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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 Milwaukee might be more expensive than living in rural Wisconsin, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Milwaukee 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 Milwaukee are the cheapest.
The Cheapest Neighborhoods In Milwaukee For 2022
What's the cheapest neighborhood to live in Milwaukee for 2022? According to the most recent census data, Bradley Estates looks to be the cheaptest Milwaukee 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 Milwaukee. 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 Milwaukee that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Milwaukee.
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 Wisconsin reading, check out:
- Best Places To Live In Wisconsin
- Cheapest Places To Live In Wisconsin
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Milwaukee For 2022
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Population: 1,809
Cost Of Living Index: 82 (32nd cheapest)
Home Value To Income Ratio: 1.9 (16th cheapest)
Rent To Income Ratio: 0.005 (7th cheapest)
More on Bradley Estates: Homes For Sale | Data
Population: 266
Cost Of Living Index: 83 (42nd cheapest)
Home Value To Income Ratio: 2.3 (50th cheapest)
Rent To Income Ratio: 0.0 (3rd cheapest)
More on Grover Heights: Homes For Sale | Data
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Population: 1,052
Cost Of Living Index: 87 (84th cheapest)
Home Value To Income Ratio: 1.5 (5th cheapest)
Rent To Income Ratio: 0.009 (10th cheapest)
More on Historic Third Ward: Homes For Sale | Data
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Population: 2,203
Cost Of Living Index: 77 (2nd cheapest)
Home Value To Income Ratio: 2.0 (23rd cheapest)
Rent To Income Ratio: 0.019 (75th cheapest)
More on Northridge Lakes: Homes For Sale | Data
/10
Population: 2,774
Cost Of Living Index: 86 (74th cheapest)
Home Value To Income Ratio: 2.2 (35th cheapest)
Rent To Income Ratio: 0.003 (6th cheapest)
More on Golden Valley: Homes For Sale | Data
/10
Population: 8,811
Cost Of Living Index: 83 (42nd cheapest)
Home Value To Income Ratio: 2.4 (62nd cheapest)
Rent To Income Ratio: 0.011 (12th cheapest)
More on Menomonee River Hills: Homes For Sale | Data
Population: 886
Cost Of Living Index: 88 (94th cheapest)
Home Value To Income Ratio: 2.1 (26th cheapest)
Rent To Income Ratio: 0.0 (3rd cheapest)
More on College Heights: Homes For Sale | Data
/10
Population: 896
Cost Of Living Index: 81 (22nd cheapest)
Home Value To Income Ratio: 1.7 (8th cheapest)
Rent To Income Ratio: 0.021 (98th cheapest)
More on Servite Woods: Homes For Sale | Data
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Population: 4,145
Cost Of Living Index: 80 (14th cheapest)
Home Value To Income Ratio: 2.7 (96th cheapest)
Rent To Income Ratio: 0.014 (23rd cheapest)
More on Rufus King: Homes For Sale | Data
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Population: 1,955
Cost Of Living Index: 89 (104th cheapest)
Home Value To Income Ratio: 2.0 (22nd cheapest)
Rent To Income Ratio: 0.009 (9th cheapest)
More on Mount Mary: Homes For Sale | Data
Methodology: How We Determined The Cheapest Milwaukee Hoods In 2022
In order to rank the cheapest places to live in Milwaukee, 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 180 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 Milwaukee." We're lookin' at you, Bradley Estates.
Read on below to learn more about what it's like to live in the cheapest places Milwaukee. 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 Milwaukee
If you're measuring the neighborhoods in Milwaukee where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Milwaukee aren't all cheap. Riverside Park takes the title of the most expensive neighborhood to live in Milwaukee.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Wisconsin reading, check out:
- Most Dangerous Cities In Wisconsin
- Richest Cities In Wisconsin
- Safest Places In Wisconsin
- Worst Places To Live In Wisconsin