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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 Tempe might be more expensive than living in rural Arizona, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Tempe 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 Tempe are the cheapest.
The Cheapest Neighborhoods In Tempe For 2022
What's the cheapest neighborhood to live in Tempe for 2022? According to the most recent census data, Mcclintock looks to be the cheaptest Tempe 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 Tempe. 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 Tempe that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Tempe.
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 Arizona reading, check out:
- Best Places To Live In Arizona
- Cheapest Places To Live In Arizona
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Tempe For 2022
Population: 1,112
Cost Of Living Index: 99 (14th cheapest)
Home Value To Income Ratio: 2.6 (5th cheapest)
Rent To Income Ratio: 0.0 (4th cheapest)
More on Mcclintock: Homes For Sale | Data
Population: 779
Cost Of Living Index: 102 (20th cheapest)
Home Value To Income Ratio: 2.4 (4th cheapest)
Rent To Income Ratio: 0.0 (4th cheapest)
More on Tempe Gardens: Homes For Sale | Data
Population: 338
Cost Of Living Index: 103 (26th cheapest)
Home Value To Income Ratio: 2.1 (2nd cheapest)
Rent To Income Ratio: 0.0 (4th cheapest)
More on Superstition: Homes For Sale | Data
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Population: 1,124
Cost Of Living Index: 100 (16th cheapest)
Home Value To Income Ratio: 2.2 (3rd cheapest)
Rent To Income Ratio: 0.014 (14th cheapest)
More on Dava-Lakeshore: Homes For Sale | Data
/10
Population: 284
Cost Of Living Index: 87 (cheapest)
Home Value To Income Ratio: 2.0 (cheapest)
Rent To Income Ratio: 0.024 (42nd cheapest)
More on Knoell Gardens: Homes For Sale | Data
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Population: 1,456
Cost Of Living Index: 96 (8th cheapest)
Home Value To Income Ratio: 2.7 (7th cheapest)
Rent To Income Ratio: 0.021 (30th cheapest)
More on Kyrene-Superstition: Homes For Sale | Data
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Population: 5,619
Cost Of Living Index: 96 (8th cheapest)
Home Value To Income Ratio: 2.6 (6th cheapest)
Rent To Income Ratio: 0.021 (35th cheapest)
More on Baseline-Hardy: Homes For Sale | Data
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Population: 4,260
Cost Of Living Index: 95 (5th cheapest)
Home Value To Income Ratio: 3.0 (13th cheapest)
Rent To Income Ratio: 0.021 (34th cheapest)
More on Wood Park: Homes For Sale | Data
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Population: 1,972
Cost Of Living Index: 96 (8th cheapest)
Home Value To Income Ratio: 3.4 (27th cheapest)
Rent To Income Ratio: 0.018 (2cheapest)
More on Cyprus Southwest: Homes For Sale | Data
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Population: 2,884
Cost Of Living Index: 94 (4th cheapest)
Home Value To Income Ratio: 3.7 (33rd cheapest)
Rent To Income Ratio: 0.018 (22nd cheapest)
More on Ntna-College: Homes For Sale | Data
Methodology: How We Determined The Cheapest Tempe Hoods In 2022
In order to rank the cheapest places to live in Tempe, 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 58 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 Tempe." We're lookin' at you, Mcclintock.
Read on below to learn more about what it's like to live in the cheapest places Tempe. 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 Tempe
If you're measuring the neighborhoods in Tempe where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Tempe aren't all cheap. University Park takes the title of the most expensive neighborhood to live in Tempe.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Arizona reading, check out:
- Most Dangerous Cities In Arizona
- Richest Cities In Arizona
- Safest Places In Arizona
- Worst Places To Live In Arizona