Zip 76372 (Newcastle, TX) Economy


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United States / Texas / No Metro Area / Young County / Newcastle / Newcastle (zip 76372)
Newcastle, Texas (76372) offers residents a unique mix of small-town charm and urban amenities. The city is home to a number of local businesses, including Newcastle Hardware, Newcastle Rodeo Company, and the Newcastle Winery. Residents of Newcastle enjoy a low cost of living; 2 bedroom rents in the area are only $820 per month compared to the national average of $1430. Grocery costs are also low, with an index score of 90 compared to the US' 100. This makes it easy for people to save money while still enjoying all that the city has to offer.

Newcastle (zip 76372) has an unemployment rate of 6.2%. The US average is 6.0%.

Newcastle (zip 76372) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 17.3%, which is lower than the US average of 33.5%.

Tax Rates for Newcastle (zip 76372)
- The Sales Tax Rate for Newcastle (zip 76372) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Newcastle (zip 76372) 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 (zip 76372)
- The average income of a Newcastle (zip 76372) resident is $23,898 a year. The US average is $28,555 a year.
- The Median household income of a Newcastle (zip 76372) resident is $59,896 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNewcastle, TexasUnited States
  6.26
  -4.7%-6.2%
  17.3%33.5%
  8.3%6.2%
  0.0%4.6%
  $27,070$37,638
  $59,896$69,021
  $82,083$85,028
  Population by Occupation
  18.8%1.2%
  6.7%0.5%
  14.9%6.8%
  5.4%10.0%
  6.2%2.5%
  9.0%11.0%
  4.6%4.8%
  4.6%0.8%
  0.0%1.9%
  6.7%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  7.7%4.2%
  3.3%9.3%
  4.1%14.0%
  0.5%2.1%
  1.3%7.0%
  0.3%4.8%
  5.9%4.7%
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