New Castle, VA is a small town in the Shenandoah Valley that offers a peaceful atmosphere and pleasant living conditions for its residents. The average 2 bedroom rent in New Castle is $800 per month, much lower than the US average of $1,430 per month. This makes living in the town an attractive option for those looking to save money on rent. Additionally, groceries are slightly cheaper in New Castle than they are nationally with a grocery cost index of 97 versus 100 in the US.
The town has several local companies such as White Star Farms LLC, Moonstone Retreats LLC, and Sign-A-Rama. These businesses offer services such as farming & produce delivery, vacation rentals and event planning services as well as custom signage and graphic design to the local community. All these factors make New Castle an ideal location for families looking for affordability and quality of life. Compared to other parts of Virginia, it is clear that New Castle offers a lower cost of living than many other areas which makes it an attractive option for residents seeking affordable housing options.
New Castle has an unemployment rate of 4.5%. The US average is 6.0%.
New Castle has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for New Castle
- The Sales Tax Rate for New Castle is 5.3%. 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 $34,669 a year. The US average is $37,638 a year.
- The Median household income of a New Castle resident is $0 a year. The US average is $69,021 a year.