Is New Castle, Delaware a Good Place To Live? - Living In New Castle, DE

Is New Castle, Delaware a good place to live?
New Castle is a city in Delaware state in USA with a population of 5302 residents.. The poverty rate of New Castle is 4.3%, which is 69% lower than national average. The typical household in New Castle earns $72951 a year, compared to the national median of $67,500. Nearly 33.5% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in New Castle, only 94% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of New Castle remained 2%, which is 57% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In New Castle, only 29% of adults have a bachelor's degree and 30% have some college but no degree.

Cost of living in New Castle is 110, which is 10% higher than national average. Median home value in New Castle is $211700 , which is 8% lower than national average. While median income in New Castle remained $72951, which is 8% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
5302
Unemployment
2%
57% NAT AVG.
Poverty
4.3%
69% NAT AVG.
Overall Score
7
Median Home Cost
$211700
8% NAT AVG.
Median Income
$72951
8% NAT AVG.
Median Rent
$1356
17% NAT AVG.
Cost Of Living
110
10% NAT AVG.
People Living BPL
1 in 23
Unemployed People
1 in 50
People Earning < $10,000
1 in 43
People Earning < $50,000
33.5%
People with <= High School
1 in 2.4
People With Any Degree
1 in 2.8
Pros & Cons Overview

Jobs85%

Housing85%

Affordability60%

Safety50%

Amenities80%

Diversity85%

Education80%

Commute80%