New Castle, IN is a small city located in east-central Indiana. It is well known for its friendly atmosphere and tight-knit community. New Castle has a population of 18,114 citizens and has an array of businesses including Grace Logistics, IBM Global Services, and Ford Motor Company. Living costs in New Castle are below the national average with a 2 bedroom rent costing $720 compared to the US average of $1,430 and the Grocery Cost Index at 91 versus 100 in the US. There are also plenty of recreational activities to take part in such as fishing and camping at Mounds State Park or golfing at The Players Club Golf Course. With its affordable housing costs and job opportunities, New Castle is an ideal place to call home.
New Castle has an unemployment rate of 4.3%. The US average is 6.0%.
New Castle has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 35.5%, which is higher than the US average of 33.5%.
Tax Rates for New Castle
- The Sales Tax Rate for New Castle is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Castle is 4.5%. 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 $17,292 a year. The US average is $28,555 a year.
- The Median household income of a New Castle resident is $46,112 a year. The US average is $69,021 a year.