Cost Of Living in New Castle, VA

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A-

1%

Overall NAT. AVG.

4%

Goods & Services NAT. AVG.

5%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	New Castle	Virginia	National
Cost of living	101	109	100
Goods & Services	96	100	100
Groceries	97	101	100
Health care	89	99	100
Housing	105	130	100
Transportation	98	95	100
Utilities	116	104	100

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Cost Of Living Quick Facts

The cost of living in New Castle is 8% lower than the Virginia average
The cost of living in New Castle is 1% higher than the national average
New Castle housing is 5% higher than the national average
Virginia general sales tax is 4% higher than the national average
Virginia state income tax is 23% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$150,950	$12,579	$3,522	$4,529
Renters	$19,583	$1,632	$457	$588

Virginia Sales Tax

State	General Sales Tax	With Max Surtax
Virginia	5.3%	6%

Virginia Income Tax

State	Income Tax (Low)	Income Tax (High)
Virginia	2%	5.75%

Goods & Services

Item	New Castle	National avg.	Difference
Haircut	$14.40	$24.26	40.6%
Beauty Salon	$33.51	$45.56	26.5%
Toothpaste	$3.66	$3.70	1.1%
Shampoo	$1.20	$1.28	6.0%
Movie	$13.42	$12.13	10.6%
Bowling	$13.22	$18.00	26.5%

Groceries

Item	New Castle	National avg.	Difference
Ground Beef	$5.36	$5.84	8.3%
Fried Chicken	$1.43	$1.57	9.3%
Milk	$4.59	$4.67	1.8%
Potatoes	$4.93	$4.93	0.0%
Pizza	$14.11	$12.09	16.7%
Beer	$10.63	$10.41	2.1%

Health Care

Item	New Castle	National avg.	Difference
Optometrist	$121.62	$125.68	3.2%
Doctor	$150.70	$135.78	11.0%
Dentist	$109.15	$113.29	3.7%
Ibuprofen	$10.39	$10.65	2.5%
Lipitor	$484.30	$468.60	3.4%

Housing

Item	New Castle	National avg.	Difference
Home Price	$225,800.00	$184,700.00	22.3%
Avg. Mortgage Payment	$1,912.27	$2,346.69	18.5%
Apartment Rent	$617.00	$949.00	35.0%

Transportation

Item	New Castle	National avg.	Difference
Gasoline	$3.29	$3.46	4.9%
Tire Balancing	$41.28	$59.92	31.1%

Utilities

Item	New Castle	National avg.	Difference
All Electricity	$240.27	$193.99	23.9%
Phone	$184.83	$192.25	3.9%

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	Population	Cost of Living Index	National Avg.
Hollins, VA	15,113	98	2.1%
Salem, VA	25,290	101	0.6%
Troutville, VA	405	101	1.2%
Laymantown, VA	1,836	105	4.8%
Fincastle, VA	706	106	5.9%
New Castle, VA	285	101	0.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Sherrill, AR	285	100	0.2%
Desert Center, CA	285	89	11.0%
Barwick, GA	285	80	19.7%
Kensett, IA	285	82	18.3%
Plainville, IL	285	82	18.1%
New Castle, VA	285	101	0.6%