Newcastle, WY is a beautiful town located in the northeastern part of the state. It is known for its natural beauty and outdoor recreation opportunities such as hiking, fishing, camping, and hunting. The cost of living in Newcastle is lower than the US average and is particularly attractive to renters. The average two-bedroom rent in Newcastle is $1,170 per month compared to the US average of $1,430. Additionally, the Grocery Cost Index in Newcastle stands at 99 points versus 100 in the US. This makes it a great place for budget-minded families who want to enjoy all that Wyoming has to offer.
Newcastle is home to several local businesses such as Wy Concrete Inc., Bighorn Outfitters LLC., Smitty's Valley Boarding Kennel & Grooming Service, Basin Electric Power Cooperative, and A&E Hardware & Implement Co., among many others. These provide employment opportunities for locals while also offering services or goods to residents and visitors alike. With its affordability and wide range of offerings, Newcastle is an excellent choice for those looking for an affordable place to live with plenty of amenities available nearby.
Newcastle has an unemployment rate of 4.1%. The US average is 6.0%.
Newcastle has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 10.1%, which is lower than the US average of 33.5%.
Tax Rates for Newcastle
- The Sales Tax Rate for Newcastle is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newcastle is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newcastle
- The average income of a Newcastle resident is $23,318 a year. The US average is $28,555 a year.
- The Median household income of a Newcastle resident is $66,830 a year. The US average is $69,021 a year.