Newcastle, TX is a small city located in the northern region of Texas. This city has a population of just 6,497 people, making it an idyllic place to live with its small-town charm. The cost of living in Newcastle is very affordable compared to other parts of the United States. The average rent for a two-bedroom apartment is $820 per month, which is significantly lower than the US average at $1,430 per month. Additionally, the grocery cost index in Newcastle is only 90 compared to 100 in the US indicating that groceries are less expensive here than elsewhere. Local companies in Newcastle include Rick’s BBQ & Burgers for classic American food; Rancho Viejo Mexican Restaurant for delicious Mexican cuisine; and China Garden Chinese Restaurant for delicious Chinese dishes. With its low cost of living and laidback atmosphere, Newcastle, TX provides an ideal place for those looking to settle down and call home.
Newcastle has an unemployment rate of 6.2%. The US average is 6.0%.
Newcastle has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 17.3%, which is lower than the US average of 33.5%.
Tax Rates for Newcastle
- The Sales Tax Rate for Newcastle is 8.3%. 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 $20,323 a year. The US average is $28,555 a year.
- The Median household income of a Newcastle resident is $46,667 a year. The US average is $69,021 a year.