| Index | Newcastle | Oklahoma | National |
| Cost of living | 100 | 88 | 100 |
| Groceries | 98 | 96 | 100 |
| Health care | 93 | 95 | 100 |
| Housing | 111 | 70 | 100 |
| Transportation | 98 | 96 | 100 |
| Utilities | 94 | 96 | 100 |
| Lifestyle & Entertainment | 98 | 94 | 100 |
| Household Items | 98 | 97 | 100 |
| Education & Childcare | 88 | 93 | 100 |
Understanding the cost of living in Newcastle can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Newcastle cost of living index is 100, which is 0% equal to the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Newcastle are priced in a manner consistent with other areas. This means that residents of Newcastle can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Is Newcastle an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Newcastle is 22.9% higher than the national average, while the average monthly rent prices are 18.1% lower than average. The affordability of any location can also be influenced by median income levels. Newcastle has a median household income of $130,513, which is 60.5% higher than the national average.
Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Newcastle, is 10.6% higher than the national average.
Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Newcastle, the groceries index is 2.3% lower than the national average.
The cost of living estimates displayed for Newcastle are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $143,541 | $11,962 | $3,349 | $4,307 |
| Renters | $46,233 | $3,853 | $1,079 | $1,387 |
| State | General Sales Tax | With Max Surtax |
| Oklahoma | 4.5% | 11% |
| State | Income Tax (Low) | Income Tax (High) |
| Oklahoma | 0.25% | 4.75% |
| City | Population | Cost of Living Index | National Avg. |
| Valley Brook, OK | 938 | 79 | 20.6% |
| Smith Village, OK | 75 | 81 | 18.7% |
| Del City, OK | 22,594 | 84 | 15.6% |
| Midwest City, OK | 58,587 | 88 | 11.9% |
| Noble, OK | 7,170 | 93 | 7.1% |
| Newcastle, OK | 10,682 | 100 | 0.1% |
| City | Population | Cost of Living Index | National Avg. |
| Jefferson, LA | 10,681 | 98 | 2.3% |
| Progress Village, FL | 10,684 | 109 | 9.0% |
| Melvindale, MI | 10,685 | 86 | 14.1% |
| Vidalia, GA | 10,687 | 89 | 10.8% |
| Granbury, TX | 10,690 | 105 | 4.6% |
| Newcastle, OK | 10,682 | 100 | 0.1% |
Here are the best places to live in Oklahoma
Most Dangerous Cities In The US
Safest Cities In The US
See the best places to live in Newcastle