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 Springfield might be more expensive than living in rural Massachusetts, there are certain neighborhoods that are definitely cheaper.
What exactly are those Springfield 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 Springfield are the cheapest using Saturday Night Science.
What’s the cheapest neighborhood to live in Springfield for 2024? According to the most recent census data, Pine Point looks to be the cheapest Springfield 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 Springfield. You could be sacrificing location or crime rates for more space and cheaper groceries.
Read on to see how we determined the places around Springfield that deserve a little bragging rights, or maybe you’re interested in the worst neighborhoods in Springfield.
For more Massachusetts reading, check out:
- Best Places To Live In Massachusetts
- Cheapest Places To Live In Massachusetts
- 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 Springfield For 2024
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Population: 11,260
Cost Of Living Index: 100 (8th cheapest)
Home Value To Income Ratio: 3.2 (5th cheapest)
Rent To Income Ratio: 0.018 (2nd cheapest)
More on Pine Point: Data | Real Estate
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Population: 4,589
Cost Of Living Index: 103 (14th cheapest)
Home Value To Income Ratio: 2.4 (cheapest)
Rent To Income Ratio: 0.018 (cheapest)
More on Boston Road: Data | Real Estate
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Population: 21,955
Cost Of Living Index: 103 (14th cheapest)
Home Value To Income Ratio: 2.6 (3rd cheapest)
Rent To Income Ratio: 0.018 (3rd cheapest)
More on Sixteen Acres: Data | Real Estate
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Population: 9,517
Cost Of Living Index: 100 (8th cheapest)
Home Value To Income Ratio: 3.4 (7th cheapest)
Rent To Income Ratio: 0.022 (6th cheapest)
More on Indian Orchard: Data | Real Estate
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Population: 7,591
Cost Of Living Index: 102 (12th cheapest)
Home Value To Income Ratio: 3.2 (6th cheapest)
Rent To Income Ratio: 0.022 (5th cheapest)
More on East Springfield: Data | Real Estate
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Population: 10,164
Cost Of Living Index: 103 (14th cheapest)
Home Value To Income Ratio: 2.5 (2nd cheapest)
Rent To Income Ratio: 0.023 (8th cheapest)
More on East Forest Park: Data | Real Estate
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Population: 15,017
Cost Of Living Index: 104 (17th cheapest)
Home Value To Income Ratio: 3.0 (4th cheapest)
Rent To Income Ratio: 0.021 (4th cheapest)
More on Liberty Heights: Data | Real Estate
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Population: 4,481
Cost Of Living Index: 95 (4th cheapest)
Home Value To Income Ratio: 5.6 (12th cheapest)
Rent To Income Ratio: 0.032 (13th cheapest)
More on Memorial Square: Data | Real Estate
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Population: 4,051
Cost Of Living Index: 89 (cheapest)
Home Value To Income Ratio: 7.5 (16th cheapest)
Rent To Income Ratio: 0.03 (12th cheapest)
More on South End: Data | Real Estate
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Population: 6,706
Cost Of Living Index: 94 (2nd cheapest)
Home Value To Income Ratio: 5.5 (11th cheapest)
Rent To Income Ratio: 0.035 (16th cheapest)
More on Metro Center: Data | Real Estate
Methodology: How We Determined The Cheapest Springfield Hoods In 2024
To rank the cheapest places to live in Springfield, 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 17 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 Springfield.” We’re lookin’ at you, Pine Point.
We updated this article for 2024. This is our fourth time ranking the cheapest neighborhoods to live in Springfield. 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 Springfield
If you’re measuring the neighborhoods in Springfield where prices are low, and it’s cheap to live, this is an accurate list.
The most affordable neighborhoods in Springfield are Pine Point, Boston Road, Sixteen Acres, Indian Orchard, East Springfield, East Forest Park, Liberty Heights, Memorial Square, South End, and Metro Center.
As mentioned earlier, the neighborhoods in Springfield aren’t all cheap. Old Hill takes the title of the most expensive neighborhood to live in Springfield.
The most expensive neighborhoods in Springfield are Old Hill, Maple High-Six Corners, Bay, Upper Hill, and McKnight.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Massachusetts reading, check out:
- Most Dangerous Cities In Massachusetts
- Richest Cities In Massachusetts
- Safest Places In Massachusetts
- Worst Places To Live In Massachusetts
Detailed List Of The Cheapest Neighborhoods To Live In Springfield For 2024
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | Pine Point | 100 |
| 2 | Boston Road | 103 |
| 3 | Sixteen Acres | 103 |
| 4 | Indian Orchard | 100 |
| 5 | East Springfield | 102 |
| 6 | East Forest Park | 103 |
| 7 | Liberty Heights | 104 |
| 8 | Memorial Square | 95 |
| 9 | South End | 89 |
| 10 | Metro Center | 94 |
| 11 | Forest Park | 103 |
| 12 | Brightwood | 95 |
| 13 | Mcknight | 102 |
| 14 | Upper Hill | 98 |
| 15 | Bay | 101 |
| 16 | Maple High-Six Corners | 96 |
| 17 | Old Hill | 97 |