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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 Dayton might be more expensive than living in rural Ohio, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Dayton 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 Dayton are the cheapest.
The Cheapest Neighborhoods In Dayton For 2022
What's the cheapest neighborhood to live in Dayton for 2022? According to the most recent census data, Mccook Field looks to be the cheaptest Dayton 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 Dayton. 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 Dayton that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Dayton.
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
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The 10 Cheapest Neighborhoods To Live In Dayton For 2022
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Population: 789
Cost Of Living Index: 75 (3rd cheapest)
Home Value To Income Ratio: 0.5 (2nd cheapest)
Rent To Income Ratio: 0.011 (9th cheapest)
More on Mccook Field: Homes For Sale | Data
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Population: 443
Cost Of Living Index: 74 (2nd cheapest)
Home Value To Income Ratio: 0.8 (3rd cheapest)
Rent To Income Ratio: 0.012 (10th cheapest)
More on Arlington Heights: Homes For Sale | Data
/10
Population: 1,706
Cost Of Living Index: 76 (4th cheapest)
Home Value To Income Ratio: 1.7 (18th cheapest)
Rent To Income Ratio: 0.01 (6th cheapest)
More on Northern Hills: Homes For Sale | Data
/10
Population: 2,500
Cost Of Living Index: 77 (6th cheapest)
Home Value To Income Ratio: 1.6 (10th cheapest)
Rent To Income Ratio: 0.015 (15th cheapest)
More on Five Oaks: Homes For Sale | Data
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Population: 2,229
Cost Of Living Index: 78 (8th cheapest)
Home Value To Income Ratio: 1.3 (5th cheapest)
Rent To Income Ratio: 0.016 (20th cheapest)
More on Southern Dayton View: Homes For Sale | Data
/10
Population: 1,763
Cost Of Living Index: 80 (17th cheapest)
Home Value To Income Ratio: 1.7 (17th cheapest)
Rent To Income Ratio: 0.007 (cheapest)
More on Dayton View Triangle: Homes For Sale | Data
/10
Population: 1,546
Cost Of Living Index: 80 (17th cheapest)
Home Value To Income Ratio: 1.8 (22nd cheapest)
Rent To Income Ratio: 0.01 (7th cheapest)
More on Fairlane: Homes For Sale | Data
/10
Population: 1,995
Cost Of Living Index: 81 (24th cheapest)
Home Value To Income Ratio: 1.6 (11th cheapest)
Rent To Income Ratio: 0.014 (14th cheapest)
More on Hearthstone: Homes For Sale | Data
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Population: 1,574
Cost Of Living Index: 73 (cheapest)
Home Value To Income Ratio: 0.3 (cheapest)
Rent To Income Ratio: 0.028 (5cheapest)
More on Lakeview: Homes For Sale | Data
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Population: 5,559
Cost Of Living Index: 79 (11th cheapest)
Home Value To Income Ratio: 1.9 (27th cheapest)
Rent To Income Ratio: 0.021 (30th cheapest)
More on Old North Dayton: Homes For Sale | Data
Methodology: How We Determined The Cheapest Dayton Hoods In 2022
In order to rank the cheapest places to live in Dayton, 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 64 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 Dayton." We're lookin' at you, Mccook Field.
Read on below to learn more about what it's like to live in the cheapest places Dayton. 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 Dayton
If you're measuring the neighborhoods in Dayton where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Dayton aren't all cheap. Downtown takes the title of the most expensive neighborhood to live in Dayton.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Ohio reading, check out:
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