Cost of Living in New Castle, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
77.8
100 = national avg
-22.2 vs national average
Living Wage (1 Adult)
$34,220
per year
Living Wage (Family of 4)
$80,885
per year
Cost Index by Category
Housing70.2
Food87.4
Transportation74.9
Healthcare89.9
Utilities86.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$775
per month
2 Bedroom
$956
per month
The overall cost of living index in New Castle is 77.8, which is 22.2% below the national average. Housing costs are below the national average at an index of 70.2. A single adult needs to earn approximately $34,220 per year to cover basic expenses.