Housing costs in New Castle?
A typical home costs
$230,400, which is 31.9% less expensive than the national average of
$338,100 and 31.5% less expensive than the average Delaware home, at
$336,200. Renting a two-bedroom unit in New Castle costs
$1,360 per month, which is 4.9% cheaper than the national average of
$1,430 and 2.2% more than the state average of
$1,330.
Can I afford New Castle?
To live comfortably in New Castle, Delaware, a minimum annual income of
$44,280 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about New Castle?
New Castle, DE has a relatively low cost of living compared to other cities in the region. The overall cost of living index is just under 100, indicating that it is cheaper than most places in the area. Housing costs are especially affordable with an average rent for an apartment averaging around $1,000 per month and the median home price resting at approximately $195,000. Groceries and other necessities are also reasonably priced making it a great place for those looking to save money. In addition to this, many residents receive discounts on gas prices due to their proximity to major highways and roads. All in all, New Castle is an affordable city that allows its residents to stretch their budgets a bit further than many other areas.