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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 Riverside might be more expensive than living in rural California, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Riverside 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 Riverside are the cheapest.
The Cheapest Neighborhoods In Riverside For 2022
What's the cheapest neighborhood to live in Riverside for 2022? According to the most recent census data, Sycamore Canyon Park looks to be the cheaptest Riverside 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 Riverside. 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 Riverside that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Riverside.
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 Riverside For 2022
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Population: 244
Cost Of Living Index: 103 (cheapest)
Home Value To Income Ratio: 2.6 (cheapest)
Rent To Income Ratio: 0.011 (7th cheapest)
More on Sycamore Canyon Park: Homes For Sale | Data
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Population: 3,041
Cost Of Living Index: 117 (12th cheapest)
Home Value To Income Ratio: 3.0 (2nd cheapest)
Rent To Income Ratio: 0.009 (3rd cheapest)
More on Canyon Springs: Homes For Sale | Data
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Population: 6,845
Cost Of Living Index: 117 (12th cheapest)
Home Value To Income Ratio: 3.3 (6th cheapest)
Rent To Income Ratio: 0.01 (5th cheapest)
More on Grand: Homes For Sale | Data
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Population: 15,851
Cost Of Living Index: 112 (6th cheapest)
Home Value To Income Ratio: 3.6 (9th cheapest)
Rent To Income Ratio: 0.019 (13th cheapest)
More on Eastside: Homes For Sale | Data
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Population: 26,130
Cost Of Living Index: 115 (10th cheapest)
Home Value To Income Ratio: 3.8 (11th cheapest)
Rent To Income Ratio: 0.017 (10th cheapest)
More on Ramona: Homes For Sale | Data
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Population: 10,116
Cost Of Living Index: 137 (24th cheapest)
Home Value To Income Ratio: 3.3 (4th cheapest)
Rent To Income Ratio: 0.009 (4th cheapest)
More on Mission Grove: Homes For Sale | Data
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Population: 9,762
Cost Of Living Index: 126 (20th cheapest)
Home Value To Income Ratio: 3.5 (7th cheapest)
Rent To Income Ratio: 0.01 (6th cheapest)
More on Victoria: Homes For Sale | Data
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Population: 5,679
Cost Of Living Index: 109 (3rd cheapest)
Home Value To Income Ratio: 3.3 (3rd cheapest)
Rent To Income Ratio: 0.03 (28th cheapest)
More on Hunter Industrial Park: Homes For Sale | Data
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Population: 18,761
Cost Of Living Index: 108 (2nd cheapest)
Home Value To Income Ratio: 3.3 (5th cheapest)
Rent To Income Ratio: 0.028 (27th cheapest)
More on University: Homes For Sale | Data
/10
Population: 8,824
Cost Of Living Index: 118 (14th cheapest)
Home Value To Income Ratio: 3.7 (10th cheapest)
Rent To Income Ratio: 0.019 (14th cheapest)
More on Northside: Homes For Sale | Data
Methodology: How We Determined The Cheapest Riverside Hoods In 2022
In order to rank the cheapest places to live in Riverside, 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 28 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 Riverside." We're lookin' at you, Sycamore Canyon Park.
Read on below to learn more about what it's like to live in the cheapest places Riverside. 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 Riverside
If you're measuring the neighborhoods in Riverside where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Riverside aren't all cheap. Airport takes the title of the most expensive neighborhood to live in Riverside.
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
Detailed List Of The Cheapest Neighborhoods To Live In Riverside For 2022
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | Sycamore Canyon Park | 103 |
| 2 | Canyon Springs | 117 |
| 3 | Grand | 117 |
| 4 | Eastside | 112 |
| 5 | Ramona | 115 |
| 6 | Mission Grove | 137 |
| 7 | Victoria | 126 |
| 8 | Hunter Industrial Park | 109 |
| 9 | University | 108 |
| 10 | Northside | 118 |
| 11 | Downtown | 111 |
| 12 | La Sierra South | 122 |
| 13 | Hawarden Hills | 153 |
| 14 | Alessandro Heights | 159 |
| 15 | Wood Streets | 126 |
| 16 | Orangecrest | 139 |
| 17 | La Sierra | 115 |
| 18 | Arlington | 110 |
| 19 | La Sierra Acres | 116 |
| 20 | Casablanca | 114 |
| 21 | Arlanza | 112 |
| 22 | La Sierra Hills | 128 |
| 23 | Magnolia Center | 118 |
| 24 | Canyon Crest | 139 |
| 25 | Arlington Heights | 127 |
| 26 | Presidential Park | 120 |
| 27 | Arlington South | 127 |
| 28 | Airport | 119 |
