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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 Buffalo might be more expensive than living in rural New York, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Buffalo 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 Buffalo are the cheapest.
The Cheapest Neighborhoods In Buffalo For 2022
What's the cheapest neighborhood to live in Buffalo for 2022? According to the most recent census data, First Ward looks to be the cheaptest Buffalo 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 Buffalo. 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 Buffalo that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Buffalo.
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 York reading, check out:
- Best Places To Live In New York
- Cheapest Places To Live In New York
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Buffalo For 2022
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Population: 1,641
Cost Of Living Index: 74 (cheapest)
Home Value To Income Ratio: 1.1 (5th cheapest)
Rent To Income Ratio: 0.021 (27th cheapest)
More on First Ward: Homes For Sale | Data
/10
Population: 6,430
Cost Of Living Index: 80 (18th cheapest)
Home Value To Income Ratio: 1.4 (13th cheapest)
Rent To Income Ratio: 0.011 (5th cheapest)
More on South Park: Homes For Sale | Data
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Population: 5,425
Cost Of Living Index: 75 (2nd cheapest)
Home Value To Income Ratio: 0.7 (cheapest)
Rent To Income Ratio: 0.025 (36th cheapest)
More on Grider: Homes For Sale | Data
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Population: 1,327
Cost Of Living Index: 78 (10th cheapest)
Home Value To Income Ratio: 1.3 (10th cheapest)
Rent To Income Ratio: 0.02 (23rd cheapest)
More on Tifft: Homes For Sale | Data
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Population: 3,160
Cost Of Living Index: 76 (4th cheapest)
Home Value To Income Ratio: 0.9 (2nd cheapest)
Rent To Income Ratio: 0.026 (40th cheapest)
More on Babcock: Homes For Sale | Data
/10
Population: 10,344
Cost Of Living Index: 81 (22nd cheapest)
Home Value To Income Ratio: 1.3 (7th cheapest)
Rent To Income Ratio: 0.018 (19th cheapest)
More on Kensington: Homes For Sale | Data
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Population: 5,166
Cost Of Living Index: 82 (26th cheapest)
Home Value To Income Ratio: 1.6 (19th cheapest)
Rent To Income Ratio: 0.011 (3rd cheapest)
More on Kaisertown: Homes For Sale | Data
/10
Population: 7,787
Cost Of Living Index: 77 (6th cheapest)
Home Value To Income Ratio: 1.4 (14th cheapest)
Rent To Income Ratio: 0.021 (28th cheapest)
More on Lovejoy: Homes For Sale | Data
/10
Population: 7,067
Cost Of Living Index: 78 (10th cheapest)
Home Value To Income Ratio: 1.5 (16th cheapest)
Rent To Income Ratio: 0.02 (24th cheapest)
More on Kenfield: Homes For Sale | Data
/10
Population: 5,400
Cost Of Living Index: 81 (22nd cheapest)
Home Value To Income Ratio: 1.6 (2cheapest)
Rent To Income Ratio: 0.014 (9th cheapest)
More on University: Homes For Sale | Data
Methodology: How We Determined The Cheapest Buffalo Hoods In 2022
In order to rank the cheapest places to live in Buffalo, 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 50 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 Buffalo." We're lookin' at you, First Ward.
Read on below to learn more about what it's like to live in the cheapest places Buffalo. 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 Buffalo
If you're measuring the neighborhoods in Buffalo where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Buffalo aren't all cheap. Allen takes the title of the most expensive neighborhood to live in Buffalo.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more New York reading, check out:
- Most Dangerous Places In New York
- Richest Cities In New York
- Safest Places In New York According To Science
- Worst Places To Live In New York State
Detailed List Of The Cheapest Neighborhoods To Live In Buffalo For 2022
Rank | Neighborhood | Cost Of Living Index |
---|---|---|
1 | First Ward | 74 |
2 | South Park | 80 |
3 | Grider | 75 |
4 | Tifft | 78 |
5 | Babcock | 76 |
6 | Kensington | 81 |
7 | Kaisertown | 82 |
8 | Lovejoy | 77 |
9 | Kenfield | 78 |
10 | University | 81 |
11 | South Abbott | 84 |
12 | Broadway-Fillmore | 78 |
13 | Squaw Island | 76 |
14 | Emerson | 75 |
15 | Black Rock | 80 |
16 | Cazenovia Park | 82 |
17 | Emslie | 78 |
18 | Genesee Moselle | 77 |
19 | Valley | 78 |
20 | South Ellicott | 80 |
21 | Mlk Park | 79 |
22 | Abbott Mckinley | 86 |
23 | Kingsley | 79 |
24 | Willert Park | 79 |
25 | Forest | 84 |
26 | North Delaware | 89 |
27 | Triangle | 81 |
28 | Grant Ferry | 82 |
29 | Military | 82 |
30 | Riverside Park | 78 |
31 | Starin Central | 96 |
32 | North Park | 93 |
33 | Hamlin Park | 85 |
34 | Parkside | 98 |
35 | Schiller Park | 81 |
36 | Medical Park | 84 |
37 | Lasalle | 84 |
38 | Lakeview | 85 |
39 | Delaware-West Ferry | 96 |
40 | Masten Park | 82 |
41 | Albright | 104 |
42 | Waterfront | 116 |
43 | Delaware Park | 96 |
44 | Seneca | 85 |
45 | Bryant | 92 |
46 | Leroy | 83 |
47 | Park Meadow | 107 |
48 | Front Park | 87 |
49 | Columbus | 85 |
50 | Allen | 101 |