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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 Detroit might be more expensive than living in rural Michigan, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Detroit 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 Detroit are the cheapest.
The Cheapest Neighborhoods In Detroit For 2022
What's the cheapest neighborhood to live in Detroit for 2022? According to the most recent census data, Oakwood Heights looks to be the cheaptest Detroit 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 Detroit. 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 Detroit that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Detroit.
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 Michigan reading, check out:
- Best Places To Live In Michigan
- Cheapest Places To Live In Michigan
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Detroit For 2022
Population: 164
Cost Of Living Index: 75 (cheapest)
Home Value To Income Ratio: 0.4 (3rd cheapest)
Rent To Income Ratio: 0.0 (2nd cheapest)
More on Oakwood Heights: Homes For Sale | Data
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Population: 839
Cost Of Living Index: 78 (2nd cheapest)
Home Value To Income Ratio: 0.4 (2nd cheapest)
Rent To Income Ratio: 0.011 (7th cheapest)
More on Eliza Howell: Homes For Sale | Data
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Population: 1,085
Cost Of Living Index: 81 (16th cheapest)
Home Value To Income Ratio: 0.5 (5th cheapest)
Rent To Income Ratio: 0.013 (10th cheapest)
More on Grixdale: Homes For Sale | Data
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Population: 895
Cost Of Living Index: 79 (4th cheapest)
Home Value To Income Ratio: 0.9 (20th cheapest)
Rent To Income Ratio: 0.012 (9th cheapest)
More on Mcdougall-Hunt: Homes For Sale | Data
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Population: 615
Cost Of Living Index: 80 (10th cheapest)
Home Value To Income Ratio: 0.8 (14th cheapest)
Rent To Income Ratio: 0.017 (17th cheapest)
More on Carbon Works: Homes For Sale | Data
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Population: 2,082
Cost Of Living Index: 80 (10th cheapest)
Home Value To Income Ratio: 0.8 (13th cheapest)
Rent To Income Ratio: 0.018 (20th cheapest)
More on Blackstone Park: Homes For Sale | Data
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Population: 2,113
Cost Of Living Index: 80 (10th cheapest)
Home Value To Income Ratio: 0.7 (10th cheapest)
Rent To Income Ratio: 0.021 (3cheapest)
More on Chandler Park: Homes For Sale | Data
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Population: 5,794
Cost Of Living Index: 80 (10th cheapest)
Home Value To Income Ratio: 1.0 (25th cheapest)
Rent To Income Ratio: 0.017 (16th cheapest)
More on Grandale: Homes For Sale | Data
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Population: 1,080
Cost Of Living Index: 81 (16th cheapest)
Home Value To Income Ratio: 1.2 (36th cheapest)
Rent To Income Ratio: 0.016 (14th cheapest)
More on Conant Gardens: Homes For Sale | Data
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Population: 294
Cost Of Living Index: 80 (10th cheapest)
Home Value To Income Ratio: 0.9 (17th cheapest)
Rent To Income Ratio: 0.024 (47th cheapest)
More on Gold Coast: Homes For Sale | Data
Methodology: How We Determined The Cheapest Detroit Hoods In 2022
In order to rank the cheapest places to live in Detroit, 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 88 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 Detroit." We're lookin' at you, Oakwood Heights.
Read on below to learn more about what it's like to live in the cheapest places Detroit. 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 Detroit
If you're measuring the neighborhoods in Detroit where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Detroit aren't all cheap. Marina District takes the title of the most expensive neighborhood to live in Detroit.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Michigan reading, check out:
- Most Dangerous Places in Michigan
- Richest Cities In Michigan
- Safest Places In Michigan
- Worst Places To Live In Michigan