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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 Jacksonville might be more expensive than living in rural Florida, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Jacksonville 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 Jacksonville are the cheapest.
The Cheapest Neighborhoods In Jacksonville For 2021
What's the cheapest neighborhood to live in Jacksonville for 2021? According to the most recent census data, Grand Park looks to be the cheaptest Jacksonville 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 Jacksonville. 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 Jacksonville that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Jacksonville.
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 Florida reading, check out:
- Best Places To Live In Florida
- Cheapest Places To Live In Florida
- Cheapest Cities To Live In America
- Cheapest States To Live In America
How We Determined The Cheapest Jacksonville Hoods In 2021
In order to rank the cheapest places to live in Jacksonville, 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 190 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 Jacksonville." We're lookin' at you, Grand Park.
Read on below to learn more about what it's like to live in the cheapest places Jacksonville. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.
The 10 Cheapest Neighborhoods To Live In Jacksonville For 2021
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Population: 3,108
Cost Of Living Index: 75 (3rd cheapest)
Home Value To Income Ratio: 1.7 (11th cheapest)
Rent To Income Ratio: 0.013 (23rd cheapest)
More on Grand Park: Homes For Sale | Data
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Population: 1,268
Cost Of Living Index: 78 (11th cheapest)
Home Value To Income Ratio: 1.4 (4th cheapest)
Rent To Income Ratio: 0.016 (46th cheapest)
More on Kennel Club: Homes For Sale | Data
/10
Population: 5,659
Cost Of Living Index: 77 (7th cheapest)
Home Value To Income Ratio: 1.7 (13th cheapest)
Rent To Income Ratio: 0.017 (52nd cheapest)
More on San Jose: Homes For Sale | Data
/10
Population: 2,722
Cost Of Living Index: 84 (60th cheapest)
Home Value To Income Ratio: 2.0 (34th cheapest)
Rent To Income Ratio: 0.008 (10th cheapest)
More on Tiger Hole-Secret Woods: Homes For Sale | Data
/10
Population: 6,567
Cost Of Living Index: 80 (22nd cheapest)
Home Value To Income Ratio: 1.7 (9th cheapest)
Rent To Income Ratio: 0.02 (87th cheapest)
More on Ortega Hills: Homes For Sale | Data
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Population: 129
Cost Of Living Index: 74 (2nd cheapest)
Home Value To Income Ratio: 1.1 (cheapest)
Rent To Income Ratio: 0.022 (115th cheapest)
More on Midtown: Homes For Sale | Data
/10
Population: 1,517
Cost Of Living Index: 80 (22nd cheapest)
Home Value To Income Ratio: 1.8 (2cheapest)
Rent To Income Ratio: 0.019 (80th cheapest)
More on Larsen: Homes For Sale | Data
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Population: 1,800
Cost Of Living Index: 83 (5cheapest)
Home Value To Income Ratio: 2.4 (7cheapest)
Rent To Income Ratio: 0.005 (5th cheapest)
More on Holly Oaks: Homes For Sale | Data
/10
Population: 1,824
Cost Of Living Index: 82 (38th cheapest)
Home Value To Income Ratio: 1.8 (15th cheapest)
Rent To Income Ratio: 0.019 (78th cheapest)
More on Harborview: Homes For Sale | Data
/10
Population: 8,533
Cost Of Living Index: 83 (5cheapest)
Home Value To Income Ratio: 2.3 (54th cheapest)
Rent To Income Ratio: 0.013 (30th cheapest)
More on Hyde Park: Homes For Sale | Data
Summing Up The Cheapest Places In Jacksonville
If you're measuring the neighborhoods in Jacksonville where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Jacksonville aren't all cheap. Brooklyn takes the title of the most expensive neighborhood to live in Jacksonville.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Florida reading, check out:
- Most Dangerous Places In Florida
- Richest Cities In Florida
- Safest Places In Florida
- Worst Places To Live In Florida