Housing costs in New Castle?
A typical home costs
$132,400, which is 60.8% less expensive than the national average of
$338,100 and 40.3% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in New Castle costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 36.1% cheaper than the state average of
$980.
Can I afford New Castle?
To live comfortably in New Castle, Indiana, a minimum annual income of
$25,200 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about New Castle?
New Castle, IN offers an affordable cost of living in comparison to the national average. The cost of housing is low with median home prices at $87,500 and median monthly rent for a two-bedroom apartment at $695. Utility costs are also relatively affordable as the average monthly energy bill is only $105. Grocery prices are slightly above the national average but remain very reasonable, while transportation costs are also generally lower than average. In addition, locals enjoy no sales tax or income tax on their wages, further helping them keep their cost of living low.