Zip 40050 (New Castle, KY) Cost of Living


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New Castle cost of living score
84.4
Less expensive
15.6% lower
than the US average
2.6% higher
than the Kentucky average
New Castle (zip 40050), Kentucky gets a BestPlaces Cost of Living score of 84.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.6% lower than the U.S. average and 2.6% lower than the average for Kentucky.

Zip 40050 (New Castle, KY)

Housing costs in New Castle?
A typical home costs $175,100, which is 48.2% less expensive than the national average of $338,100 and 9.9% less expensive than the average Kentucky home, at $194,300. Renting a two-bedroom unit in New Castle costs $900 per month, which is 2.2% cheaper than the national average of $920 and 15.6% cheaper than the state average of $1,040.

Can I afford New Castle?
To live comfortably in New Castle (zip 40050), Kentucky, a minimum annual income of $33,480 for a family, and $30,000 for a single person is recommended.

What does A.I. say about New Castle?
40050 New Castle, KY is a small city located in Henry County. It has an affordable cost of living, with the average home price being just under $100,000. The cost of food and other necessities is also reasonable, with prices comparable to those found in larger cities within Kentucky. Utilities are generally also lower than the national average. Overall, 40050 New Castle offers a desirable quality of life at an affordable price for those looking to move to the area.
   Cost of living score
     CategoriesNew CastleKentuckyUnited States
  84.482.3100.0
  94.394.2100
  94.8102.2100.0
  41.056.9100.0
  $175,100$194,300$338,100
  93.0%92.9%100.0%
  107.489.1100.0
  71.377.5100.0

   100=National Average

   Average Rent by Bedroom Size
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