Living in New Castle, Indiana
Cost of living, income, home prices, rent and demographics of New Castle · Census data 2020–2024
New Castle has 17,367 residents with a median age of 41.2. The median household income is $51,606 (28% lower than the Indiana median), the median home value is $98,000, the median rent is $781/month.
New Castle at a glance
- Population
- 17,367
- Median age
- 41.2State: 38.1
- Median household income
- $51,606State: $71,957
- Median home value
- $98,000State: $218,200
- Median rent
- $781/moState: $1,062
- Homeowners
- 61.5%
- Bachelor's degree or higher
- 13.3%
- Average commute
- 21 min
Is New Castle a good place to live?
Pros: Home values 55% lower than the state median; an average commute of 21 minutes.
Cons: Median household income 28% lower than the Indiana median; unemployment of 4.9%; a poverty rate of 20.1%.
The weather is best in June to September.
Cost of living in New Castle
Housing is the biggest part of the cost of living. In New Castle the median home value is $98,000, 71% lower than the U.S. median. Renters pay a median of $781 per month, which is 26.6% of household income. Homeowners with a mortgage pay $951 a month in housing costs.
New Castle median household income
The median household income in New Castle is $51,606 and the income per person is $28,155. 20.1% of residents live below the poverty line (Indiana: 12.3%).
Housing in New Castle: homes for sale and rent
- Housing units
- 8,417
- Owner-occupied
- 61.5%
- Renter-occupied
- 38.5%
- Vacant
- 14.6%Includes seasonal homes
- Median year built
- 1956
- Average household size
- 2.36
New Castle demographics
- Population
- 17,367
- Median age
- 41.2
- Under 18
- 20.9%
- 65 and older
- 16.9%
- Households
- 7,188
- Foreign-born
- 1.3%
- Veterans
- 7.7%Adults 18+
Hispanic or Latino can be of any race. Population history of New Castle ›
Education in New Castle
13.3% of adults 25 and older in New Castle have a bachelor's degree or higher (Indiana: 29.5%), and 4.4% have a graduate or professional degree.
Jobs and commute in New Castle
- Unemployment rate
- 4.9%State: 4.3%
- Average commute
- 21 minState: 24 min
- Work from home
- 8.8%
- Drive alone
- 75.4%
- Public transit
- 0.6%
- Walk to work
- 2.8%
- Homes with broadband
- 89.2%
New Castle vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Castle | 17,367 | $51,606 | $98,000 | $781 |
| Westwood | 584 | $147,743 | $302,400 | — |
| Spiceland | 840 | $65,875 | $118,300 | $789 |
| Sulphur Springs | 454 | $51,250 | $139,300 | $993 |
| Cadiz | 226 | $101,000 | $105,600 | $920 |
| Lewisville | 282 | $50,208 | $114,300 | $875 |
| Kennard | 415 | $58,125 | $110,700 | $1,089 |
| Mooreland | 493 | $60,714 | $94,200 | $982 |
| Straughn | 229 | $73,125 | $112,000 | $1,708 |
More for people moving to New Castle
New Castle ZIP code ›Weather and climate ›Living in New Castle: FAQ
What is the median household income in New Castle, IN?
The median household income in New Castle is $51,606, 28% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in New Castle?
The median home value in New Castle is $98,000, compared with $218,200 in Indiana.
How much is rent in New Castle?
The median gross rent in New Castle is $781 per month, about 26.6% of household income.
Is New Castle, IN a good place to live?
Pluses: home values 55% lower than the state median; an average commute of 21 minutes. Minuses: median household income 28% lower than the Indiana median; unemployment of 4.9%; a poverty rate of 20.1%.
What is the median age in New Castle?
The median age in New Castle is 41.2 years (Indiana: 38.1).
How long is the commute in New Castle?
The average commute to work in New Castle is 21 minutes; 8.8% of workers work from home.
What is the unemployment rate in New Castle?
The unemployment rate in New Castle is 4.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Castle?
13.3% of adults in New Castle have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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