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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 Denver might be more expensive than living in rural Colorado, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Denver 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 Denver are the cheapest.
The Cheapest Neighborhoods In Denver For 2022
What's the cheapest neighborhood to live in Denver for 2022? According to the most recent census data, Southwestern Denver looks to be the cheaptest Denver 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 Denver. 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 Denver that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Denver.
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 Colorado reading, check out:
- Best Places To Live In Colorado
- Cheapest Places To Live In Colorado
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Denver For 2022
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Population: 123,093
Cost Of Living Index: 106 (2nd cheapest)
Home Value To Income Ratio: 4.2 (3rd cheapest)
Rent To Income Ratio: 0.015 (10th cheapest)
More on Southwestern Denver: Homes For Sale | Data
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Population: 25,549
Cost Of Living Index: 106 (2nd cheapest)
Home Value To Income Ratio: 4.3 (4th cheapest)
Rent To Income Ratio: 0.017 (13th cheapest)
More on Northern Denver: Homes For Sale | Data
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Population: 28,587
Cost Of Living Index: 122 (11th cheapest)
Home Value To Income Ratio: 4.4 (7th cheapest)
Rent To Income Ratio: 0.008 (cheapest)
More on Park Hill: Homes For Sale | Data
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Population: 123,683
Cost Of Living Index: 114 (6th cheapest)
Home Value To Income Ratio: 4.3 (5th cheapest)
Rent To Income Ratio: 0.016 (11th cheapest)
More on Southeastern Denver: Homes For Sale | Data
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Population: 30,609
Cost Of Living Index: 116 (7th cheapest)
Home Value To Income Ratio: 4.7 (8th cheapest)
Rent To Income Ratio: 0.014 (7th cheapest)
More on Northwestern Denver: Homes For Sale | Data
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Population: 19,385
Cost Of Living Index: 143 (19th cheapest)
Home Value To Income Ratio: 3.9 (2nd cheapest)
Rent To Income Ratio: 0.013 (5th cheapest)
More on Stapleton: Homes For Sale | Data
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Population: 35,927
Cost Of Living Index: 111 (5th cheapest)
Home Value To Income Ratio: 3.3 (cheapest)
Rent To Income Ratio: 0.02 (2cheapest)
More on Gateway-Green Valley Ranch: Homes For Sale | Data
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Population: 15,265
Cost Of Living Index: 127 (14th cheapest)
Home Value To Income Ratio: 4.7 (10th cheapest)
Rent To Income Ratio: 0.013 (4th cheapest)
More on Highland: Homes For Sale | Data
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Population: 64,393
Cost Of Living Index: 133 (16th cheapest)
Home Value To Income Ratio: 4.7 (9th cheapest)
Rent To Income Ratio: 0.014 (6th cheapest)
More on Central East Denver: Homes For Sale | Data
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Population: 21,726
Cost Of Living Index: 107 (3rd cheapest)
Home Value To Income Ratio: 4.4 (6th cheapest)
Rent To Income Ratio: 0.02 (22nd cheapest)
More on Capitol Hill: Homes For Sale | Data
Methodology: How We Determined The Cheapest Denver Hoods In 2022
In order to rank the cheapest places to live in Denver, 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 22 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 Denver." We're lookin' at you, Southwestern Denver.
Read on below to learn more about what it's like to live in the cheapest places Denver. 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 Denver
If you're measuring the neighborhoods in Denver where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Denver aren't all cheap. University takes the title of the most expensive neighborhood to live in Denver.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Colorado reading, check out:
- Most Dangerous Cities In Colorado
- Richest Cities In Colorado
- Safest Places In Colorado
- Worst Places To Live In Colorado
Detailed List Of The Cheapest Neighborhoods To Live In Denver For 2022
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | Southwestern Denver | 106 |
| 2 | Northern Denver | 106 |
| 3 | Park Hill | 122 |
| 4 | Southeastern Denver | 114 |
| 5 | Northwestern Denver | 116 |
| 6 | Stapleton | 143 |
| 7 | Gateway-Green Valley Ranch | 111 |
| 8 | Highland | 127 |
| 9 | Central East Denver | 133 |
| 10 | Capitol Hill | 107 |
| 11 | Central West Denver | 110 |
| 12 | Washington Park | 146 |
| 13 | Baker | 121 |
| 14 | Jefferson Park | 121 |
| 15 | Auraria | 135 |
| 16 | Cherry Creek | 162 |
| 17 | Alamo Placita | 119 |
| 18 | City Park | 123 |
| 19 | Five Points | 126 |
| 20 | Golden Triangle | 137 |
| 21 | Lodo | 133 |
| 22 | University | 148 |
