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 Fort Lauderdale might be more expensive than living in rural Florida, there are certain neighborhoods that are definitely cheaper.
What exactly are those Fort Lauderdale 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 Fort Lauderdale are the cheapest using Saturday Night Science.
What’s the cheapest neighborhood to live in Fort Lauderdale for 2024? According to the most recent census data, Palm-Aire Village looks to be the cheapest Fort Lauderdale 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 Fort Lauderdale. You could be sacrificing location or crime rates for more space and cheaper groceries.
Read on to see how we determined the places around Fort Lauderdale that deserve a little bragging rights, or maybe you’re interested in the worst neighborhoods in Fort Lauderdale.
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Table Of Contents: Top Ten | Methodology | Summary | Table
The 10 Cheapest Neighborhoods To Live In Fort Lauderdale For 2024
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Population: 327
Cost Of Living Index: 99 (8th cheapest)
Home Value To Income Ratio: 1.5 (cheapest)
Rent To Income Ratio: 0.0 (cheapest)
More on Palm-Aire Village: Data | Real Estate
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Population: 3,590
Cost Of Living Index: 98 (6th cheapest)
Home Value To Income Ratio: 3.1 (2nd cheapest)
Rent To Income Ratio: 0.016 (14th cheapest)
More on Sunset: Data | Real Estate
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Population: 1,162
Cost Of Living Index: 92 (2nd cheapest)
Home Value To Income Ratio: 3.2 (6th cheapest)
Rent To Income Ratio: 0.017 (20th cheapest)
More on Lauderdale West: Data | Real Estate
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Population: 4,435
Cost Of Living Index: 101 (9th cheapest)
Home Value To Income Ratio: 3.6 (9th cheapest)
Rent To Income Ratio: 0.016 (15th cheapest)
More on Melrose Manors: Data | Real Estate
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Population: 920
Cost Of Living Index: 117 (26th cheapest)
Home Value To Income Ratio: 3.2 (5th cheapest)
Rent To Income Ratio: 0.01 (2nd cheapest)
More on River Run: Data | Real Estate
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Population: 1,000
Cost Of Living Index: 108 (18th cheapest)
Home Value To Income Ratio: 3.9 (15th cheapest)
Rent To Income Ratio: 0.013 (5th cheapest)
More on Flamingo Park: Data | Real Estate
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Population: 3,574
Cost Of Living Index: 108 (18th cheapest)
Home Value To Income Ratio: 3.2 (4th cheapest)
Rent To Income Ratio: 0.018 (25th cheapest)
More on Edgewood: Data | Real Estate
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Population: 2,047
Cost Of Living Index: 109 (20th cheapest)
Home Value To Income Ratio: 3.5 (8th cheapest)
Rent To Income Ratio: 0.018 (2cheapest)
More on Croissant Park: Data | Real Estate
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Population: 1,028
Cost Of Living Index: 106 (14th cheapest)
Home Value To Income Ratio: 3.4 (7th cheapest)
Rent To Income Ratio: 0.02 (36th cheapest)
More on Bermuda Riviera: Data | Real Estate
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Population: 469
Cost Of Living Index: 121 (33rd cheapest)
Home Value To Income Ratio: 3.7 (12th cheapest)
Rent To Income Ratio: 0.016 (16th cheapest)
More on Lauderdale Beach: Data | Real Estate
Methodology: How We Determined The Cheapest Fort Lauderdale Hoods In 2024
To rank the cheapest places to live in Fort Lauderdale, 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 62 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 Fort Lauderdale.” We’re lookin’ at you, Palm-Aire Village.
We updated this article for 2024. This is our fourth time ranking the cheapest neighborhoods to live in Fort Lauderdale. 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 Fort Lauderdale
If you’re measuring the neighborhoods in Fort Lauderdale where prices are low, and it’s cheap to live, this is an accurate list.
The most affordable neighborhoods in Fort Lauderdale are Palm-Aire Village, Sunset, Lauderdale West, Melrose Manors, River Run, Flamingo Park, Edgewood, Croissant Park, Bermuda Riviera, and Lauderdale Beach.
As mentioned earlier, the neighborhoods in Fort Lauderdale aren’t all cheap. Sunrise Key takes the title of the most expensive neighborhood to live in Fort Lauderdale.
The most expensive neighborhoods in Fort Lauderdale are Sunrise Key, Hendricks And Venice Isles, Navarrea Isle, Lauderdale Harbours, and Birch Park.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
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