New Castle, DE is a city with an excellent quality of life and a thriving economy. With a two bedroom rent at $1,360, it's cheaper than the US average of $1,430 making it attractive to those looking to save money. Additionally, New Castle offers lower grocery costs than the US average with its Grocery Cost Index of 103 versus 100 in the US. This allows residents to stretch their budget further. New Castle is home to numerous local companies such as Bimbo Bakeries USA Inc and Amazon Fulfillment. The city's economy continues to grow due to low unemployment rates and a stable housing market.
New Castle has an unemployment rate of 6.5%. The US average is 6.0%.
New Castle has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 32.9%, which is lower than the US average of 33.5%.
Tax Rates for New Castle
- The Sales Tax Rate for New Castle is 0.0%. The US average is 7.3%.
- The Income Tax Rate for New Castle is 6.6%. 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 $48,434 a year. The US average is $37,638 a year.
- The Median household income of a New Castle resident is $83,651 a year. The US average is $69,021 a year.