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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 Bellevue might be more expensive than living in rural Washington, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Bellevue 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 Bellevue are the cheapest.
The Cheapest Neighborhoods In Bellevue For 2022
What's the cheapest neighborhood to live in Bellevue for 2022? According to the most recent census data, Overlake looks to be the cheaptest Bellevue 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 Bellevue. 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 Bellevue that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Bellevue.
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
- Cheapest Places To Live In Washington
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Bellevue For 2022
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Population: 12,215
Cost Of Living Index: 154 (2nd cheapest)
Home Value To Income Ratio: 4.5 (3rd cheapest)
Rent To Income Ratio: 0.017 (16th cheapest)
More on Overlake: Homes For Sale | Data
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Population: 10,425
Cost Of Living Index: 165 (8th cheapest)
Home Value To Income Ratio: 5.1 (7th cheapest)
Rent To Income Ratio: 0.015 (11th cheapest)
More on Bridle Trails: Homes For Sale | Data
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Population: 2,698
Cost Of Living Index: 169 (10th cheapest)
Home Value To Income Ratio: 4.6 (4th cheapest)
Rent To Income Ratio: 0.016 (13th cheapest)
More on Newport Hills: Homes For Sale | Data
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Population: 3,286
Cost Of Living Index: 157 (4th cheapest)
Home Value To Income Ratio: 4.8 (5th cheapest)
Rent To Income Ratio: 0.017 (18th cheapest)
More on Factoria: Homes For Sale | Data
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Population: 2,664
Cost Of Living Index: 159 (6th cheapest)
Home Value To Income Ratio: 6.0 (20th cheapest)
Rent To Income Ratio: 0.008 (2nd cheapest)
More on Phantom Lake: Homes For Sale | Data
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Population: 13,340
Cost Of Living Index: 157 (4th cheapest)
Home Value To Income Ratio: 5.3 (12th cheapest)
Rent To Income Ratio: 0.016 (12th cheapest)
More on Lake Hills: Homes For Sale | Data
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Population: 220
Cost Of Living Index: 204 (23rd cheapest)
Home Value To Income Ratio: 4.3 (2nd cheapest)
Rent To Income Ratio: 0.011 (5th cheapest)
More on Beaux Arts: Homes For Sale | Data
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Population: 5,654
Cost Of Living Index: 198 (2cheapest)
Home Value To Income Ratio: 5.2 (10th cheapest)
Rent To Income Ratio: 0.007 (cheapest)
More on Lakemont: Homes For Sale | Data
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Population: 6,476
Cost Of Living Index: 159 (6th cheapest)
Home Value To Income Ratio: 5.2 (9th cheapest)
Rent To Income Ratio: 0.017 (17th cheapest)
More on Wilburton: Homes For Sale | Data
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Population: 3,539
Cost Of Living Index: 171 (13th cheapest)
Home Value To Income Ratio: 5.5 (17th cheapest)
Rent To Income Ratio: 0.009 (3rd cheapest)
More on Woodbridge: Homes For Sale | Data
Methodology: How We Determined The Cheapest Bellevue Hoods In 2022
In order to rank the cheapest places to live in Bellevue, 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 23 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 Bellevue." We're lookin' at you, Overlake.
Read on below to learn more about what it's like to live in the cheapest places Bellevue. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.
Summary: Lowest Cost Places To Live In Bellevue
If you're measuring the neighborhoods in Bellevue where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Bellevue aren't all cheap. North Bellevue takes the title of the most expensive neighborhood to live in Bellevue.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Washington reading, check out:
- Most Dangerous Cities In Washington
- Richest Cities In Washington
- Safest Places In Washington
- Worst Places To Live In Washington
Detailed List Of The Cheapest Neighborhoods To Live In Bellevue For 2022
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | Overlake | 154 |
| 2 | Bridle Trails | 165 |
| 3 | Newport Hills | 169 |
| 4 | Factoria | 157 |
| 5 | Phantom Lake | 159 |
| 6 | Lake Hills | 157 |
| 7 | Beaux Arts | 204 |
| 8 | Lakemont | 198 |
| 9 | Wilburton | 159 |
| 10 | Woodbridge | 171 |
| 11 | Downtown | 170 |
| 12 | Interlake | 170 |
| 13 | Eastgate | 172 |
| 14 | Newport Shores | 190 |
| 15 | Vasa | 168 |
| 16 | Robinswood | 150 |
| 17 | West Lake Sammamish | 178 |
| 18 | Somerset | 186 |
| 19 | Tam O'shanter | 178 |
| 20 | Crossroads | 155 |
| 21 | Hidden Valley | 172 |
| 22 | Meydenbauer | 199 |
| 23 | North Bellevue | 186 |
