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 Albuquerque might be more expensive than living in rural New Mexico, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Albuquerque 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 Albuquerque are the cheapest.
What’s the cheapest neighborhood to live in Albuquerque for 2020? According to the most recent census data, Four Hills Mhp looks to be the cheaptest Albuquerque 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 Albuquerque. 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 Albuquerque that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Albuquerque.
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 New Mexico reading, check out:
- Best Places To Live In New Mexico
- Best Counties To Live In New Mexico
- Cheapest Cities To Live In America
- Cheapest States To Live In America
How We Determined The Cheapest Albuquerque Hoods In 2020
In order to rank the cheapest places to live in Albuquerque, 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 197 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 Albuquerque.” We’re lookin’ at you, Four Hills Mhp.
Read on below to learn more about what it’s like to live in the cheapest places Albuquerque. 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 Albuquerque For 2020
The median income in Four Hills Mhp comes in at $49,886 and the median home value is $40,733 for 2020.
The median income in Ladera West comes in at $53,290 and the median home value is $101,367 for 2020.
The median income in Tijeras Arroyo comes in at $63,296 and the median home value is $134,325 for 2020.
The median income in Snow Heights comes in at $68,728 and the median home value is $178,800 for 2020.
The median income in Singing Arrow comes in at $34,034 and the median home value is $60,400 for 2020.
The median income in Academy Ridge East comes in at $66,410 and the median home value is $161,833 for 2020.
The median income in South Los Altos comes in at $36,935 and the median home value is $104,425 for 2020.
The median income in Inez comes in at $55,108 and the median home value is $161,100 for 2020.
The median income in Heritage Hills comes in at $84,835 and the median home value is $217,900 for 2020.
The median income in Elder Homestead comes in at $41,607 and the median home value is $133,800 for 2020.
Summing Up The Cheapest Places In Albuquerque
If you’re measuring the neighborhoods in Albuquerque where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Albuquerque aren’t all cheap. Skyview Acres takes the title of the most expensive neighborhood to live in Albuquerque.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more New Mexico reading, check out:
- Cheapest Places To Live In New Mexico
- Best Places To Raise A Family In New Mexico
- Best Places To Retire In New Mexico
- Richest Cities In New Mexico
- Safest Places In New Mexico
- Worst Places To Live In New Mexico