Article Table Of Contents
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 Oakland might be more expensive than living in rural California, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Oakland 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 Oakland are the cheapest.
The Cheapest Neighborhoods In Oakland For 2022
What's the cheapest neighborhood to live in Oakland for 2022? According to the most recent census data, Oakland Airport looks to be the cheaptest Oakland 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 Oakland. 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 Oakland that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Oakland.
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 California reading, check out:
- Best Places To Live In California
- Cheapest Places To Live In California
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Oakland For 2022
/10
Population: 925
Cost Of Living Index: 103 (cheapest)
Home Value To Income Ratio: 1.5 (cheapest)
Rent To Income Ratio: 0.011 (19th cheapest)
More on Oakland Airport: Homes For Sale | Data
/10
Population: 2,132
Cost Of Living Index: 118 (4th cheapest)
Home Value To Income Ratio: 3.1 (5th cheapest)
Rent To Income Ratio: 0.019 (48th cheapest)
More on Coliseum Industrial: Homes For Sale | Data
/10
Population: 1,893
Cost Of Living Index: 116 (2nd cheapest)
Home Value To Income Ratio: 2.2 (2nd cheapest)
Rent To Income Ratio: 0.021 (63rd cheapest)
More on South Kennedy Tract: Homes For Sale | Data
/10
Population: 839
Cost Of Living Index: 117 (3rd cheapest)
Home Value To Income Ratio: 2.6 (4th cheapest)
Rent To Income Ratio: 0.024 (8cheapest)
More on Fruitvale Station: Homes For Sale | Data
/10
Population: 753
Cost Of Living Index: 135 (42nd cheapest)
Home Value To Income Ratio: 4.3 (11th cheapest)
Rent To Income Ratio: 0.016 (36th cheapest)
More on Peralta-Laney: Homes For Sale | Data
/10
Population: 3,396
Cost Of Living Index: 118 (4th cheapest)
Home Value To Income Ratio: 3.2 (6th cheapest)
Rent To Income Ratio: 0.025 (88th cheapest)
More on Lakewide: Homes For Sale | Data
/10
Population: 2,794
Cost Of Living Index: 126 (18th cheapest)
Home Value To Income Ratio: 4.3 (12th cheapest)
Rent To Income Ratio: 0.022 (69th cheapest)
More on Lockwood Tevis: Homes For Sale | Data
/10
Population: 5,102
Cost Of Living Index: 135 (42nd cheapest)
Home Value To Income Ratio: 4.0 (8th cheapest)
Rent To Income Ratio: 0.019 (49th cheapest)
More on Grand Lake: Homes For Sale | Data
/10
Population: 2,274
Cost Of Living Index: 135 (42nd cheapest)
Home Value To Income Ratio: 5.4 (33rd cheapest)
Rent To Income Ratio: 0.013 (25th cheapest)
More on Acorn-Acorn Industrial: Homes For Sale | Data
/10
Population: 1,348
Cost Of Living Index: 127 (20th cheapest)
Home Value To Income Ratio: 2.4 (3rd cheapest)
Rent To Income Ratio: 0.024 (78th cheapest)
More on Produce And Waterfront: Homes For Sale | Data
Methodology: How We Determined The Cheapest Oakland Hoods In 2022
In order to rank the cheapest places to live in Oakland, 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 130 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 Oakland." We're lookin' at you, Oakland Airport.
Read on below to learn more about what it's like to live in the cheapest places Oakland. 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 Oakland
If you're measuring the neighborhoods in Oakland where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Oakland aren't all cheap. Chinatown takes the title of the most expensive neighborhood to live in Oakland.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more California reading, check out:
- Most Dangerous Cities In California
- Richest Cities In California
- Safest Places In California
- Worst Places To Live In California