Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Employment
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Health & Safety
Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Crime
This area reports elevated crime rates per 100,000 individuals, potentially pointing some areas being unsafe for its residents. Stats are based on both property and violent crimes.
New Castle, Delaware is a small city with a population of 5,485 residents. At 69%, the majority of the New Castle population is White; this is followed by 27% Black and 1% Asian. In New Castle, there seems to be a shift in population towards an older age group. The average age of the population is now 52, which is significantly higher than the nation’s average. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in New Castle is the right fit for you, your one way commute time will average 24 minutes, which is about average when compared to the national commute time of 26 minutes.
Are you trying to ascertain if living in New Castle is the right fit for your lifestyle? To ensure a fulfilling experience before relocating to any new city in Delaware, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. The best areas in New Castle and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, health & safety, education, employment, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Delaware and national averages.
With a livability score of 71 out of 100, New Castle is ranked #6,135 in the United States and #12 in Delaware. If we probe a little deeper into each category within the livability score, we see that New Castle has higher than average grades for the following: employment (A+) and housing (A+). There are some categories that New Castle scores poorly for, including: crime (F) and education (D). It might be worth taking a closer look to determine why.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In New Castle, the unemployment rate stands at 1.3%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, New Castle has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Assuming that New Castle meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in New Castle. Everything else becomes a lot less important if it turns out that home prices in New Castle are simply unattainable. The median home price for New Castle homes is $387,314, which is 7.8% lower than the Delaware average. If we take a closer look at the affordability of homes in New Castle, we’ll see that the home price to income ratio is 3.5, which is 25.5% lower than the Delaware average.
| Statistic | New Castle | Delaware | National |
| Average one way commute | 24min | 26min | 26min |
| Workers who drive to work | 88.4% | 81.3% | 76.4% |
| Workers who carpool | 2.3% | 8.2% | 9.3% |
| Workers who take public transit | 2.5% | 2.9% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 2.2% | 2.1% | 2.8% |
| Working from home | 4.7% | 4.3% | 4.6% |
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