The 10 Cheapest Austin, TX Neighborhoods To Live In For 2021


We used science and data to determine which neighborhoods in Austin are the cheapest of the cheap.

Editor’s Note: We updated this article for 2021. This is our third time ranking the cheapest neighborhoods to live in Austin.
Cheapest Neighborhoods In Austin

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 Austin might be more expensive than living in rural Texas, there are certain neighborhoods that are definitely cheaper.

So what exactly are those Austin 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 Austin are the cheapest.

What's the cheapest neighborhood to live in Austin for 2021? According to the most recent census data, North Burnett looks to be the cheaptest Austin 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 Austin. 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 Austin that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Austin.

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 Texas reading, check out:

How We Determined The Cheapest Austin Hoods In 2021

In order to rank the cheapest places to live in Austin, we had to determine what criteria defines "cheap".

Using census and extrapolated BLS data, we arrived at the following set of criteria:

  • Overall Cost Of Living
  • Rent To Income Ratio
  • Median Home Value To Income Ratio

We then ranked each neighborhood with scores from 1 to 60 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 Austin." We're lookin' at you, North Burnett.

Read on below to learn more about what it's like to live in the cheapest places Austin. 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 Austin For 2021

Overall SnackAbility

6
/10

Population: 7,559
Cost Of Living Index: 88 (4th cheapest)
Home Value To Income Ratio: 1.5 (2nd cheapest)
Rent To Income Ratio: 0.019 (17th cheapest)
More on North Burnett: Homes For Sale | Data

Overall SnackAbility

6
/10

Population: 3,150
Cost Of Living Index: 94 (14th cheapest)
Home Value To Income Ratio: 2.3 (7th cheapest)
Rent To Income Ratio: 0.02 (2cheapest)
More on Mckinney: Homes For Sale | Data

Overall SnackAbility

8
/10

Population: 3,208
Cost Of Living Index: 93 (11th cheapest)
Home Value To Income Ratio: 2.8 (12th cheapest)
Rent To Income Ratio: 0.021 (27th cheapest)
More on Southeast: Homes For Sale | Data

Overall SnackAbility

8
/10

Population: 12,906
Cost Of Living Index: 89 (6th cheapest)
Home Value To Income Ratio: 2.0 (4th cheapest)
Rent To Income Ratio: 0.024 (4cheapest)
More on Riverside: Homes For Sale | Data

Overall SnackAbility

6
/10

Population: 1,485
Cost Of Living Index: 99 (2cheapest)
Home Value To Income Ratio: 3.5 (18th cheapest)
Rent To Income Ratio: 0.019 (15th cheapest)
More on Johnston Terrace: Homes For Sale | Data

Overall SnackAbility

8.5
/10

Population: 5,008
Cost Of Living Index: 104 (28th cheapest)
Home Value To Income Ratio: 4.0 (2cheapest)
Rent To Income Ratio: 0.016 (6th cheapest)
More on University Hills: Homes For Sale | Data

Overall SnackAbility

8
/10

Population: 5,468
Cost Of Living Index: 92 (9th cheapest)
Home Value To Income Ratio: 2.3 (6th cheapest)
Rent To Income Ratio: 0.025 (43rd cheapest)
More on Sweet Briar: Homes For Sale | Data

Overall SnackAbility

9
/10

Population: 8,861
Cost Of Living Index: 110 (36th cheapest)
Home Value To Income Ratio: 4.1 (22nd cheapest)
Rent To Income Ratio: 0.01 (cheapest)
More on Allandale: Homes For Sale | Data

Overall SnackAbility

6
/10

Population: 3,722
Cost Of Living Index: 97 (18th cheapest)
Home Value To Income Ratio: 2.0 (3rd cheapest)
Rent To Income Ratio: 0.024 (38th cheapest)
More on East Congress: Homes For Sale | Data

Overall SnackAbility

6
/10

Population: 16,277
Cost Of Living Index: 82 (cheapest)
Home Value To Income Ratio: 1.4 (cheapest)
Rent To Income Ratio: 0.033 (58th cheapest)
More on Pleasant Valley: Homes For Sale | Data

Summing Up The Cheapest Places In Austin

If you're measuring the neighborhoods in Austin where prices are low and it's cheap to live, this is an accurate list.

As we mentioned earlier, the neighborhoods in Austin aren't all cheap. North University takes the title of the most expensive neighborhood to live in Austin.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more Texas reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Austin For 2021

Rank Neighborhood Cost Of Living Index
1 North Burnett 88
2 Mckinney 94
3 Southeast 93
4 Riverside 89
5 Johnston Terrace 99
6 University Hills 104
7 Sweet Briar 92
8 Allandale 110
9 East Congress 97
10 Pleasant Valley 82
11 North Austin 90
12 Windsor Hills 94
13 Franklin Park 91
14 Georgian Acres 88
15 Windsor Park 103
16 Montopolis 86
17 Wooten 106
18 South Manchaca 101
19 Garrison Park 104
20 North Shoal Creek 110
21 Saint Johns 93
22 Saint Edwards 93
23 Crestview 121
24 West University 86
25 North Lamar 94
26 East Cesar Chavez 115
27 Heritage Hills 97
28 Highland 106
29 Brentwood 114
30 West Congress 108
31 Upper Boggy Creek 113
32 Downtown 137
33 Martin Luther King-Hwy 183 98
34 Triangle State 103
35 Parker Lane 94
36 Coronado Hills 97
37 Chestnut 114
38 South River City 134
39 Old West Austin 131
40 Windsor Road 136
41 Rosedale 137
42 Zilker 135
43 Mlk 101
44 South Lamar 114
45 Govalle 106
46 Central East Austin 116
47 Rosewood 103
48 Galindo 119
49 Pecan Springs Springdale 104
50 Holly 113
51 Barton Hills 136
52 Hyde Park 129
53 Rmma 130
54 University Of Texas 113
55 Bouldin 133
56 West Gate 117
57 Hancock 131
58 North Loop 119
59 Dawson 120
60 North University 104

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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