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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 Orlando might be more expensive than living in rural Florida, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Orlando 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 Orlando are the cheapest.
The Cheapest Neighborhoods In Orlando For 2022
What's the cheapest neighborhood to live in Orlando for 2022? According to the most recent census data, Rock Lake looks to be the cheaptest Orlando 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 Orlando. 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 Orlando that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Orlando.
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 Florida reading, check out:
- Best Places To Live In Florida
- Cheapest Places To Live In Florida
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Orlando For 2022
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Population: 1,065
Cost Of Living Index: 78 (2nd cheapest)
Home Value To Income Ratio: 1.7 (5th cheapest)
Rent To Income Ratio: 0.014 (13th cheapest)
More on Rock Lake: Homes For Sale | Data
Population: 783
Cost Of Living Index: 87 (28th cheapest)
Home Value To Income Ratio: 2.5 (28th cheapest)
Rent To Income Ratio: 0.0 (cheapest)
More on Orlando Executive: Homes For Sale | Data
/10
Population: 480
Cost Of Living Index: 81 (5th cheapest)
Home Value To Income Ratio: 2.6 (30th cheapest)
Rent To Income Ratio: 0.017 (29th cheapest)
More on Lorna Doone: Homes For Sale | Data
/10
Population: 688
Cost Of Living Index: 85 (18th cheapest)
Home Value To Income Ratio: 1.3 (cheapest)
Rent To Income Ratio: 0.025 (6cheapest)
More on South Division: Homes For Sale | Data
/10
Population: 705
Cost Of Living Index: 83 (8th cheapest)
Home Value To Income Ratio: 1.6 (3rd cheapest)
Rent To Income Ratio: 0.026 (69th cheapest)
More on Lake Richmond: Homes For Sale | Data
/10
Population: 8,857
Cost Of Living Index: 83 (8th cheapest)
Home Value To Income Ratio: 2.3 (15th cheapest)
Rent To Income Ratio: 0.025 (58th cheapest)
More on Rosemont: Homes For Sale | Data
/10
Population: 9,224
Cost Of Living Index: 85 (18th cheapest)
Home Value To Income Ratio: 2.4 (25th cheapest)
Rent To Income Ratio: 0.021 (40th cheapest)
More on Englewood Park: Homes For Sale | Data
/10
Population: 2,712
Cost Of Living Index: 88 (33rd cheapest)
Home Value To Income Ratio: 2.1 (12th cheapest)
Rent To Income Ratio: 0.023 (48th cheapest)
More on Wadeview Park: Homes For Sale | Data
/10
Population: 252
Cost Of Living Index: 80 (4th cheapest)
Home Value To Income Ratio: 1.4 (2nd cheapest)
Rent To Income Ratio: 0.03 (89th cheapest)
More on Pershing: Homes For Sale | Data
/10
Population: 1,011
Cost Of Living Index: 83 (8th cheapest)
Home Value To Income Ratio: 2.4 (23rd cheapest)
Rent To Income Ratio: 0.025 (65th cheapest)
More on Johnson Village: Homes For Sale | Data
Methodology: How We Determined The Cheapest Orlando Hoods In 2022
In order to rank the cheapest places to live in Orlando, 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 105 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 Orlando." We're lookin' at you, Rock Lake.
Read on below to learn more about what it's like to live in the cheapest places Orlando. 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 Orlando
If you're measuring the neighborhoods in Orlando where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Orlando aren't all cheap. Spring Lake takes the title of the most expensive neighborhood to live in Orlando.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Florida reading, check out:
- Most Dangerous Places In Florida
- Richest Cities In Florida
- Safest Places In Florida
- Worst Places To Live In Florida