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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 Philadelphia might be more expensive than living in rural Pennsylvania, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Philadelphia 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 Philadelphia are the cheapest.
The Cheapest Neighborhoods In Philadelphia For 2022
What's the cheapest neighborhood to live in Philadelphia for 2022? According to the most recent census data, Marconi Plaza-Packer Park looks to be the cheaptest Philadelphia 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 Philadelphia. 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 Philadelphia that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Philadelphia.
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 Pennsylvania reading, check out:
- Best Places To Live In Pennsylvania
- Cheapest Places To Live In Pennsylvania
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Philadelphia For 2022
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Population: 5,804
Cost Of Living Index: 94 (11th cheapest)
Home Value To Income Ratio: 1.5 (cheapest)
Rent To Income Ratio: 0.006 (cheapest)
More on Marconi Plaza-Packer Park: Homes For Sale | Data
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Population: 10,284
Cost Of Living Index: 94 (11th cheapest)
Home Value To Income Ratio: 2.7 (15th cheapest)
Rent To Income Ratio: 0.015 (14th cheapest)
More on Eastwick: Homes For Sale | Data
/10
Population: 27,190
Cost Of Living Index: 96 (20th cheapest)
Home Value To Income Ratio: 2.4 (9th cheapest)
Rent To Income Ratio: 0.016 (17th cheapest)
More on Wissanoning: Homes For Sale | Data
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Population: 43,954
Cost Of Living Index: 96 (20th cheapest)
Home Value To Income Ratio: 2.2 (4th cheapest)
Rent To Income Ratio: 0.018 (25th cheapest)
More on Richmond: Homes For Sale | Data
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Population: 35,068
Cost Of Living Index: 92 (7th cheapest)
Home Value To Income Ratio: 2.4 (7th cheapest)
Rent To Income Ratio: 0.023 (39th cheapest)
More on Haddington-Carroll Park: Homes For Sale | Data
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Population: 42,412
Cost Of Living Index: 99 (24th cheapest)
Home Value To Income Ratio: 3.2 (23rd cheapest)
Rent To Income Ratio: 0.012 (6th cheapest)
More on Oak Lane: Homes For Sale | Data
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Population: 26,860
Cost Of Living Index: 95 (16th cheapest)
Home Value To Income Ratio: 2.8 (16th cheapest)
Rent To Income Ratio: 0.017 (22nd cheapest)
More on Morris Park: Homes For Sale | Data
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Population: 17,382
Cost Of Living Index: 89 (2nd cheapest)
Home Value To Income Ratio: 2.3 (6th cheapest)
Rent To Income Ratio: 0.028 (48th cheapest)
More on Tioga-Nicetown: Homes For Sale | Data
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Population: 18,676
Cost Of Living Index: 91 (4th cheapest)
Home Value To Income Ratio: 1.9 (2nd cheapest)
Rent To Income Ratio: 0.031 (50th cheapest)
More on Alleghany West: Homes For Sale | Data
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Population: 24,891
Cost Of Living Index: 95 (16th cheapest)
Home Value To Income Ratio: 2.5 (11th cheapest)
Rent To Income Ratio: 0.02 (32nd cheapest)
More on Elmwood: Homes For Sale | Data
Methodology: How We Determined The Cheapest Philadelphia Hoods In 2022
In order to rank the cheapest places to live in Philadelphia, 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 56 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 Philadelphia." We're lookin' at you, Marconi Plaza-Packer Park.
Read on below to learn more about what it's like to live in the cheapest places Philadelphia. 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 Philadelphia
If you're measuring the neighborhoods in Philadelphia where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Philadelphia aren't all cheap. City Center West takes the title of the most expensive neighborhood to live in Philadelphia.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Pennsylvania reading, check out:
- Most Dangerous Cities In Pennsylvania
- Richest Cities In Pennsylvania
- Safest Places In Pennsylvania
- Worst Places To Live In Pennsylvania