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 Jersey City might be more expensive than living in rural New Jersey, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Jersey City 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 Jersey City are the cheapest.
The Cheapest Neighborhoods In Jersey City For 2022
What's the cheapest neighborhood to live in Jersey City for 2022? According to the most recent census data, Hackensack Riverfront looks to be the cheaptest Jersey City 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 Jersey City. 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 Jersey City that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Jersey City.
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 New Jersey reading, check out:
- Best Places To Live In New Jersey
- Cheapest Places To Live In New Jersey
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 5 Cheapest Neighborhoods To Live In Jersey City For 2022
/10
Population: 4,139
Cost Of Living Index: 127 (cheapest)
Home Value To Income Ratio: 3.8 (3rd cheapest)
Rent To Income Ratio: 0.019 (4th cheapest)
More on Hackensack Riverfront: Homes For Sale | Data
/10
Population: 447
Cost Of Living Index: 145 (9th cheapest)
Home Value To Income Ratio: 2.5 (cheapest)
Rent To Income Ratio: 0.011 (cheapest)
More on Liberty Park: Homes For Sale | Data
/10
Population: 10,234
Cost Of Living Index: 164 (11th cheapest)
Home Value To Income Ratio: 3.2 (2nd cheapest)
Rent To Income Ratio: 0.016 (2nd cheapest)
More on The Waterfront: Homes For Sale | Data
/10
Population: 1,175
Cost Of Living Index: 135 (7th cheapest)
Home Value To Income Ratio: 4.7 (4th cheapest)
Rent To Income Ratio: 0.019 (5th cheapest)
More on Lincoln Park: Homes For Sale | Data
/10
Population: 31,125
Cost Of Living Index: 162 (10th cheapest)
Home Value To Income Ratio: 5.0 (5th cheapest)
Rent To Income Ratio: 0.017 (3rd cheapest)
More on Downtown: Homes For Sale | Data
Methodology: How We Determined The Cheapest Jersey City Hoods In 2022
In order to rank the cheapest places to live in Jersey City, 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 11 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 Jersey City." We're lookin' at you, Hackensack Riverfront.
Read on below to learn more about what it's like to live in the cheapest places Jersey City. 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 Jersey City
If you're measuring the neighborhoods in Jersey City where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Jersey City aren't all cheap. Bergen-Lafayette takes the title of the most expensive neighborhood to live in Jersey City.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more New Jersey reading, check out:
- Most Dangerous Cities In New Jersey
- Richest Cities In New Jersey
- Safest Places In New Jersey
- Worst Places To Live In New Jersey
Detailed List Of The Cheapest Neighborhoods To Live In Jersey City For 2022
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | Hackensack Riverfront | 127 |
| 2 | Liberty Park | 145 |
| 3 | The Waterfront | 164 |
| 4 | Lincoln Park | 135 |
| 5 | Downtown | 162 |
| 6 | Greenville | 128 |
| 7 | The Heights | 133 |
| 8 | Journal Square | 131 |
| 9 | West Side | 136 |
| 10 | Mcginley Square | 130 |
| 11 | Bergen-Lafayette | 134 |
