Cost of Living in New Castle, VA

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A
5%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
9%
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 Virginia National
Cost of living105111100
Groceries103103100
Health care102103100
Housing109129100
Transportation103105100
Utilities104104100
Lifestyle & Entertainment105103100
Household Items104102100
Education & Childcare103109100
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Homes For Sale In New Castle, VA

property for sale

51 Railroad Ave

New Castle, VA
property for sale

93 Forest Ave

New Castle, VA
property for sale

36 Railroad Ave

New Castle, VA
property for sale

293 Holcombe Ave

New Castle, VA

Cost Of Living Quick Facts

  • The cost of living in New Castle is 6% lower than the Virginia average
  • The cost of living in New Castle is 5% higher than the national average
  • New Castle housing is 9% 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

Most Affordable Places to Live in and Around New Castle

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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$223,825$18,652$5,222$6,715
      Renters$28,804$2,400$672$864

      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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Hollins, VA15,5011021.7%
      Troutville, VA4191044.2%
      Salem, VA26,0711054.6%
      Laymantown, VA1,8841098.9%
      Fincastle, VA7351109.9%
      New Castle, VA2921055.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Kalihiwai, HI292207107.3%
      Deep River, IA2927921.4%
      Kensett, IA2928316.8%
      Buncombe, IL2928317.5%
      Plainville, IL2928218.5%
      New Castle, VA2921055.1%
      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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