Housing costs in New Castle?
A typical home costs
$126,500, which is 62.6% less expensive than the national average of
$338,100 and 42.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in New Castle costs
$710 per month, which is 50.3% cheaper than the national average of
$1,430 and 38.0% cheaper than the state average of
$980.
Can I afford New Castle?
To live comfortably in New Castle (zip 47362), Indiana, a minimum annual income of
$24,120 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about New Castle?
The cost of living in 47362 New Castle, IN is relatively low. According to BestPlaces's Cost of Living Index, the city has an index score of 77, which is about 18% lower than the national average. The most expensive items in the city are transportation and healthcare, while groceries and housing are quite affordable. In general, it is possible to live comfortably on a budget in New Castle, IN.