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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 St. Louis might be more expensive than living in rural Missouri, there are certain neighborhoods that are definitely cheaper.
So what exactly are those St. Louis 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 St. Louis are the cheapest.
The Cheapest Neighborhoods In St. Louis For 2022
What's the cheapest neighborhood to live in St. Louis for 2022? According to the most recent census data, North Point looks to be the cheaptest St. Louis 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 St. Louis. 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 St. Louis that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in St. Louis.
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 Missouri reading, check out:
- Best Places To Live In Missouri
- Cheapest Places To Live In Missouri
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In St. Louis For 2022
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Population: 4,287
Cost Of Living Index: 76 (4th cheapest)
Home Value To Income Ratio: 1.5 (3rd cheapest)
Rent To Income Ratio: 0.018 (36th cheapest)
More on North Point: Homes For Sale | Data
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Population: 214
Cost Of Living Index: 82 (26th cheapest)
Home Value To Income Ratio: 1.8 (8th cheapest)
Rent To Income Ratio: 0.013 (10th cheapest)
More on La Salle: Homes For Sale | Data
Population: 89
Cost Of Living Index: 77 (9th cheapest)
Home Value To Income Ratio: 2.7 (36th cheapest)
Rent To Income Ratio: 0.0 (cheapest)
More on Penrose Park: Homes For Sale | Data
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Population: 1,367
Cost Of Living Index: 76 (4th cheapest)
Home Value To Income Ratio: 2.0 (14th cheapest)
Rent To Income Ratio: 0.017 (33rd cheapest)
More on North Riverfront: Homes For Sale | Data
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Population: 4,886
Cost Of Living Index: 86 (40th cheapest)
Home Value To Income Ratio: 1.8 (7th cheapest)
Rent To Income Ratio: 0.015 (19th cheapest)
More on Downtown: Homes For Sale | Data
/10
Population: 4,569
Cost Of Living Index: 76 (4th cheapest)
Home Value To Income Ratio: 1.8 (6th cheapest)
Rent To Income Ratio: 0.025 (56th cheapest)
More on Mark Twain: Homes For Sale | Data
/10
Population: 5,567
Cost Of Living Index: 77 (9th cheapest)
Home Value To Income Ratio: 1.9 (9th cheapest)
Rent To Income Ratio: 0.024 (53rd cheapest)
More on Gravois Park: Homes For Sale | Data
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Population: 1,682
Cost Of Living Index: 86 (40th cheapest)
Home Value To Income Ratio: 2.1 (15th cheapest)
Rent To Income Ratio: 0.015 (18th cheapest)
More on Franz Park: Homes For Sale | Data
/10
Population: 4,219
Cost Of Living Index: 76 (4th cheapest)
Home Value To Income Ratio: 1.7 (5th cheapest)
Rent To Income Ratio: 0.034 (70th cheapest)
More on Walnut Park East: Homes For Sale | Data
/10
Population: 1,766
Cost Of Living Index: 73 (cheapest)
Home Value To Income Ratio: 0.8 (cheapest)
Rent To Income Ratio: 0.041 (79th cheapest)
More on Hyde Park: Homes For Sale | Data
Methodology: How We Determined The Cheapest St. Louis Hoods In 2022
In order to rank the cheapest places to live in St. Louis, 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 79 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 St. Louis." We're lookin' at you, North Point.
Read on below to learn more about what it's like to live in the cheapest places St. Louis. 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 St. Louis
If you're measuring the neighborhoods in St. Louis where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in St. Louis aren't all cheap. Central West End takes the title of the most expensive neighborhood to live in St. Louis.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Missouri reading, check out:
- Most Dangerous Cities in Missouri
- Richest Cities In Missouri
- Safest Places In Missouri
- Worst Places To Live In Missouri