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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 New York City might be more expensive than living in rural New York, there are certain neighborhoods that are definitely cheaper.
So what exactly are those New York City 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 New York City are the cheapest.
The Cheapest Neighborhoods In New York City For 2022
- Howland Hook
- Ardon Heights
- Oakwood
- Great Kills
- Country Club
- Eastchester
- Tottensville
- Mariners Harbor
- The Rockaways
- Bloomfield-Chelsea-Travis
What's the cheapest neighborhood to live in New York City for 2022? According to the most recent census data, Howland Hook looks to be the cheaptest New York City 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 New York City. 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 New York City that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in New York City.
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 New York reading, check out:
- Best Places To Live In New York
- Cheapest Places To Live In New York
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In New York City For 2022
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Population: 3,871
Cost Of Living Index: 98 (cheapest)
Home Value To Income Ratio: 2.5 (7th cheapest)
Rent To Income Ratio: 0.009 (7th cheapest)
More on Howland Hook: Homes For Sale
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Population: 23,582
Cost Of Living Index: 128 (22nd cheapest)
Home Value To Income Ratio: 4.7 (30th cheapest)
Rent To Income Ratio: 0.005 (cheapest)
More on Ardon Heights: Homes For Sale
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Population: 26,947
Cost Of Living Index: 130 (26th cheapest)
Home Value To Income Ratio: 4.6 (29th cheapest)
Rent To Income Ratio: 0.01 (9th cheapest)
More on Oakwood: Homes For Sale
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Population: 17,149
Cost Of Living Index: 134 (3cheapest)
Home Value To Income Ratio: 4.4 (2cheapest)
Rent To Income Ratio: 0.012 (19th cheapest)
More on Great Kills: Homes For Sale
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Population: 52,418
Cost Of Living Index: 125 (20th cheapest)
Home Value To Income Ratio: 4.0 (16th cheapest)
Rent To Income Ratio: 0.015 (37th cheapest)
More on Country Club: Homes For Sale
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Population: 19,282
Cost Of Living Index: 134 (3cheapest)
Home Value To Income Ratio: 4.2 (20th cheapest)
Rent To Income Ratio: 0.013 (23rd cheapest)
More on Eastchester: Homes For Sale
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Population: 15,609
Cost Of Living Index: 130 (26th cheapest)
Home Value To Income Ratio: 5.1 (38th cheapest)
Rent To Income Ratio: 0.011 (11th cheapest)
More on Tottensville: Homes For Sale
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Population: 33,993
Cost Of Living Index: 124 (18th cheapest)
Home Value To Income Ratio: 4.5 (23rd cheapest)
Rent To Income Ratio: 0.015 (35th cheapest)
More on Mariners Harbor: Homes For Sale
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Population: 119,512
Cost Of Living Index: 131 (28th cheapest)
Home Value To Income Ratio: 4.7 (3cheapest)
Rent To Income Ratio: 0.012 (18th cheapest)
More on The Rockaways: Homes For Sale
/10
Population: 10,884
Cost Of Living Index: 129 (24th cheapest)
Home Value To Income Ratio: 4.9 (35th cheapest)
Rent To Income Ratio: 0.013 (20th cheapest)
More on Bloomfield-Chelsea-Travis: Homes For Sale
Methodology: How We Determined The Cheapest New York City Hoods In 2022
In order to rank the cheapest places to live in New York City, 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 121 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 New York City." We're lookin' at you, Howland Hook.
Read on below to learn more about what it's like to live in the cheapest places New York City. 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 New York City
If you're measuring the neighborhoods in New York City where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in New York City aren't all cheap. Borough Park takes the title of the most expensive neighborhood to live in New York City.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more New York reading, check out:
- Most Dangerous Places In New York
- Richest Cities In New York
- Safest Places In New York According To Science
- Worst Places To Live In New York State
Detailed List Of The Cheapest Neighborhoods To Live In New York City For 2022
Rank | Neighborhood | Cost Of Living Index |
---|---|---|
1 | Howland Hook | 98 |
2 | Ardon Heights | 128 |
3 | Oakwood | 130 |
4 | Great Kills | 134 |
5 | Country Club | 125 |
6 | Eastchester | 134 |
7 | Tottensville | 130 |
8 | Mariners Harbor | 124 |
9 | The Rockaways | 131 |
10 | Bloomfield-Chelsea-Travis | 129 |
11 | Ettingville | 137 |
12 | Laurelton | 144 |
13 | Steinway | 136 |
14 | Annandale | 142 |
15 | Midland Beach | 146 |
16 | Springfield Gardens | 138 |
17 | Riverdale | 145 |
18 | Woodrow | 148 |
19 | Hamilton Heights | 112 |
20 | Woodlawn-Nordwood | 129 |
21 | Westerleigh-Castleton | 139 |
22 | New Brighton | 139 |
23 | South Beach | 146 |
24 | Kings Bridge | 117 |
25 | Washington Heights | 113 |
26 | Lower East Side | 125 |
27 | Throggs Neck | 142 |
28 | Spuyten Duyvil | 145 |
29 | High Bridge | 105 |
30 | Hunts Point | 106 |
31 | University Heights | 105 |
32 | Bedford Park | 107 |
33 | Mott Haven | 106 |
34 | Inwood | 120 |
35 | Fordham | 106 |
36 | Port Richmond | 122 |
37 | Rossville | 145 |
38 | Morris Heights | 108 |
39 | Rosebank | 151 |
40 | Tremont | 109 |
41 | Prince's Bay | 150 |
42 | Saintalbans | 146 |
43 | Parkchester | 128 |
44 | East Village | 141 |
45 | City Island | 156 |
46 | Huguenot | 156 |
47 | Richmondtown | 145 |
48 | Todt Hill | 154 |
49 | South Bronx | 114 |
50 | Queens Village | 149 |
51 | Clifton | 142 |
52 | Nkew Gardens | 145 |
53 | North Sutton Area | 197 |
54 | Douglastown-Little Neck | 158 |
55 | Union Port | 134 |
56 | Garment District | 166 |
57 | Soundview | 123 |
58 | Battery Park | 204 |
59 | Williams Bridge | 129 |
60 | Morris Park | 141 |
61 | Gramercy | 169 |
62 | Charlestown-Richmond Valley | 152 |
63 | East Harlem | 122 |
64 | Clearview | 162 |
65 | Clinton | 158 |
66 | Glendale | 153 |
67 | Morningside Heights | 156 |
68 | Brownsville | 132 |
69 | Wakefield-Williamsbridge | 137 |
70 | Baychester | 153 |
71 | Canarsie | 154 |
72 | Harlem | 138 |
73 | Jamaica | 144 |
74 | Sunny Side | 151 |
75 | Financial District | 223 |
76 | Upper West Side | 198 |
77 | Forest Hills | 156 |
78 | Chinatown | 156 |
79 | Yorkville | 138 |
80 | Middle Village | 164 |
81 | Murray Hill | 189 |
82 | Upper East Side | 211 |
83 | Utopia | 158 |
84 | Williamsburg | 145 |
85 | Tribeca | 281 |
86 | Midtown | 193 |
87 | Astoria-Long Island City | 147 |
88 | Downtown | 197 |
89 | West Village | 211 |
90 | Chelsea | 207 |
91 | Bushwick | 143 |
92 | Ridgewood | 154 |
93 | Greenwood | 172 |
94 | Woodhaven-Richmond Hill | 154 |
95 | Carnegie Hill | 309 |
96 | Central Park | 219 |
97 | Auburndale | 168 |
98 | Jackson Heights | 149 |
99 | East Brooklyn | 143 |
100 | Woodside | 149 |
101 | Park Slope | 218 |
102 | Gravesend-Sheepshead Bay | 163 |
103 | Soho | 236 |
104 | Flushing | 150 |
105 | Cobble Hill | 253 |
106 | Little Italy | 199 |
107 | Carroll Gardens | 227 |
108 | Maspeth | 162 |
109 | Greenwich Village | 220 |
110 | Boerum Hill | 219 |
111 | Fort Green | 182 |
112 | Queensboro Hill | 162 |
113 | Bay Ridge | 176 |
114 | Dyker Heights | 184 |
115 | Bedford-Stuyvesant | 154 |
116 | Bensonhurst | 170 |
117 | Mapleton-Flatlands | 174 |
118 | Corona | 165 |
119 | Whitestone | 211 |
120 | Sunset Park | 170 |
121 | Borough Park | 183 |