40050 New Castle, KY is a rural area with a population of approximately 1,400 people. It has a low median household income of around $35,000 per year, but is known for its affordable living costs. The average two-bedroom rent in the area is $900 which is significantly lower than the US average of $1,430. The grocery cost index in 40050 New Castle is 94 which is also lower than the US index of 100. This makes it an attractive place to live for those looking for a low cost of living.
The main industries in 40050 New Castle include agriculture and manufacturing. Local companies like New Castle Manufacturing Co., Cecil Country Club, G & A Tractor Parts, and RV Sales & Service provide employment opportunities to the local residents here. Other amenities available in this small community include Renfro Valley Entertainment Center, Kentucky River Campgrounds and Blue Licks Battlefield State Park where visitors can enjoy outdoor activities such as camping, hiking and fishing.
For more information about 40050 New Castle, KY please visit the website Kentucky Tourism or the official website for Henry County at henrycountykygov.com
New Castle (zip 40050) has an unemployment rate of 4.2%. The US average is 6.0%.
New Castle (zip 40050) has seen the job market decrease by -4.5% 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 (zip 40050)
- The Sales Tax Rate for New Castle (zip 40050) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for New Castle (zip 40050) 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 (zip 40050)
- The average income of a New Castle (zip 40050) resident is $24,216 a year. The US average is $37,638 a year.
- The Median household income of a New Castle (zip 40050) resident is $38,833 a year. The US average is $69,021 a year.