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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 Lincoln might be more expensive than living in rural Nebraska, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Lincoln 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 Lincoln are the cheapest.
The Cheapest Neighborhoods In Lincoln For 2022
What's the cheapest neighborhood to live in Lincoln for 2022? According to the most recent census data, West A looks to be the cheaptest Lincoln 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 Lincoln. 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 Lincoln that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Lincoln.
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 Nebraska reading, check out:
- Best Places To Live In Nebraska
- Cheapest Places To Live In Nebraska
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Lincoln For 2022
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Population: 9,627
Cost Of Living Index: 88 (12th cheapest)
Home Value To Income Ratio: 2.0 (4th cheapest)
Rent To Income Ratio: 0.012 (13th cheapest)
More on West A: Homes For Sale | Data
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Population: 313
Cost Of Living Index: 92 (25th cheapest)
Home Value To Income Ratio: 1.7 (2nd cheapest)
Rent To Income Ratio: 0.006 (6th cheapest)
More on Yankee Hill: Homes For Sale | Data
/10
Population: 3,312
Cost Of Living Index: 88 (12th cheapest)
Home Value To Income Ratio: 2.4 (18th cheapest)
Rent To Income Ratio: 0.003 (4th cheapest)
More on Colonial Hills: Homes For Sale | Data
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Population: 122
Cost Of Living Index: 91 (2cheapest)
Home Value To Income Ratio: 2.1 (6th cheapest)
Rent To Income Ratio: 0.009 (8th cheapest)
More on Salt Valley View: Homes For Sale | Data
Population: 480
Cost Of Living Index: 95 (3cheapest)
Home Value To Income Ratio: 1.9 (3rd cheapest)
Rent To Income Ratio: 0.0 (2nd cheapest)
More on Bicentennial Estates: Homes For Sale | Data
/10
Population: 5,080
Cost Of Living Index: 93 (29th cheapest)
Home Value To Income Ratio: 2.1 (7th cheapest)
Rent To Income Ratio: 0.002 (3rd cheapest)
More on Country Club: Homes For Sale | Data
/10
Population: 858
Cost Of Living Index: 92 (25th cheapest)
Home Value To Income Ratio: 2.1 (10th cheapest)
Rent To Income Ratio: 0.005 (5th cheapest)
More on Maple Village-Wedgewood: Homes For Sale | Data
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Population: 3,244
Cost Of Living Index: 89 (16th cheapest)
Home Value To Income Ratio: 2.4 (19th cheapest)
Rent To Income Ratio: 0.009 (9th cheapest)
More on Indian Village: Homes For Sale | Data
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Population: 1,742
Cost Of Living Index: 92 (25th cheapest)
Home Value To Income Ratio: 2.0 (5th cheapest)
Rent To Income Ratio: 0.014 (17th cheapest)
More on High Ridge-Cushman: Homes For Sale | Data
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Population: 1,146
Cost Of Living Index: 86 (6th cheapest)
Home Value To Income Ratio: 1.5 (cheapest)
Rent To Income Ratio: 0.023 (40th cheapest)
More on Tri-Court: Homes For Sale | Data
Methodology: How We Determined The Cheapest Lincoln Hoods In 2022
In order to rank the cheapest places to live in Lincoln, 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 43 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 Lincoln." We're lookin' at you, West A.
Read on below to learn more about what it's like to live in the cheapest places Lincoln. 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 Lincoln
If you're measuring the neighborhoods in Lincoln where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Lincoln aren't all cheap. Sunset Acres takes the title of the most expensive neighborhood to live in Lincoln.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Nebraska reading, check out:
- Most Dangerous Cities In Nebraska
- Richest Cities In Nebraska
- Safest Places In Nebraska
- Worst Places To Live In Nebraska
Detailed List Of The Cheapest Neighborhoods To Live In Lincoln For 2022
Rank | Neighborhood | Cost Of Living Index |
---|---|---|
1 | West A | 88 |
2 | Yankee Hill | 92 |
3 | Colonial Hills | 88 |
4 | Salt Valley View | 91 |
5 | Bicentennial Estates | 95 |
6 | Country Club | 93 |
7 | Maple Village-Wedgewood | 92 |
8 | Indian Village | 89 |
9 | High Ridge-Cushman | 92 |
10 | Tri-Court | 86 |
11 | 40th And A | 91 |
12 | Arnold Heights | 89 |
13 | Antelope Park | 89 |
14 | North Bottoms | 84 |
15 | Belmont | 86 |
16 | Hartley | 86 |
17 | East Campus | 89 |
18 | Meadowlane | 93 |
19 | Porter Ridge | 103 |
20 | Everett | 81 |
21 | Woods Park | 89 |
22 | University Place | 89 |
23 | Highlands | 99 |
24 | South 48th Street | 90 |
25 | South Salt Creek | 87 |
26 | Greater South | 93 |
27 | Yankee Ridge | 125 |
28 | Family Acres | 106 |
29 | Crown Pointe | 100 |
30 | Far South | 92 |
31 | Capitol Beach | 96 |
32 | Amber Hills | 114 |
33 | Near South | 86 |
34 | Landons | 92 |
35 | Downtown | 82 |
36 | Malone | 84 |
37 | Clinton | 87 |
38 | Southern Hills | 104 |
39 | Autumn Wood | 91 |
40 | Eastridge | 96 |
41 | Bishop Park | 104 |
42 | Taylor Park | 100 |
43 | Sunset Acres | 97 |