Newcastle 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.
Cost of living index9588100
Goods & Services index10097100
Groceries index9695100
Health care index9095100
Housing index9269100
Transportation index8590100
Utilities index10198100
Here we can see a simple outline of the cost of living in Newcastle, OK. As you can see, with the average cost of living in Newcastle, OK being 95, that puts it 9% higher than the average of Oklahoma and 5% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Newcastle, OK, the price of goods and services are 3% higher than the average of Oklahoma as well as equal to the nation's average.

Did you know?

  • The cost of living in Newcastle is 9% higher than the Oklahoma average.
  • The cost of living in Newcastle is 5% lower than the national average.
  • The cost of housing in Newcastle is 8% lower than the national average.
  • Oklahoma general sales tax is 12% lower than the national average.
  • Oklahoma state income tax is 78% lower than the national average.

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Compare Newcastle, OK Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Newcastle, OK to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Newcastle, OK, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Newcastle, OK salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Newcastle, OK, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Newcastle, OK, the median monthly income is $81,275 for those who own their own homes. Under the standard rule, that income level would allow for $1,896 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $40,000, per the median income in the area. That would allow for renters to spend up to $933 on monthly rental expenses.

Oklahoma Sales Tax

StateGeneral Sales TaxWith Max Surtax

Oklahoma Income Tax

StateIncome Tax (Low)Income Tax (High)
One thing to keep in mind when considering the cost of living in Newcastle, OK is the Oklahoma sales tax and Oklahoma 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 Oklahoma sales tax rate is 4.5% and the maximum surtax that can be charged is 11%. 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 Oklahoma income tax rates range from 0.5% to 5%.

Goods & Services

ItemNewcastleNational avg.Difference
Haircut $17.37$16.098.0%
Beauty Salon $27.37$37.3326.7%
Toothpaste $2.09$2.4514.5%
Shampoo $0.93$1.007.1%
Movie $9.92$10.283.5%
Bowling $11.92$4.93141.6%


ItemNewcastleNational avg.Difference
Ground Beef $3.58$3.805.9%
Fried Chicken $1.71$1.4022.4%
Milk $2.07$2.012.9%
Potatoes $3.18$3.015.6%
Pizza $9.99$9.891.1%
Beer $8.17$8.908.2%

Health Care

ItemNewcastleNational avg.Difference
Optometrist $89.54$102.1612.4%
Doctor $100.60$108.367.2%
Dentist $78.25$92.5315.4%
Ibuprofen $8.93$9.283.8%
Lipitor $397.26$425.826.7%


ItemNewcastleNational avg.Difference
Home Price $180,300.00$184,700.002.4%
Avg. Mortgage Payment $950.01$1,202.4421.0%
Apartment Rent $752.00$949.0020.8%


ItemNewcastleNational avg.Difference
Gasoline $1.98$2.2411.9%
Tire Balancing $36.31$46.2921.6%


ItemNewcastleNational avg.Difference
All Electricity$151.30$165.968.8%
Phone $32.75$28.6814.2%
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.
Valley Brook, OK80474-26%
Del City, OK21,96279-21%
Smith Village, OK7680-20%
Midwest City, OK56,93082-18%
Noble, OK6,66488-12%
Newcastle, OK9,03095-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Chatham, NJ9,03017777%
Tega Cay, SC9,02611717%
Northwest Harborcreek, PA9,03694-6%
Alderwood Manor, WA9,03714040%
Budd Lake, NJ9,03712020%
Newcastle, OK9,03095-5%
Source: The Newcastle, OK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.