Article Table Of Contents
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 Fort Wayne might be more expensive than living in rural Indiana, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Fort Wayne 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 Fort Wayne are the cheapest.
The Cheapest Neighborhoods In Fort Wayne For 2022
What's the cheapest neighborhood to live in Fort Wayne for 2022? According to the most recent census data, Tamarak looks to be the cheaptest Fort Wayne 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 Fort Wayne. 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 Fort Wayne that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Fort Wayne.
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 Indiana reading, check out:
- Best Places To Live In Indiana
- Cheapest Places To Live In Indiana
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Fort Wayne For 2022
Population: 374
Cost Of Living Index: 82 (50th cheapest)
Home Value To Income Ratio: 1.2 (2nd cheapest)
Rent To Income Ratio: 0.0 (13th cheapest)
More on Tamarak: Homes For Sale | Data
Population: 162
Cost Of Living Index: 81 (36th cheapest)
Home Value To Income Ratio: 1.5 (16th cheapest)
Rent To Income Ratio: 0.0 (13th cheapest)
More on Colonial Heritage: Homes For Sale | Data
Population: 92
Cost Of Living Index: 82 (50th cheapest)
Home Value To Income Ratio: 1.5 (16th cheapest)
Rent To Income Ratio: 0.0 (13th cheapest)
More on Village Green: Homes For Sale | Data
Population: 422
Cost Of Living Index: 86 (106th cheapest)
Home Value To Income Ratio: 1.2 (2nd cheapest)
Rent To Income Ratio: 0.0 (13th cheapest)
More on Blum: Homes For Sale | Data
/10
Population: 484
Cost Of Living Index: 84 (74th cheapest)
Home Value To Income Ratio: 1.6 (20th cheapest)
Rent To Income Ratio: 0.008 (3cheapest)
More on Forest Park Boulevard: Homes For Sale | Data
/10
Population: 1,909
Cost Of Living Index: 82 (50th cheapest)
Home Value To Income Ratio: 1.6 (33rd cheapest)
Rent To Income Ratio: 0.011 (53rd cheapest)
More on North Anthony Area: Homes For Sale | Data
/10
Population: 858
Cost Of Living Index: 81 (36th cheapest)
Home Value To Income Ratio: 1.5 (14th cheapest)
Rent To Income Ratio: 0.014 (88th cheapest)
More on Lincoln Park: Homes For Sale | Data
/10
Population: 1,544
Cost Of Living Index: 82 (50th cheapest)
Home Value To Income Ratio: 1.8 (63rd cheapest)
Rent To Income Ratio: 0.004 (26th cheapest)
More on Southwood Park: Homes For Sale | Data
Population: 391
Cost Of Living Index: 83 (64th cheapest)
Home Value To Income Ratio: 1.8 (7cheapest)
Rent To Income Ratio: 0.0 (13th cheapest)
More on Hoevelwood: Homes For Sale | Data
/10
Population: 1,400
Cost Of Living Index: 82 (50th cheapest)
Home Value To Income Ratio: 1.8 (62nd cheapest)
Rent To Income Ratio: 0.01 (37th cheapest)
More on Village Woods: Homes For Sale | Data
Methodology: How We Determined The Cheapest Fort Wayne Hoods In 2022
In order to rank the cheapest places to live in Fort Wayne, 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 231 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 Fort Wayne." We're lookin' at you, Tamarak.
Read on below to learn more about what it's like to live in the cheapest places Fort Wayne. 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 Fort Wayne
If you're measuring the neighborhoods in Fort Wayne where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Fort Wayne aren't all cheap. Burnham Woods takes the title of the most expensive neighborhood to live in Fort Wayne.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Indiana reading, check out:
- Most Dangerous Cities In Indiana
- Richest Cities In Indiana
- Safest Places In Indiana
- Worst Places To Live In Indiana