Zip 16105 (New Castle, PA) Economy


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United States / Pennsylvania / New Castle Metro Area / Lawrence County / No City / New Castle (zip 16105)
New Castle, Pennsylvania is a great place to live with plenty of opportunities for work and leisure. The city is home to several local companies such as Shenango Valley Chamber of Commerce, New Castle Community YMCA, and S&T Bank. There are also a plethora of recreational activities available in the city, from watching movies at Cascade Park to visiting art galleries like Art on the Hill. Additionally, the 2 bedroom rent in New Castle is only $800 compared to the US average of $1,430 and grocery cost index is 99 versus 100 in the US making it a more affordable place to live. Overall, New Castle provides many perks perfect for families looking for a place to settle down.

New Castle (zip 16105) has an unemployment rate of 9.3%. The US average is 6.0%.

New Castle (zip 16105) 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 14.3%, which is lower than the US average of 33.5%.

Tax Rates for New Castle (zip 16105)
- The Sales Tax Rate for New Castle (zip 16105) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for New Castle (zip 16105) is 4.1%. 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 16105)
- The average income of a New Castle (zip 16105) resident is $31,987 a year. The US average is $28,555 a year.
- The Median household income of a New Castle (zip 16105) resident is $68,573 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Castle, PennsylvaniaUnited States
  9.36
  -6.6%-6.2%
  14.3%33.5%
  6.0%6.2%
  4.1%4.6%
  $37,825$37,638
  $68,573$69,021
  $87,601$85,028
  Population by Occupation
  0.4%1.2%
  0.2%0.5%
  6.5%6.8%
  9.4%10.0%
  3.0%2.5%
  12.5%11.0%
  2.7%4.8%
  2.0%0.8%
  1.3%1.9%
  6.7%4.7%
  1.3%1.9%
  5.2%7.6%
  0.0%0.1%
  3.0%4.2%
  10.2%9.3%
  17.0%14.0%
  2.6%2.1%
  5.0%7.0%
  5.9%4.8%
  5.1%4.7%
Health