Cost of Living in New Castle, CO

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F
32%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
91%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index New Castle Colorado National
Cost of living132115100
Groceries103104100
Health care106107100
Housing191136100
Transportation107106100
Utilities110108100
Lifestyle & Entertainment109107100
Household Items106105100
Education & Childcare112111100
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Homes For Sale In New Castle, CO

property for sale

28 Broken Wing Dr

New Castle, CO
property for sale

342 Faas Ranch Rd

New Castle, CO
property for sale

571 River View Dr #1207

New Castle, CO
property for sale

51 Redstone Dr

New Castle, CO

Cost Of Living Quick Facts

  • The cost of living in New Castle is 15% higher than the Colorado average
  • The cost of living in New Castle is 32% higher than the national average
  • New Castle housing is 91% higher than the national average
  • Colorado general sales tax is 43% lower than the national average
  • Colorado state income tax is 69% higher than the national average

Most Affordable Places to Live in and Around New Castle

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      Salary Calculator

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$130,349$10,862$3,041$3,911
      Renters$120,138$10,012$2,803$3,605
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in New Castle, CO, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for New Castle homeowners, is $130,349. This would allow for a maximum of $3,041 per month to be spent on housing costs. For renters, the median monthly income is $120,138 which would result in a maximum of $2,803 to be spent on rental costs.

      Colorado Sales Tax

      State General Sales Tax With Max Surtax
      Colorado 2.9% 10%

      Colorado Income Tax

      State Income Tax (Low) Income Tax (High)
      Colorado 4.4% 4.4%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      No Name, CO2771076.8%
      Rifle, CO10,15411716.5%
      Silt, CO3,19712322.8%
      Glenwood Springs, CO10,32113636.5%
      Chacra, CO36415352.5%
      New Castle, CO4,97513231.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Hunters Creek Village, TX4,975360260.3%
      Wauchula, FL4,9748911.0%
      Prairie Heights, WA4,97412928.8%
      Wrightsboro, NC4,976964.1%
      Hamilton, MT4,9731010.8%
      New Castle, CO4,97513231.9%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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