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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 Mobile might be more expensive than living in rural Alabama, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Mobile 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 Mobile are the cheapest.
The Cheapest Neighborhoods In Mobile For 2022
What's the cheapest neighborhood to live in Mobile for 2022? According to the most recent census data, Ferry looks to be the cheaptest Mobile 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 Mobile. 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 Mobile that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Mobile.
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 Alabama reading, check out:
- Best Places To Live In Alabama
- Cheapest Places To Live In Alabama
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Mobile For 2022
Population: 1,300
Cost Of Living Index: 81 (7th cheapest)
Home Value To Income Ratio: 1.6 (5th cheapest)
Rent To Income Ratio: 0.0 (4th cheapest)
More on Ferry: Homes For Sale | Data
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Population: 1,258
Cost Of Living Index: 79 (3rd cheapest)
Home Value To Income Ratio: 1.2 (3rd cheapest)
Rent To Income Ratio: 0.008 (20th cheapest)
More on Usa: Homes For Sale | Data
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Population: 2,900
Cost Of Living Index: 73 (cheapest)
Home Value To Income Ratio: 1.1 (2nd cheapest)
Rent To Income Ratio: 0.011 (26th cheapest)
More on Riverfront Industrial Area: Homes For Sale | Data
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Population: 1,320
Cost Of Living Index: 81 (7th cheapest)
Home Value To Income Ratio: 1.8 (8th cheapest)
Rent To Income Ratio: 0.008 (15th cheapest)
More on Bayview: Homes For Sale | Data
Population: 717
Cost Of Living Index: 82 (10th cheapest)
Home Value To Income Ratio: 2.0 (18th cheapest)
Rent To Income Ratio: 0.0 (4th cheapest)
More on Autumndale: Homes For Sale | Data
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Population: 794
Cost Of Living Index: 84 (24th cheapest)
Home Value To Income Ratio: 1.8 (6th cheapest)
Rent To Income Ratio: 0.013 (42nd cheapest)
More on Fowl River: Homes For Sale | Data
Population: 1,257
Cost Of Living Index: 89 (7cheapest)
Home Value To Income Ratio: 1.9 (13th cheapest)
Rent To Income Ratio: 0.0 (4th cheapest)
More on Winfield: Homes For Sale | Data
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Population: 323
Cost Of Living Index: 83 (16th cheapest)
Home Value To Income Ratio: 2.1 (22nd cheapest)
Rent To Income Ratio: 0.016 (55th cheapest)
More on Seminole: Homes For Sale | Data
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Population: 1,189
Cost Of Living Index: 87 (50th cheapest)
Home Value To Income Ratio: 1.5 (4th cheapest)
Rent To Income Ratio: 0.014 (44th cheapest)
More on Devonshire: Homes For Sale | Data
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Population: 370
Cost Of Living Index: 84 (24th cheapest)
Home Value To Income Ratio: 2.1 (22nd cheapest)
Rent To Income Ratio: 0.016 (55th cheapest)
More on Edington: Homes For Sale | Data
Methodology: How We Determined The Cheapest Mobile Hoods In 2022
In order to rank the cheapest places to live in Mobile, 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 155 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 Mobile." We're lookin' at you, Ferry.
Read on below to learn more about what it's like to live in the cheapest places Mobile. 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 Mobile
If you're measuring the neighborhoods in Mobile where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Mobile aren't all cheap. Thornhill takes the title of the most expensive neighborhood to live in Mobile.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Alabama reading, check out:
- Most Dangerous Cities In Alabama
- Richest Cities In Alabama
- Safest Places In Alabama
- Worst Places To Live In Alabama