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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 Vancouver might be more expensive than living in rural Washington, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Vancouver 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 Vancouver are the cheapest.
The Cheapest Neighborhoods In Vancouver For 2022
What's the cheapest neighborhood to live in Vancouver for 2022? According to the most recent census data, Cascade Highlands looks to be the cheaptest Vancouver 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 Vancouver. 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 Vancouver that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Vancouver.
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 Washington reading, check out:
- Best Places To Live In Washington
- Cheapest Places To Live In Washington
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Vancouver For 2022
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Population: 3,446
Cost Of Living Index: 103 (2nd cheapest)
Home Value To Income Ratio: 2.2 (cheapest)
Rent To Income Ratio: 0.004 (2nd cheapest)
More on Cascade Highlands: Homes For Sale | Data
/10
Population: 1,735
Cost Of Living Index: 97 (cheapest)
Home Value To Income Ratio: 2.4 (2nd cheapest)
Rent To Income Ratio: 0.018 (27th cheapest)
More on Fruit Valley: Homes For Sale | Data
/10
Population: 2,069
Cost Of Living Index: 111 (13th cheapest)
Home Value To Income Ratio: 3.2 (11th cheapest)
Rent To Income Ratio: 0.019 (30th cheapest)
More on Kevanna Park: Homes For Sale | Data
/10
Population: 489
Cost Of Living Index: 116 (33rd cheapest)
Home Value To Income Ratio: 3.2 (10th cheapest)
Rent To Income Ratio: 0.015 (13th cheapest)
More on Northwood: Homes For Sale | Data
/10
Population: 1,092
Cost Of Living Index: 119 (42nd cheapest)
Home Value To Income Ratio: 3.4 (15th cheapest)
Rent To Income Ratio: 0.008 (5th cheapest)
More on Father Blanchet Park: Homes For Sale | Data
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Population: 3,556
Cost Of Living Index: 115 (27th cheapest)
Home Value To Income Ratio: 3.6 (24th cheapest)
Rent To Income Ratio: 0.012 (11th cheapest)
More on Lincoln: Homes For Sale | Data
Population: 845
Cost Of Living Index: 133 (58th cheapest)
Home Value To Income Ratio: 2.8 (4th cheapest)
Rent To Income Ratio: 0.0 (cheapest)
More on Cascade Southeast: Homes For Sale | Data
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Population: 2,879
Cost Of Living Index: 114 (22nd cheapest)
Home Value To Income Ratio: 3.3 (14th cheapest)
Rent To Income Ratio: 0.018 (28th cheapest)
More on Marrion: Homes For Sale | Data
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Population: 1,873
Cost Of Living Index: 119 (42nd cheapest)
Home Value To Income Ratio: 2.7 (3rd cheapest)
Rent To Income Ratio: 0.016 (19th cheapest)
More on Parkway East: Homes For Sale | Data
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Population: 2,065
Cost Of Living Index: 118 (40th cheapest)
Home Value To Income Ratio: 3.5 (19th cheapest)
Rent To Income Ratio: 0.009 (7th cheapest)
More on Bella Vista: Homes For Sale | Data
Methodology: How We Determined The Cheapest Vancouver Hoods In 2022
In order to rank the cheapest places to live in Vancouver, 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 61 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 Vancouver." We're lookin' at you, Cascade Highlands.
Read on below to learn more about what it's like to live in the cheapest places Vancouver. 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 Vancouver
If you're measuring the neighborhoods in Vancouver where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Vancouver aren't all cheap. Fairway 164Th takes the title of the most expensive neighborhood to live in Vancouver.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Washington reading, check out:
- Most Dangerous Cities In Washington
- Richest Cities In Washington
- Safest Places In Washington
- Worst Places To Live In Washington
