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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 Las Vegas might be more expensive than living in rural Nevada, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Las Vegas 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 Las Vegas are the cheapest.
The Cheapest Neighborhoods In Las Vegas For 2022
What's the cheapest neighborhood to live in Las Vegas for 2022? According to the most recent census data, East Las Vegas looks to be the cheaptest Las Vegas 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 Las Vegas. 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 Las Vegas that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Las Vegas.
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 Nevada reading, check out:
- Best Places To Live In Nevada
- Cheapest Places To Live In Nevada
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Las Vegas For 2022
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Population: 34,490
Cost Of Living Index: 86 (4th cheapest)
Home Value To Income Ratio: 1.7 (cheapest)
Rent To Income Ratio: 0.025 (23rd cheapest)
More on East Las Vegas: Homes For Sale | Data
/10
Population: 12,643
Cost Of Living Index: 83 (cheapest)
Home Value To Income Ratio: 2.1 (5th cheapest)
Rent To Income Ratio: 0.025 (22nd cheapest)
More on Cultural Corridor: Homes For Sale | Data
/10
Population: 3,994
Cost Of Living Index: 87 (5th cheapest)
Home Value To Income Ratio: 2.0 (4th cheapest)
Rent To Income Ratio: 0.024 (20th cheapest)
More on Umc: Homes For Sale | Data
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Population: 38,504
Cost Of Living Index: 93 (9th cheapest)
Home Value To Income Ratio: 2.5 (10th cheapest)
Rent To Income Ratio: 0.02 (11th cheapest)
More on Charleston Heights: Homes For Sale | Data
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Population: 19,066
Cost Of Living Index: 92 (8th cheapest)
Home Value To Income Ratio: 2.0 (3rd cheapest)
Rent To Income Ratio: 0.024 (19th cheapest)
More on Sunrise: Homes For Sale | Data
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Population: 7,843
Cost Of Living Index: 86 (4th cheapest)
Home Value To Income Ratio: 1.9 (2nd cheapest)
Rent To Income Ratio: 0.031 (26th cheapest)
More on Downtown East: Homes For Sale | Data
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Population: 14,970
Cost Of Living Index: 97 (13th cheapest)
Home Value To Income Ratio: 2.7 (11th cheapest)
Rent To Income Ratio: 0.018 (8th cheapest)
More on Pioneer Park: Homes For Sale | Data
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Population: 12,178
Cost Of Living Index: 94 (10th cheapest)
Home Value To Income Ratio: 2.3 (6th cheapest)
Rent To Income Ratio: 0.022 (16th cheapest)
More on Twin Lakes: Homes For Sale | Data
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Population: 10,896
Cost Of Living Index: 85 (2nd cheapest)
Home Value To Income Ratio: 2.9 (13th cheapest)
Rent To Income Ratio: 0.024 (2cheapest)
More on Downtown: Homes For Sale | Data
/10
Population: 16,115
Cost Of Living Index: 94 (10th cheapest)
Home Value To Income Ratio: 2.5 (9th cheapest)
Rent To Income Ratio: 0.022 (17th cheapest)
More on Huntridge: Homes For Sale | Data
Methodology: How We Determined The Cheapest Las Vegas Hoods In 2022
In order to rank the cheapest places to live in Las Vegas, 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 26 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 Las Vegas." We're lookin' at you, East Las Vegas.
Read on below to learn more about what it's like to live in the cheapest places Las Vegas. 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 Las Vegas
If you're measuring the neighborhoods in Las Vegas where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Las Vegas aren't all cheap. Meadows Village takes the title of the most expensive neighborhood to live in Las Vegas.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Nevada reading, check out:
- 5 Most Dangerous Cities In Nevada
- Richest Cities In Nevada
- Safest Places In Nevada
- Worst Places To Live In Nevada
Detailed List Of The Cheapest Neighborhoods To Live In Las Vegas For 2022
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | East Las Vegas | 86 |
| 2 | Cultural Corridor | 83 |
| 3 | Umc | 87 |
| 4 | Charleston Heights | 93 |
| 5 | Sunrise | 92 |
| 6 | Downtown East | 86 |
| 7 | Pioneer Park | 97 |
| 8 | Twin Lakes | 94 |
| 9 | Downtown | 85 |
| 10 | Huntridge | 94 |
| 11 | West Las Vegas | 90 |
| 12 | Michael Way | 96 |
| 13 | Rancho Charleston | 100 |
| 14 | Tule Springs | 114 |
| 15 | Angel Park Lindell | 100 |
| 16 | Kyle Canyon | 108 |
| 17 | Centennial Hills | 109 |
| 18 | North Cheyenne | 103 |
| 19 | Lone Mountain | 108 |
| 20 | Summerlin North | 124 |
| 21 | Sheep Mountain | 118 |
| 22 | Desert Shores | 108 |
| 23 | The Lakes | 118 |
| 24 | Sun City Summerlin | 108 |
| 25 | Buffalo | 114 |
| 26 | Meadows Village | 91 |
