New Castle cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexNew CastlePennsylvaniaNational
Cost of living index73101100
IndexNew CastlePennsylvaniaNational
Goods & Services index89103100
Groceries index78105100
Health care index8497100
Housing index4090100
Transportation index92112100
Utilities index93112100
A general summary of the cost of living index in New Castle, PA is shown above. Compared to the state average of Pennsylvania the cost of living index in New Castle, PA is 73, which is 28% lower than the average in Pennsylvania and compared to the national average it is 27% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In New Castle, PA goods and services come in at 14% lower than the average in Pennsylvania and are 11% lower than compared to the nationwide average.

Did you know?

  • The cost of living in New Castle is 28% lower than the Pennsylvania average.
  • The cost of living in New Castle is 27% lower than the national average.
  • The cost of housing in New Castle is 60% lower than the national average.
  • Pennsylvania general sales tax is 18% higher than the national average.
  • Pennsylvania state income tax is 38% higher than the national average.

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Salary Calculator

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The salary calculator is meant to help you compare your salary in New Castle, PA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in New Castle, PA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the New Castle, PA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$42,754$3,563$998$1,283
Renters$17,231$1,436$402$517
One can approximate the cost of living and the housing affordability in New Castle, PA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in New Castle, PA have a median income of $42,754. Therefore, the amount that a consumer should spend on housing costs should be no more than $998 per month to avoid calamity and poverty. The renters in the city have an income of about $17,231, which would make their monthly maximum allowable rental costs $402.

Pennsylvania Sales Tax

StateGeneral Sales TaxWith Max Surtax
Pennsylvania6%8%

Pennsylvania Income Tax

StateIncome Tax (Low)Income Tax (High)
Pennsylvania3.07%3.07%
One thing to keep in mind when considering the cost of living in New Castle, PA is the Pennsylvania sales tax and Pennsylvania income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Pennsylvania sales tax rate is 6% and the maximum surtax that can be charged is 8%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Pennsylvania income tax rates range from 3.07% to 3.07%.

Goods & Services

ItemNew CastleNational avg.Difference
Haircut $12.20$14.5916.4%
Beauty Salon $25.60$34.6826.2%
Toothpaste $1.91$2.4722.8%
Shampoo $0.81$1.0220.7%
Movie $9.50$9.873.7%
Bowling $3.20$4.3927.1%

Groceries

ItemNew CastleNational avg.Difference
Ground Beef $3.59$4.4819.8%
Fried Chicken $1.07$1.4626.9%
Milk $1.50$2.3636.4%
Potatoes $1.58$3.0648.4%
Pizza $9.00$9.242.6%
Beer $8.99$8.634.1%

Health Care

ItemNew CastleNational avg.Difference
Optometrist $83.80$99.7816.0%
Doctor $72.40$105.0331.1%
Dentist $70.60$88.7020.4%
Ibuprofen $7.51$9.4120.2%
Lipitor $319.82$298.507.1%

Housing

ItemNew CastleNational avg.Difference
Home Price $57,600.00$181,400.0068.2%
Avg. Mortgage Payment $765.19$1,081.0329.2%
Apartment Rent $521.00$889.0041.4%

Transportation

ItemNew CastleNational avg.Difference
Gasoline $2.00$2.094.6%
Tire Balancing $36.78$45.2918.8%

Utilities

ItemNew CastleNational avg.Difference
All Electricity$137.52$170.8019.5%
Phone $31.43$28.2611.2%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
S.N.P.J., PA088-12%
Frizzleburg, PA54869-31%
Wheatland, PA70173-27%
Negley, OH26374-26%
Farrell, PA5,04774-26%
New Castle, PA23,29073-27%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Faribault, MN23,29796-4%
East Peoria, IL23,32190-10%
Selma, CA23,2511033%
Duncan, OK23,33282-18%
Chantilly, VA23,24813636%
New Castle, PA23,29073-27%
Source: The New Castle, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.