Newcastle, California is a census-designated place located in Placer County with a population of 95658. The average rent for a two-bedroom apartment in this area is $2,010, which is significantly higher than the average rent throughout the US which is $1,430. This difference in prices reflects the cost of living in Newcastle as there are also higher grocery costs here compared to the national index of 100; Newcastle's grocery cost index stands at 110.
Newcastle has many local businesses that make up its economic landscape such as Newcastle Produce Co., Cupcakes & More Bakery, Miners Ravine Veterinary Hospital and Placer Valley Physical Therapy. These businesses offer services to locals and create job opportunities in the area.
Newcastle may be an expensive place to live due to its higher rent rates and overall cost of living when compared to other areas across the US. Despite its high price tag, it offers residents amenities that add value to their lives such as access to local shops and places of employment, excellent schools district, and recreational areas like Greenhills Park.
Newcastle (zip 95658) has an unemployment rate of 5.5%. The US average is 6.0%.
Newcastle (zip 95658) has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Newcastle (zip 95658)
- The Sales Tax Rate for Newcastle (zip 95658) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Newcastle (zip 95658) is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newcastle (zip 95658)
- The average income of a Newcastle (zip 95658) resident is $53,137 a year. The US average is $37,638 a year.
- The Median household income of a Newcastle (zip 95658) resident is $106,875 a year. The US average is $69,021 a year.