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 Cleveland might be more expensive than living in rural Ohio, there are certain neighborhoods that are definitely cheaper.
What exactly are those Cleveland 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 Cleveland are the cheapest using Saturday Night Science.
What’s the cheapest neighborhood to live in Cleveland for 2024? According to the most recent census data, Indurstrial Valley looks to be the cheapest Cleveland 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 Cleveland. You could be sacrificing location or crime rates for more space and cheaper groceries.
Read on to see how we determined the places around Cleveland that deserve a little bragging rights, or maybe you’re interested in the worst neighborhoods in Cleveland.
For more Ohio reading, check out:
- Best Places To Live In Ohio
- Cheapest Places To Live In Ohio
- Cheapest Cities To Live In America
- Cheapest States To Live In America
Table Of Contents: Top Ten | Methodology | Summary | Table
The 10 Cheapest Neighborhoods To Live In Cleveland For 2024
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Population: 1,068
Cost Of Living Index: 72 (cheapest)
Home Value To Income Ratio: 0.4 (cheapest)
Rent To Income Ratio: 0.009 (cheapest)
More on Indurstrial Valley: Data | Real Estate
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Population: 4,883
Cost Of Living Index: 78 (5th cheapest)
Home Value To Income Ratio: 1.6 (5th cheapest)
Rent To Income Ratio: 0.021 (11th cheapest)
More on North Broadway: Data | Real Estate
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Population: 8,776
Cost Of Living Index: 79 (8th cheapest)
Home Value To Income Ratio: 1.3 (3rd cheapest)
Rent To Income Ratio: 0.023 (18th cheapest)
More on Union Miles Park: Data | Real Estate
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Population: 1,289
Cost Of Living Index: 85 (30th cheapest)
Home Value To Income Ratio: 1.2 (2nd cheapest)
Rent To Income Ratio: 0.014 (3rd cheapest)
More on Riverside: Data | Real Estate
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Population: 13,588
Cost Of Living Index: 81 (14th cheapest)
Home Value To Income Ratio: 1.5 (4th cheapest)
Rent To Income Ratio: 0.022 (17th cheapest)
More on South Broadway: Data | Real Estate
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Population: 3,969
Cost Of Living Index: 80 (10th cheapest)
Home Value To Income Ratio: 1.6 (6th cheapest)
Rent To Income Ratio: 0.025 (23rd cheapest)
More on Goodrich-Kirkland: Data | Real Estate
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Population: 5,485
Cost Of Living Index: 80 (10th cheapest)
Home Value To Income Ratio: 1.6 (9th cheapest)
Rent To Income Ratio: 0.025 (22nd cheapest)
More on Stockyards: Data | Real Estate
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Population: 13,436
Cost Of Living Index: 80 (10th cheapest)
Home Value To Income Ratio: 1.6 (8th cheapest)
Rent To Income Ratio: 0.026 (25th cheapest)
More on Glenville: Data | Real Estate
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Population: 18,226
Cost Of Living Index: 83 (24th cheapest)
Home Value To Income Ratio: 1.7 (13th cheapest)
Rent To Income Ratio: 0.02 (6th cheapest)
More on Jefferson: Data | Real Estate
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Population: 14,229
Cost Of Living Index: 81 (14th cheapest)
Home Value To Income Ratio: 1.7 (11th cheapest)
Rent To Income Ratio: 0.025 (2cheapest)
More on Mt Pleasant: Data | Real Estate
Methodology: How We Determined The Cheapest Cleveland Hoods In 2024
To rank the cheapest places to live in Cleveland, 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 36 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 Cleveland.” We’re lookin’ at you, Indurstrial Valley.
We updated this article for 2024. This is our fourth time ranking the cheapest neighborhoods to live in Cleveland. 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 Cleveland
If you’re measuring the neighborhoods in Cleveland where prices are low, and it’s cheap to live, this is an accurate list.
The most affordable neighborhoods in Cleveland are Indurstrial Valley, North Broadway, Union Miles Park, Riverside, South Broadway, Goodrich-Kirkland, Stockyards, Glenville, Jefferson, and Mt Pleasant.
As mentioned earlier, the neighborhoods in Cleveland aren’t all cheap. University District takes the title of the most expensive neighborhood to live in Cleveland.
The most expensive neighborhoods in Cleveland are University District, Cudell, Downtown, Ohio City-West Side, and Central.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Ohio reading, check out:
- Most Dangerous Cities In Ohio
- Richest Cities In Ohio
- Safest Places In Ohio
- Worst Places To Live In Ohio
Detailed List Of The Cheapest Neighborhoods To Live In Cleveland For 2024
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | Indurstrial Valley | 72 |
| 2 | North Broadway | 78 |
| 3 | Union Miles Park | 79 |
| 4 | Riverside | 85 |
| 5 | South Broadway | 81 |
| 6 | Goodrich-Kirkland | 80 |
| 7 | Stockyards | 80 |
| 8 | Glenville | 80 |
| 9 | Jefferson | 83 |
| 10 | Mt Pleasant | 81 |
| 11 | Lee Miles | 84 |
| 12 | North Collinwood | 82 |
| 13 | Puritas Longmead | 83 |
| 14 | Corlett | 81 |
| 15 | Clark Fulton | 82 |
| 16 | Kamm’s Corner | 89 |
| 17 | Old Brooklyn | 85 |
| 18 | Forest Hills | 81 |
| 19 | Saint Claire-Superior | 79 |
| 20 | Euclid Green | 81 |
| 21 | Fairfax | 78 |
| 22 | Woodland Hills | 77 |
| 23 | West Boulevard | 83 |
| 24 | Edgewater | 85 |
| 25 | Buckeye Shaker | 83 |
| 26 | Hough | 82 |
| 27 | Kinsmith | 78 |
| 28 | Brooklyn Center | 82 |
| 29 | Detroit Shoreway | 84 |
| 30 | South Collinwood | 81 |
| 31 | Tremont | 89 |
| 32 | Central | 77 |
| 33 | Ohio City-West Side | 89 |
| 34 | Downtown | 87 |
| 35 | Cudell | 82 |
| 36 | University District | 91 |