New Castle, NY is a town in Westchester County that is known for its low cost of living. The average two-bedroom rent in the town is $2,790, comparatively lower than the US average which stands at $1,430. Along with rents, grocery costs are also relatively lower in New Castle standing at 112 on the index versus 100 in the US. Companies like PepsiCo Inc., Siemens Medical Solutions USA Inc., and IBM have their presence here providing employment opportunities to locals. Shopping outlets like Tompkins Corners Market Place and Chappaqua Farmers Market make it easier for locals to access everyday products without burning a hole in their pockets. With its ample employment opportunities and low cost of living, New Castle is an ideal place to settle down for those looking to escape the hustle-bustle of city life while still being close enough for a quick trip into Manhattan when needed.
New Castle has an unemployment rate of 6.2%. The US average is 6.0%.
New Castle has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 26.5%, which is lower than the US average of 33.5%.
Tax Rates for New Castle
- The Sales Tax Rate for New Castle is 7.4%. The US average is 7.3%.
- The Income Tax Rate for New Castle is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Castle
- The average income of a New Castle resident is $89,919 a year. The US average is $28,555 a year.
- The Median household income of a New Castle resident is $236,645 a year. The US average is $69,021 a year.