Cost of Living in New Castle, CO
Population 4,878 · Colorado · Data vintage 2023
(100 = US avg)
New Castle sits on the smaller end of the Colorado city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. An unemployment rate of 1.3% points to a labor market well on the tight side of the national distribution.
New Castle lies roughly 125 miles west of the nearest major metro, Boulder — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 50% lower than Boulder's $983,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in New Castle
The median home value in New Castle is $488,600 — 60% above the national median of $305,000. Median rent runs $1,627/month, 24% higher than the national median of $1,314/month. The median household income of $88,421/year is 19% higher than the US median of $74,580. The local unemployment rate is 1.3%, below the national average of 4.8%. Colorado's top state income tax rate is 4.4% and the combined sales tax is 7.8%. Overall, New Castle has a cost of living index of 146 versus the US average of 100, meaning it is 46% more expensive.
New Castle has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in New Castle, CO?
New Castle has a cost index of 146 (100 = national average). It is 46% above the national average.
What is average rent in New Castle, CO?
The median gross rent in New Castle is $1,627 per month based on 2023 Census data.
What is the average home price in New Castle?
The median home value in New Castle is $488,600 according to Zillow and Census data.
What is the median income in New Castle?
The median household income in New Castle is $88,421 per year (2023 ACS 5-year estimates).
What is the sales tax in New Castle, CO?
The combined state and local sales tax rate in New Castle is 7.8%. The Colorado state income tax top rate is 4.4%.
Is New Castle, CO affordable?
New Castle is above average in cost of living, with an index of 146 — about 46% higher than the national average.
New Castle at a Glance
- Population
- 4,878
- Median Income
- $88,421
- Home Value
- $488,600
- Median Rent
- $1,627/mo
- Unemployment
- 1.3%
- Sales Tax
- 7.8%
Nearby Cities
Explore county-level cost of living data
Colorado Rankings
Similar Cost Cities
Cities in other states with comparable housing costs