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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 Little Rock might be more expensive than living in rural Arkansas, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Little Rock 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 Little Rock are the cheapest.
The Cheapest Neighborhoods In Little Rock For 2022
What's the cheapest neighborhood to live in Little Rock for 2022? According to the most recent census data, Central High looks to be the cheaptest Little Rock 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 Little Rock. 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 Little Rock that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Little Rock.
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 Arkansas reading, check out:
- Best Places To Live In Arkansas
- Cheapest Places To Live In Arkansas
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Little Rock For 2022
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Population: 2,212
Cost Of Living Index: 81 (2nd cheapest)
Home Value To Income Ratio: 2.4 (9th cheapest)
Rent To Income Ratio: 0.016 (10th cheapest)
More on Central High: Homes For Sale | Data
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Population: 6,834
Cost Of Living Index: 90 (14th cheapest)
Home Value To Income Ratio: 2.3 (5th cheapest)
Rent To Income Ratio: 0.014 (7th cheapest)
More on Otter Creek Crystal: Homes For Sale | Data
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Population: 3,738
Cost Of Living Index: 84 (9th cheapest)
Home Value To Income Ratio: 2.2 (4th cheapest)
Rent To Income Ratio: 0.02 (16th cheapest)
More on 65th Street West: Homes For Sale | Data
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Population: 7,364
Cost Of Living Index: 81 (2nd cheapest)
Home Value To Income Ratio: 2.2 (cheapest)
Rent To Income Ratio: 0.028 (27th cheapest)
More on Oak Forest: Homes For Sale | Data
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Population: 5,944
Cost Of Living Index: 83 (6th cheapest)
Home Value To Income Ratio: 2.5 (10th cheapest)
Rent To Income Ratio: 0.019 (14th cheapest)
More on Cloverdale Watson: Homes For Sale | Data
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Population: 3,594
Cost Of Living Index: 82 (4th cheapest)
Home Value To Income Ratio: 2.3 (6th cheapest)
Rent To Income Ratio: 0.022 (2cheapest)
More on South End: Homes For Sale | Data
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Population: 4,024
Cost Of Living Index: 83 (6th cheapest)
Home Value To Income Ratio: 2.2 (2nd cheapest)
Rent To Income Ratio: 0.025 (24th cheapest)
More on Wakefield: Homes For Sale | Data
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Population: 3,232
Cost Of Living Index: 84 (9th cheapest)
Home Value To Income Ratio: 2.2 (3rd cheapest)
Rent To Income Ratio: 0.022 (20th cheapest)
More on East Of I-30: Homes For Sale | Data
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Population: 8,651
Cost Of Living Index: 84 (9th cheapest)
Home Value To Income Ratio: 2.5 (11th cheapest)
Rent To Income Ratio: 0.019 (13th cheapest)
More on Chicot West: Homes For Sale | Data
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Population: 2,070
Cost Of Living Index: 86 (12th cheapest)
Home Value To Income Ratio: 3.0 (19th cheapest)
Rent To Income Ratio: 0.009 (3rd cheapest)
More on South Geyer Springs: Homes For Sale | Data
Methodology: How We Determined The Cheapest Little Rock Hoods In 2022
In order to rank the cheapest places to live in Little Rock, 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 27 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 Little Rock." We're lookin' at you, Central High.
Read on below to learn more about what it's like to live in the cheapest places Little Rock. 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 Little Rock
If you're measuring the neighborhoods in Little Rock where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Little Rock aren't all cheap. Capital View-Stiff takes the title of the most expensive neighborhood to live in Little Rock.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Arkansas reading, check out:
- Most Dangerous Places in Arkansas
- Richest Cities In Arkansas
- Safest Places In Arkansas
- Worst Places To Live In Arkansas
Detailed List Of The Cheapest Neighborhoods To Live In Little Rock For 2022
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | Central High | 81 |
| 2 | Otter Creek Crystal | 90 |
| 3 | 65th Street West | 84 |
| 4 | Oak Forest | 81 |
| 5 | Cloverdale Watson | 83 |
| 6 | South End | 82 |
| 7 | Wakefield | 83 |
| 8 | East Of I-30 | 84 |
| 9 | Chicot West | 84 |
| 10 | South Geyer Springs | 86 |
| 11 | Rock Creek | 99 |
| 12 | West Markham | 95 |
| 13 | River Mountain | 100 |
| 14 | John Barrow | 88 |
| 15 | Reservoir | 94 |
| 16 | Upper Baseline | 82 |
| 17 | Big Dickinson Lake | 86 |
| 18 | Westwood-Pecan Lake | 92 |
| 19 | Midtown | 97 |
| 20 | Stephens | 83 |
| 21 | Boyle Park | 90 |
| 22 | Walnut Valley | 95 |
| 23 | Briarwood | 92 |
| 24 | Heights | 119 |
| 25 | Hillcrest | 104 |
| 26 | Downtown | 92 |
| 27 | Capital View-Stiff | 96 |
