Zip 40058 (New Castle, KY) Economy


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New Castle, KY (40058) is a vibrant and bustling community located in Henry County. With an estimated population of just over 4,000 residents, it's a great place to live if you're looking for a small town feel with big city amenities. The average two-bedroom rent is $890, slightly lower than the US average of $1,430. The Grocery Cost Index in New Castle is also 94 versus 100 in the US.
There are plenty of businesses and stores to explore in New Castle. From popular restaurants such as La Hacienda Mexican Restaurant and Dairy Queen to retail outlets like Dollar General and Walmart Supercenter, there's something for everyone. Local companies like Eastern Kentucky Computer Services Inc., Yates Insurance Agency Inc., and Needmore Welding & Fabrication provide jobs for residents while helping keep the economy thriving. With so much to explore and experience in New Castle (40058), it's no wonder why people love living here!

New Castle (zip 40058) has an unemployment rate of 4.2%. The US average is 6.0%.

New Castle (zip 40058) 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 (zip 40058)
- The Sales Tax Rate for New Castle (zip 40058) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for New Castle (zip 40058) 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 40058)
- The average income of a New Castle (zip 40058) resident is $12,575 a year. The US average is $28,555 a year.
- The Median household income of a New Castle (zip 40058) resident is $29,861 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Castle, KentuckyUnited States
  4.26
  -4.5%-6.2%
  39.3%33.5%
  6.0%6.2%
  5.0%4.6%
  $29,193$37,638
  $29,861$69,021
Family Median Income 85028
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