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 Vancouver might be more expensive than living in rural Washington, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Vancouver 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 Vancouver are the cheapest.
What’s the cheapest neighborhood to live in Vancouver for 2020? According to the most recent census data, Cascade Highlands looks to be the cheaptest Vancouver 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 Vancouver. 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 Vancouver that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Vancouver.
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 Washington reading, check out:
- Best Places To Live In Washington
- Best Counties To Live In Washington
- Cheapest Cities To Live In America
- Cheapest States To Live In America
How We Determined The Cheapest Vancouver Hoods In 2020
In order to rank the cheapest places to live in Vancouver, 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 59 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 Vancouver.” We’re lookin’ at you, Cascade Highlands.
Read on below to learn more about what it’s like to live in the cheapest places Vancouver. 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 Vancouver For 2020
The median income in Cascade Highlands comes in at $73,636 and the median home value is $165,633 for 2020.
The median income in Fruit Valley comes in at $34,370 and the median home value is $83,900 for 2020.
The median income in Northwood comes in at $68,646 and the median home value is $217,700 for 2020.
The median income in Kevanna Park comes in at $55,615 and the median home value is $177,800 for 2020.
The median income in Parkway East comes in at $78,688 and the median home value is $210,600 for 2020.
The median income in Father Blanchet Park comes in at $89,854 and the median home value is $301,233 for 2020.
The median income in Lincoln comes in at $67,066 and the median home value is $239,367 for 2020.
The median income in North Image comes in at $51,358 and the median home value is $145,520 for 2020.
The median income in Vancouver Heights comes in at $57,780 and the median home value is $209,756 for 2020.
The median income in Carter Park comes in at $60,804 and the median home value is $222,767 for 2020.
Summing Up The Cheapest Places In Vancouver
If you’re measuring the neighborhoods in Vancouver where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Vancouver aren’t all cheap. Fairway 164Th takes the title of the most expensive neighborhood to live in Vancouver.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Washington reading, check out:
- Cheapest Places To Live In Washington
- Best Places To Raise A Family In Washington
- Best Places To Retire In Washington
- Richest Cities In Washington
- Safest Places In Washington
- Worst Places To Live In Washington