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 Hampton might be more expensive than living in rural Virginia, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Hampton 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 Hampton are the cheapest.
Here are the cheapest neighborhoods in Hampton for 2020:
What’s the cheapest neighborhood to live in Hampton for 2020? According to the most recent census data, Magruder Area looks to be the cheaptest Hampton 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 Hampton. 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 Hampton that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Hampton.
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 Virginia reading, check out:
- Best Places To Live In Virginia
- Best Counties To Live In Virginia
- Cheapest Cities To Live In America
- Cheapest States To Live In America
How We Determined The Cheapest Hampton Hoods In 2020
In order to rank the cheapest places to live in Hampton, 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 10 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 Hampton.” We’re lookin’ at you, Magruder Area.
Read on below to learn more about what it’s like to live in the cheapest places Hampton. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.
The 5 Cheapest Neighborhoods To Live In Hampton For 2020
/10
Population: 11,918
Cost Of Living Index: 100 (8th cheapest)
Home Value To Income Ratio: 3.0 (1st cheapest)
Rent To Income Ratio: 0.014 (3rd cheapest)
More on Magruder Area: Homes For Sale | Data
Magruder was a small unincorporated town in Virginia near Williamsburg in York County. Settled mostly by African-American freedmen after the American Civil War, it once had its own church, post office, cemetery, lodge, and homes. After this land was acquired for the development of the US military reservation known as Camp Peary, all the residents and businesses were displaced. Magruder is considered extinct and one of the lost towns of Virginia.
The median income in Magruder Area comes in at $65,670 and the median home value is $193,800 for 2020.
/10
Population: 11,756
Cost Of Living Index: 97 (4th cheapest)
Home Value To Income Ratio: 3.0 (2nd cheapest)
Rent To Income Ratio: 0.022 (7th cheapest)
More on Mercury Central: Homes For Sale | Data
The median income in Mercury Central comes in at $50,309 and the median home value is $151,233 for 2020.
/10
Population: 8,835
Cost Of Living Index: 102 (9th cheapest)
Home Value To Income Ratio: 3.0 (3rd cheapest)
Rent To Income Ratio: 0.009 (1st cheapest)
More on Foxhill: Homes For Sale | Data
Fox Hill is an area within the eastern part of Hampton, Virginia. It is mostly a residential community with a few small businesses scattered throughout. Fox Hill is bordered to the south by Phoebus, a neighborhood and former town that was incorporated within the city of Hampton; and Buckroe, a small beachfront community. Fox Hill Extends from Bloxom’s Corner down Beach Road to Grandview Island and includes areas down Beach Road and borders Colonial Acres at Silver Isles Blvd.
The median income in Foxhill comes in at $76,050 and the median home value is $228,788 for 2020.
/10
Population: 13,309
Cost Of Living Index: 98 (6th cheapest)
Home Value To Income Ratio: 3.1 (4th cheapest)
Rent To Income Ratio: 0.016 (4th cheapest)
More on Buckroe: Homes For Sale | Data
Buckroe Beach is a neighborhood in the independent city of Hampton, Virginia. It lies just north of Fort Monroe on the Chesapeake Bay. One of the oldest recreational areas in the state, it was long located in Elizabeth City County near the downtown area of the lost town of Phoebus prior to their consolidation with Hampton in 1952.
The median income in Buckroe comes in at $56,710 and the median home value is $177,933 for 2020.
/10
Population: 12,712
Cost Of Living Index: 96 (2nd cheapest)
Home Value To Income Ratio: 3.4 (7th cheapest)
Rent To Income Ratio: 0.02 (6th cheapest)
More on Greater Wythe: Homes For Sale | Data
Wythe is a neighborhood in Hampton, Virginia. The Wythe neighborhood is named after one of the original signers of the United States Declaration of Independence, George Wythe. The oldest historic portion of the Wythe neighborhood in Hampton, Va is called Olde Wythe.
The median income in Greater Wythe comes in at $46,125 and the median home value is $158,986 for 2020.
Summing Up The Cheapest Places In Hampton
If you’re measuring the neighborhoods in Hampton where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Hampton aren’t all cheap. Downtown takes the title of the most expensive neighborhood to live in Hampton.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Virginia reading, check out:
- Cheapest Places To Live In Virginia
- Best Places To Raise A Family In Virginia
- Best Places To Retire In Virginia
- Richest Cities In Virginia
- Safest Places In Virginia
- Worst Cities In Virginia For 2017
Detailed List Of The Cheapest Neighborhoods To Live In Hampton For 2020
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | Magruder Area | 100 |
| 2 | Mercury Central | 97 |
| 3 | Foxhill | 102 |
| 4 | Buckroe | 98 |
| 5 | Greater Wythe | 96 |
| 6 | North King St | 99 |
| 7 | Phoebus | 96 |
| 8 | Northampton | 103 |
| 9 | Aberdeen | 97 |
| 10 | Downtown | 98 |
