The 10 Cheapest Charlotte, NC Neighborhoods To Live In For 2024


The cheapest Charlotte neighborhoods are Wildwood and Westerly Hills for 2024 based on Saturday Night Science.

By: Chris Kolmar | About HomeSnacks
Last Updated: January 27, 2024
Worst Neighborhoods In Charlotte
Source: Wikipedia User Greengrass090 | CC BY-SA 3.0

Everything else equal, 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 Charlotte might be more expensive than living in rural North Carolina, there are certain neighborhoods that are definitely cheaper.

What exactly are those Charlotte 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 determine which neighborhoods in Charlotte are the cheapest using Saturday Night Science.

The Cheapest Neighborhoods In Charlotte For 2024

  1. Wildwood
  2. Westerly Hills
  3. Mineral Springs-Rumble Road
  4. Enderly Park
  5. Park Crossing
  6. Yorkmount
  7. Newell South
  8. Colonial Village
  9. Marshbrooke
  10. Stonehaven

What’s the cheapest neighborhood to live in Charlotte for 2024? According to the most recent census data, Wildwood looks to be the cheapest Charlotte 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 Charlotte. You could be sacrificing location or crime rates for more space and cheaper groceries.

Read on to see how we determined the places around Charlotte that deserve a little bragging rights, or maybe you’re interested in the worst neighborhoods in Charlotte.

For more North Carolina reading, check out:

Table Of Contents: Top Ten | Methodology | Summary | Table

The 10 Cheapest Neighborhoods To Live In Charlotte For 2024

1. Wildwood

Overall SnackAbility

3
/10

Population: 1,392
Cost Of Living Index: 92 (54th cheapest)
Home Value To Income Ratio: 2.2 (6th cheapest)
Rent To Income Ratio: 0.014 (25th cheapest)
More on Wildwood: Data | Real Estate

2. Westerly Hills

Overall SnackAbility

2
/10

Population: 2,476
Cost Of Living Index: 86 (14th cheapest)
Home Value To Income Ratio: 2.0 (2nd cheapest)
Rent To Income Ratio: 0.021 (84th cheapest)
More on Westerly Hills: Data | Real Estate

3. Mineral Springs-Rumble Road

Overall SnackAbility

8
/10

Population: 10,231
Cost Of Living Index: 88 (28th cheapest)
Home Value To Income Ratio: 2.1 (3rd cheapest)
Rent To Income Ratio: 0.019 (7cheapest)
More on Mineral Springs-Rumble Road: Data | Real Estate

4. Enderly Park

Overall SnackAbility

3
/10

Population: 3,159
Cost Of Living Index: 85 (8th cheapest)
Home Value To Income Ratio: 1.9 (cheapest)
Rent To Income Ratio: 0.022 (96th cheapest)
More on Enderly Park: Data | Real Estate

5. Park Crossing

Overall SnackAbility

8.5
/10

Population: 1,733
Cost Of Living Index: 104 (98th cheapest)
Home Value To Income Ratio: 2.1 (4th cheapest)
Rent To Income Ratio: 0.009 (7th cheapest)
More on Park Crossing: Data | Real Estate

6. Yorkmount

Overall SnackAbility

4
/10

Population: 11,475
Cost Of Living Index: 86 (14th cheapest)
Home Value To Income Ratio: 2.2 (7th cheapest)
Rent To Income Ratio: 0.022 (92nd cheapest)
More on Yorkmount: Data | Real Estate

7. Newell South

Overall SnackAbility

7
/10

Population: 4,117
Cost Of Living Index: 92 (54th cheapest)
Home Value To Income Ratio: 2.3 (11th cheapest)
Rent To Income Ratio: 0.017 (53rd cheapest)
More on Newell South: Data | Real Estate

8. Colonial Village

Overall SnackAbility

8.5
/10

Population: 1,343
Cost Of Living Index: 105 (10cheapest)
Home Value To Income Ratio: 2.6 (25th cheapest)
Rent To Income Ratio: 0.006 (cheapest)
More on Colonial Village: Data | Real Estate

9. Marshbrooke

Overall SnackAbility

8
/10

Population: 10,313
Cost Of Living Index: 94 (68th cheapest)
Home Value To Income Ratio: 2.2 (8th cheapest)
Rent To Income Ratio: 0.018 (55th cheapest)
More on Marshbrooke: Data | Real Estate

10. Stonehaven

Overall SnackAbility

8.5
/10

Population: 5,647
Cost Of Living Index: 106 (103rd cheapest)
Home Value To Income Ratio: 2.4 (15th cheapest)
Rent To Income Ratio: 0.011 (14th cheapest)
More on Stonehaven: Data | Real Estate

Methodology: How We Determined The Cheapest Charlotte Hoods In 2024

To rank the cheapest places to live in Charlotte, we had to determine what criteria define “cheap” and then apply Saturday Night Science.

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 148 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 Charlotte.” We’re lookin’ at you, Wildwood.

We updated this article for 2024. This is our fourth time ranking the cheapest neighborhoods to live in Charlotte. 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 Charlotte

If you’re measuring the neighborhoods in Charlotte where prices are low, and it’s cheap to live, this is an accurate list.

The most affordable neighborhoods in Charlotte are Wildwood, Westerly Hills, Mineral Springs-Rumble Road, Enderly Park, Park Crossing, Yorkmount, Newell South, Colonial Village, Marshbrooke, and Stonehaven.

As mentioned earlier, the neighborhoods in Charlotte aren’t all cheap. Seven Eagles takes the title of the most expensive neighborhood to live in Charlotte.

The most expensive neighborhoods in Charlotte are Seven Eagles, Optimist Park, Touchstone Village-Elm Lane, Lockwood, and Providence Park.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more North Carolina reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Charlotte For 2024

Rank Neighborhood Cost Of Living Index
1 Wildwood 92
2 Westerly Hills 86
3 Mineral Springs-Rumble Road 88
4 Enderly Park 85
5 Park Crossing 104
6 Yorkmount 86
7 Newell South 92
8 Colonial Village 105
9 Marshbrooke 94
10 Stonehaven 106
11 Griers Fork 98
12 Plaza-Eastway 88
13 Providence Crossing 119
14 Thomasboro-Hoskins 86
15 Johnston Rd-Mcalpine 96
16 North Sharon Amity-Reddman Roa 90
17 Jt Williams 88
18 Henderson Circle 97
19 Jackson Homes 86
20 Capitol Drive 86
21 East Forest 86
22 Starmount 103
23 Hickory Grove 95
24 Yorkshire 100
25 Smallwood 84
26 Davis Lake-Eastfield 103
27 Pinecrest 87
28 Marlwood 91
29 Nevin Community 92
30 Arbor Glen 87
31 Westover Hills 89
32 Toddville Road 92
33 Lakewood 87
34 Coulwood West 95
35 Sardis Forest 107
36 Back Creek Church Road 95
37 Derita-Statesville 92
38 Druid Hills North 88
39 Wilson Heights 92
40 Starmount Forest 84
41 Echo Hills 94
42 Slater Rd-Hamilton Circle 92
43 West Sugar Creek 96
44 Providence Plantation 122
45 Idlewild South 92
46 Oakdale South 96
47 Sardis Woods 104
48 Washington Heights 87
49 Prosperity Church Road 98
50 Genesis Park 88
51 Olde Whitehall 98
52 Villa Heights 92
53 Reid Park 88
54 Governor’s Square 123
55 Eagle Lake 86
56 Farm Pond 89
57 Mountainbrook 135
58 Olde Providence North 131
59 Montclaire South 89
60 Becton Park 94
61 Highland Creek 107
62 Oak Forest 84
63 Belmont 91
64 Eastway-Sheffield Park 95
65 Harbor House 101
66 Ponderosa-Wingate 88
67 Coulwood East 93
68 Harris-Houston 93
69 University Park 89
70 Beverly Woods 133
71 Firestone-Garden Park 89
72 Quail Hollow 113
73 Fourth Ward 105
74 Hidden Valley 86
75 Pawtuckett 92
76 Plaza Hills 108
77 Third Ward 109
78 Rockwell Park-Hemphill Heights 95
79 Hembstead 140
80 Chantilly 121
81 Provincetowne 113
82 Ashley Park 89
83 Lincoln Heights 87
84 Oxford Hunt 121
85 Piper Glen Estates 125
86 Oakhurst 93
87 Commonwealth 112
88 Windsor Park 91
89 Downtown Sharlotte 110
90 Olde Providence South 126
91 Double Oaks 95
92 First Ward 96
93 Cotswold 119
94 Ballantyne West 114
95 Sterling 97
96 Hickory Ridge 94
97 Foxcroft 158
98 Clanton Park-Roseland 82
99 Sherwood Forest 124
100 Grier Heights 90
101 West Blvd 91
102 Shannon Park 91
103 Beatties Ford-Trinity 92
104 Hwy 51-Park Road 96
105 Sharon Woods 110
106 Westchester 90
107 Dilworth 139
108 Todd Park 85
109 Rain Tree 108
110 Ballantyne East 131
111 Plaza Midwood 121
112 North Charlotte 103
113 Country Club Heights 105
114 Idlewild Farms 94
115 Eastland-Wilora Lake 92
116 Madison Park 103
117 Myers Park 170
118 Sugaw Creek-Ritch Ave 89
119 Oakview Terrace 91
120 Southside Park 76
121 Eastover 190
122 Freedom Park 134
123 Plaza-Shamrock 94
124 Ashbrook-Clawson Village 110
125 Wesley Heights 110
126 Briarcreek-Woodland 93
127 Closeburn-Glenkirk 99
128 Druid Hills South 84
129 University City South 80
130 Biddleville 90
131 Tryon Hills 87
132 Lansdowne 132
133 Wessex Square 166
134 Collingwood 101
135 Barclay Downs 143
136 Whiteoak 113
137 University City North 88
138 Elizabeth 129
139 Wilmore 112
140 Sedgefield 113
141 Cherry 109
142 Carmel 130
143 Wendover-Sedgewood 160
144 Providence Park 102
145 Lockwood 94
146 Touchstone Village-Elm Lane 111
147 Optimist Park 101
148 Seven Eagles 154
About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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