New Castle, KY is an affordable city located in Henry County with a population of 4,599 people. It's located near the Ohio River and offers residents a variety of work opportunities, shops, restaurants, and activities to choose from. Common employers in the area include BRW Mining LLC., Admiral Metals Inc., Rehnen Construction Co., and Kentucky Oak Distillery. 2 bedroom rentals in New Castle cost $900 a month, compared to the US average of $1,430; groceries are also more affordable here at 94 versus the US index of 100. Residents enjoy outdoor recreational activities such as fishing and camping and can easily access nearby shopping centers for their daily needs.
New Castle has an unemployment rate of 4.2%. The US average is 6.0%.
New Castle has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for New Castle
- The Sales Tax Rate for New Castle is 6.0%. The US average is 7.3%.
- The Income Tax Rate for New Castle is 5.8%. 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 $15,074 a year. The US average is $28,555 a year.
- The Median household income of a New Castle resident is $32,031 a year. The US average is $69,021 a year.