Newcastle, WA Economy


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Newcastle, WA is a city situated in the Puget Sound region of Washington State. It is renowned for its picturesque views and stunning nature. This serene environment offers a high quality of life to its residents. The average cost of rent for two-bedroom units in Newcastle stand at $2,290, which is slightly higher than the national average of $1,430. Grocery Cost Index in Newcastle is also slightly higher at 106 compared to 100 in other parts of the US. There are several local businesses that serve the Newcastle community such as H&R Accounting Services, providing professional accounting services; Robinsons Real Estate Solutions, offering real estate services; and The Green Dog Pet Care Center providing pet care facilities. These companies offer reliable services tailored to meet the needs of the local community.

Newcastle has an unemployment rate of 5.4%. The US average is 6.0%.

Newcastle has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 40.5%, which is higher than the US average of 33.5%.

Tax Rates for Newcastle
- The Sales Tax Rate for Newcastle is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Newcastle is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Newcastle
- The average income of a Newcastle resident is $78,649 a year. The US average is $37,638 a year.
- The Median household income of a Newcastle resident is $139,439 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNewcastle, WashingtonUnited States
  5.46
  -5.2%-6.2%
  40.5%33.5%
  10.0%6.2%
  0.0%4.6%
  $78,649$37,638
  $139,439$69,021
  $183,594$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.3%6.8%
  9.3%10.0%
  4.1%2.5%
  15.3%11.0%
  3.5%4.8%
  0.4%0.8%
  6.2%1.9%
  5.5%4.7%
  4.6%1.9%
  16.5%7.6%
  0.6%0.1%
  3.8%4.2%
  4.4%9.3%
  11.5%14.0%
  1.5%2.1%
  5.2%7.0%
  2.4%4.8%
  1.8%4.7%
Reviews for Newcastle
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Over 18 years ago

I've lived all over the world. Few other places I've lived in that have 4 distinct seasons and sports to fit all those seasons. You can ski in the winter, hike in the  More

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