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 Las Vegas might be more expensive than living in rural Nevada, there are certain neighborhoods that are definitely cheaper.
What exactly are those Las Vegas 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 Las Vegas are the cheapest using Saturday Night Science.
What’s the cheapest neighborhood to live in Las Vegas for 2024? According to the most recent census data, Pioneer Park looks to be the cheapest Las Vegas 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 Las Vegas. You could be sacrificing location or crime rates for more space and cheaper groceries.
Read on to see how we determined the places around Las Vegas that deserve a little bragging rights, or maybe you’re interested in the worst neighborhoods in Las Vegas.
For more Nevada reading, check out:
- Best Places To Live In Nevada
- Cheapest Places To Live In Nevada
- 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 Las Vegas For 2024
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Population: 14,970
Cost Of Living Index: 97 (13th cheapest)
Home Value To Income Ratio: 2.7 (3rd cheapest)
Rent To Income Ratio: 0.018 (5th cheapest)
More on Pioneer Park: Data | Real Estate
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Population: 38,504
Cost Of Living Index: 94 (10th cheapest)
Home Value To Income Ratio: 2.5 (2nd cheapest)
Rent To Income Ratio: 0.02 (11th cheapest)
More on Charleston Heights: Data | Real Estate
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Population: 3,994
Cost Of Living Index: 87 (5th cheapest)
Home Value To Income Ratio: 2.0 (cheapest)
Rent To Income Ratio: 0.024 (20th cheapest)
More on Umc: Data | Real Estate
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Population: 20,467
Cost Of Living Index: 113 (22nd cheapest)
Home Value To Income Ratio: 3.2 (5th cheapest)
Rent To Income Ratio: 0.017 (4th cheapest)
More on Tule Springs: Data | Real Estate
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Population: 64,968
Cost Of Living Index: 107 (18th cheapest)
Home Value To Income Ratio: 3.5 (7th cheapest)
Rent To Income Ratio: 0.018 (7th cheapest)
More on Centennial Hills: Data | Real Estate
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Population: 42,143
Cost Of Living Index: 104 (16th cheapest)
Home Value To Income Ratio: 3.5 (8th cheapest)
Rent To Income Ratio: 0.019 (9th cheapest)
More on North Cheyenne: Data | Real Estate
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Population: 57,527
Cost Of Living Index: 109 (2cheapest)
Home Value To Income Ratio: 3.4 (6th cheapest)
Rent To Income Ratio: 0.018 (6th cheapest)
More on Lone Mountain: Data | Real Estate
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Population: 23,815
Cost Of Living Index: 117 (24th cheapest)
Home Value To Income Ratio: 3.6 (9th cheapest)
Rent To Income Ratio: 0.016 (cheapest)
More on Sheep Mountain: Data | Real Estate
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Population: 15,837
Cost Of Living Index: 92 (8th cheapest)
Home Value To Income Ratio: 3.9 (14th cheapest)
Rent To Income Ratio: 0.02 (12th cheapest)
More on Huntridge: Data | Real Estate
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Population: 13,653
Cost Of Living Index: 99 (15th cheapest)
Home Value To Income Ratio: 2.9 (4th cheapest)
Rent To Income Ratio: 0.021 (16th cheapest)
More on Angel Park Lindell: Data | Real Estate
Methodology: How We Determined The Cheapest Las Vegas Hoods In 2024
To rank the cheapest places to live in Las Vegas, 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 26 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 Las Vegas.” We’re lookin’ at you, Pioneer Park.
We updated this article for 2024. This is our fourth time ranking the cheapest neighborhoods to live in Las Vegas. 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 Las Vegas
If you’re measuring the neighborhoods in Las Vegas where prices are low, and it’s cheap to live, this is an accurate list.
The most affordable neighborhoods in Las Vegas are Pioneer Park, Charleston Heights, Umc, Tule Springs, Centennial Hills, North Cheyenne, Lone Mountain, Sheep Mountain, Huntridge, and Angel Park Lindell.
As mentioned earlier, the neighborhoods in Las Vegas aren’t all cheap. Buffalo takes the title of the most expensive neighborhood to live in Las Vegas.
The most expensive neighborhoods in Las Vegas are Buffalo, The Lakes, Downtown, Sun City Summerlin, and Cultural Corridor.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Nevada reading, check out:
- 5 Most Dangerous Cities In Nevada
- Richest Cities In Nevada
- Safest Places In Nevada
- Worst Places To Live In Nevada
Detailed List Of The Cheapest Neighborhoods To Live In Las Vegas For 2024
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | Pioneer Park | 97 |
| 2 | Charleston Heights | 94 |
| 3 | Umc | 87 |
| 4 | Tule Springs | 113 |
| 5 | Centennial Hills | 107 |
| 6 | North Cheyenne | 104 |
| 7 | Lone Mountain | 109 |
| 8 | Sheep Mountain | 117 |
| 9 | Huntridge | 92 |
| 10 | Angel Park Lindell | 99 |
| 11 | Twin Lakes | 95 |
| 12 | Kyle Canyon | 108 |
| 13 | East Las Vegas | 86 |
| 14 | Summerlin North | 122 |
| 15 | Rancho Charleston | 98 |
| 16 | Downtown East | 84 |
| 17 | Michael Way | 94 |
| 18 | Sunrise | 89 |
| 19 | Meadows Village | 92 |
| 20 | West Las Vegas | 89 |
| 21 | Desert Shores | 106 |
| 22 | Cultural Corridor | 84 |
| 23 | Sun City Summerlin | 108 |
| 24 | Downtown | 84 |
| 25 | The Lakes | 117 |
| 26 | Buffalo | 113 |