To Live In America
How We Determined The Cheapest St. Louis Hoods In 2020
In order to rank the cheapest places to live in St. Louis, 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 St. Louis.” We’re lookin’ at you, La Salle.
Read on below to learn more about what it’s like to live in the cheapest places St. Louis. 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 St. Louis For 2020
The median income in La Salle comes in at $49,444 and the median home value is $91,400 for 2020.
The median income in North Point comes in at $34,782 and the median home value is $53,260 for 2020.
The median income in North Riverfront comes in at $27,263 and the median home value is $55,300 for 2020.
The median income in Downtown comes in at $53,428 and the median home value is $98,675 for 2020.
The median income in Mark Twain comes in at $25,594 and the median home value is $46,888 for 2020.
The median income in Gravois Park comes in at $27,816 and the median home value is $52,300 for 2020.
The median income in Franz Park comes in at $55,406 and the median home value is $116,333 for 2020.
The median income in Calvary-Bellefontaine Cemetery comes in at $29,097 and the median home value is $56,500 for 2020.
The median income in Hyde Park comes in at $17,742 and the median home value is $13,525 for 2020.
The median income in Hamilton Heights comes in at $19,192 and the median home value is $19,200 for 2020.
Summing Up The Cheapest Places In St. Louis
If you’re measuring the neighborhoods in St. Louis where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in St. Louis aren’t all cheap. Central West End takes the title of the most expensive neighborhood to live in St. Louis.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Missouri reading, check out:
- Cheapest Places To Live In Missouri
- Best Places To Raise A Family In Missouri
- Best Places To Retire In Missouri
- Richest Cities In Missouri
- Safest Places In Missouri
- Worst Places To Live In Missouri