New Castle, PA is an affordable city to live in with a 2 bedroom rent of $840 compared to the US's average of $1,430. It is also economically conscious as well, with its Grocery Cost Index at 96 against the US's average 100. Businesses have taken notice and many companies have established themselves in the city. Among them are Dura-Bond Pipe, Westinghouse Electric Corporation, Shenango China and Gibraltar Industries; all of which contribute to New Castle's economic growth.
New Castle has an unemployment rate of 12.2%. The US average is 6.0%.
New Castle has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 11.8%, which is lower 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 5.2%. 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 $18,463 a year. The US average is $28,555 a year.
- The Median household income of a New Castle resident is $36,595 a year. The US average is $69,021 a year.