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 Vancouver might be more expensive than living in rural Washington, there are certain neighborhoods that are definitely cheaper.
What exactly are those Vancouver 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 Vancouver are the cheapest using Saturday Night Science.
What’s the cheapest neighborhood to live in Vancouver for 2024? According to the most recent census data, Bagley Downs looks to be the cheapest Vancouver 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 Vancouver. You could be sacrificing location or crime rates for more space and cheaper groceries.
Read on to see how we determined the places around Vancouver that deserve a little bragging rights, or maybe you’re interested in the worst neighborhoods in Vancouver.
For more Washington reading, check out:
- Best Places To Live In Washington
- Cheapest Places To Live In Washington
- 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 Vancouver For 2024
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Population: 6,650
Cost Of Living Index: 103 (4th cheapest)
Home Value To Income Ratio: 3.3 (5th cheapest)
Rent To Income Ratio: 0.017 (17th cheapest)
More on Bagley Downs: Data | Real Estate
/10
Population: 617
Cost Of Living Index: 113 (29th cheapest)
Home Value To Income Ratio: 3.2 (3rd cheapest)
Rent To Income Ratio: 0.013 (4th cheapest)
More on Northwood: Data | Real Estate
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Population: 5,633
Cost Of Living Index: 104 (6th cheapest)
Home Value To Income Ratio: 3.9 (12th cheapest)
Rent To Income Ratio: 0.018 (24th cheapest)
More on Rose Village: Data | Real Estate
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Population: 683
Cost Of Living Index: 115 (39th cheapest)
Home Value To Income Ratio: 2.9 (cheapest)
Rent To Income Ratio: 0.013 (5th cheapest)
More on Airport Green: Data | Real Estate
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Population: 2,126
Cost Of Living Index: 114 (34th cheapest)
Home Value To Income Ratio: 3.0 (2nd cheapest)
Rent To Income Ratio: 0.015 (10th cheapest)
More on Parkway East: Data | Real Estate
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Population: 4,928
Cost Of Living Index: 111 (2cheapest)
Home Value To Income Ratio: 4.0 (16th cheapest)
Rent To Income Ratio: 0.016 (13th cheapest)
More on Vancouver Heights: Data | Real Estate
/10
Population: 1,730
Cost Of Living Index: 94 (cheapest)
Home Value To Income Ratio: 4.3 (24th cheapest)
Rent To Income Ratio: 0.019 (25th cheapest)
More on Fruit Valley: Data | Real Estate
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Population: 3,499
Cost Of Living Index: 115 (39th cheapest)
Home Value To Income Ratio: 3.6 (8th cheapest)
Rent To Income Ratio: 0.013 (3rd cheapest)
More on Northwest: Data | Real Estate
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Population: 521
Cost Of Living Index: 113 (29th cheapest)
Home Value To Income Ratio: 4.2 (2cheapest)
Rent To Income Ratio: 0.011 (cheapest)
More on Northcrest: Data | Real Estate
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Population: 3,829
Cost Of Living Index: 113 (29th cheapest)
Home Value To Income Ratio: 4.2 (20th cheapest)
Rent To Income Ratio: 0.014 (9th cheapest)
More on Lincoln: Data | Real Estate
Methodology: How We Determined The Cheapest Vancouver Hoods In 2024
To rank the cheapest places to live in Vancouver, 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 60 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 Vancouver.” We’re lookin’ at you, Bagley Downs.
We updated this article for 2024. This is our fourth time ranking the cheapest neighborhoods to live in Vancouver. 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 Vancouver
If you’re measuring the neighborhoods in Vancouver where prices are low, and it’s cheap to live, this is an accurate list.
The most affordable neighborhoods in Vancouver are Bagley Downs, Northwood, Rose Village, Airport Green, Parkway East, Vancouver Heights, Fruit Valley, Northwest, Northcrest, and Lincoln.
As mentioned earlier, the neighborhoods in Vancouver aren’t all cheap. Fairway 164Th takes the title of the most expensive neighborhood to live in Vancouver.
The most expensive neighborhoods in Vancouver are Fairway 164th, Village At Fishers Landing, Bennington, Esther Short, and Mountain View.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Washington reading, check out:
- Most Dangerous Cities In Washington
- Richest Cities In Washington
- Safest Places In Washington
- Worst Places To Live In Washington