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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 Cleveland might be more expensive than living in rural Ohio, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Cleveland 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 Cleveland are the cheapest.
The Cheapest Neighborhoods In Cleveland For 2022
What's the cheapest neighborhood to live in Cleveland for 2022? According to the most recent census data, Indurstrial Valley looks to be the cheaptest Cleveland 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 Cleveland. 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 Cleveland that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Cleveland.
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 Ohio reading, check out:
- Best Places To Live In Ohio
- Cheapest Places To Live In Ohio
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Cleveland For 2022
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Population: 1,068
Cost Of Living Index: 74 (cheapest)
Home Value To Income Ratio: 0.4 (cheapest)
Rent To Income Ratio: 0.009 (cheapest)
More on Indurstrial Valley: Homes For Sale | Data
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Population: 7,509
Cost Of Living Index: 78 (2nd cheapest)
Home Value To Income Ratio: 1.5 (4th cheapest)
Rent To Income Ratio: 0.027 (23rd cheapest)
More on Woodland Hills: Homes For Sale | Data
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Population: 17,093
Cost Of Living Index: 83 (14th cheapest)
Home Value To Income Ratio: 1.9 (12th cheapest)
Rent To Income Ratio: 0.021 (9th cheapest)
More on Puritas Longmead: Homes For Sale | Data
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Population: 14,055
Cost Of Living Index: 82 (10th cheapest)
Home Value To Income Ratio: 2.0 (13th cheapest)
Rent To Income Ratio: 0.023 (16th cheapest)
More on Glenville: Homes For Sale | Data
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Population: 2,886
Cost Of Living Index: 88 (3cheapest)
Home Value To Income Ratio: 1.6 (5th cheapest)
Rent To Income Ratio: 0.016 (3rd cheapest)
More on Riverside: Homes For Sale | Data
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Population: 16,105
Cost Of Living Index: 84 (20th cheapest)
Home Value To Income Ratio: 1.8 (9th cheapest)
Rent To Income Ratio: 0.022 (12th cheapest)
More on West Boulevard: Homes For Sale | Data
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Population: 5,296
Cost Of Living Index: 79 (4th cheapest)
Home Value To Income Ratio: 1.0 (2nd cheapest)
Rent To Income Ratio: 0.032 (35th cheapest)
More on North Broadway: Homes For Sale | Data
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Population: 9,750
Cost Of Living Index: 78 (2nd cheapest)
Home Value To Income Ratio: 2.2 (19th cheapest)
Rent To Income Ratio: 0.026 (2cheapest)
More on Union Miles Park: Homes For Sale | Data
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Population: 7,306
Cost Of Living Index: 83 (14th cheapest)
Home Value To Income Ratio: 1.5 (3rd cheapest)
Rent To Income Ratio: 0.028 (28th cheapest)
More on Stockyards: Homes For Sale | Data
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Population: 18,606
Cost Of Living Index: 85 (26th cheapest)
Home Value To Income Ratio: 2.0 (14th cheapest)
Rent To Income Ratio: 0.018 (5th cheapest)
More on Jefferson: Homes For Sale | Data
Methodology: How We Determined The Cheapest Cleveland Hoods In 2022
In order to rank the cheapest places to live in Cleveland, 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 36 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 Cleveland." We're lookin' at you, Indurstrial Valley.
Read on below to learn more about what it's like to live in the cheapest places Cleveland. 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 Cleveland
If you're measuring the neighborhoods in Cleveland where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Cleveland aren't all cheap. University District takes the title of the most expensive neighborhood to live in Cleveland.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Ohio reading, check out:
- Most Dangerous Cities In Ohio
- Richest Cities In Ohio
- Safest Places In Ohio
- Worst Places To Live In Ohio
Detailed List Of The Cheapest Neighborhoods To Live In Cleveland For 2022
Rank | Neighborhood | Cost Of Living Index |
---|---|---|
1 | Indurstrial Valley | 74 |
2 | Woodland Hills | 78 |
3 | Puritas Longmead | 83 |
4 | Glenville | 82 |
5 | Riverside | 88 |
6 | West Boulevard | 84 |
7 | North Broadway | 79 |
8 | Union Miles Park | 78 |
9 | Stockyards | 83 |
10 | Jefferson | 85 |
11 | Goodrich-Kirkland | 84 |
12 | Old Brooklyn | 87 |
13 | Fairfax | 81 |
14 | North Collinwood | 83 |
15 | Central | 80 |
16 | Lee Miles | 84 |
17 | Saint Claire-Superior | 82 |
18 | Euclid Green | 83 |
19 | Kamm's Corner | 92 |
20 | South Broadway | 84 |
21 | Forest Hills | 84 |
22 | South Collinwood | 84 |
23 | Brooklyn Center | 84 |
24 | Cudell | 85 |
25 | Buckeye Shaker | 84 |
26 | Mt Pleasant | 81 |
27 | Corlett | 85 |
28 | Tremont | 92 |
29 | Kinsmith | 81 |
30 | Edgewater | 88 |
31 | Downtown | 88 |
32 | Detroit Shoreway | 87 |
33 | Ohio City-West Side | 92 |
34 | Hough | 82 |
35 | Clark Fulton | 85 |
36 | University District | 93 |