New Castle, CO is a great place to live with many advantages over other locations in the US. The cost of a two bedroom rental is much lower than the national average, at $1,590 versus $1430 respectively. Grocery costs are also lower than the US average at 106 compared to 100. There are plenty of local businesses in New Castle, such as Chen's Chinese Restaurant and Bearcat Coffee Co., and many amenities like parks and recreational centers for residents to enjoy. The city also offers an array of cultural activities and events as well as exciting attractions like Lake Glenwood Park for visitors to explore.
New Castle has an unemployment rate of 6.0%. The US average is 6.0%.
New Castle has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 40.5%, which is higher than the US average of 33.5%.
Tax Rates for New Castle
- The Sales Tax Rate for New Castle is 3.9%. The US average is 7.3%.
- The Income Tax Rate for New Castle is 4.6%. 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 $30,848 a year. The US average is $28,555 a year.
- The Median household income of a New Castle resident is $79,849 a year. The US average is $69,021 a year.