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New Castle, IN

Full City Profile · Indiana · Henry County County

2.9 /5.0
C+ Fair
17,356 Population 2,371/sq mi density
$48,977 Median Income $28,016 per capita
$95,100 Home Value $162,096 Zillow
$797 Median Rent 25.8% income on rent
50°F Avg Temperature 293 sunny days/yr
285 Violent Crime/100K 1,425 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.3 / 5.0
$48,977 median income, 3.3% unemployment
A+
Affordability
5.0 / 5.0
$95,100 home value, $797/mo rent
F
Safety
1.0 / 5.0
285 violent crimes/100K
C
Education
2.1 / 5.0
13.9% bachelor's degree or higher

Income Overview

Median Household Income
$48,977
35% below
US avg: $75,149
Per Capita Income
$28,016
28% below
US avg: $39,052
Unemployment Rate
3.3%
8% below
US avg: 3.6%
Poverty Rate
14.8%
19% above
US avg: 12.4%

Income Comparison: New Castle vs. U.S. Average

Each bar shows New Castle’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$48,977
65%
Per Capita
US: $39,052
$28,016
72%
IRS Avg AGI
US: $72,000
$58,262
81%
Avg Weekly Wage
US: $1,432
$926
65%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$926
35% below US avg ($1,432)
Mean Commute Time
20 min
29% below US avg (28 min)
Work From Home
7.4%
51% below US avg (15.2%)
Drive Alone
76.7%
5% above US avg (73.2%)
Public Transit
0.2%
96% below US avg (5.0%)
County GDP
$2,018M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 76.7%
Public Transit 0.2%
Work From Home 7.4%
Other 15.7%
Average commute time
20 minutes
US avg: 28 min

Business Landscape

Total Establishments
893
Restaurants
80
Healthcare
95
Retail
138
Manufacturing
51

Tax & Financial

IRS Avg Adjusted Gross Income
$58,262
19% below US avg ($72,000)
Avg Property Tax
$2,909
17% below US avg ($3,500)
Cost of Living Index
93.3
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$48,977
Per Capita Income$28,016
IRS Avg Adjusted Gross Income$58,262
Avg Weekly Wage$926
County GDP$2,018M

Hardship Indicators

Unemployment Rate3.3%
Poverty Rate14.8%
Gini Coefficient0.427
Cost of Living Index93.3

Commute

Mean Commute20 minutes
Drive Alone76.7%
Public Transit0.2%
Work From Home7.4%

Businesses

Total Establishments893
Restaurants80
Healthcare95
Retail138
Manufacturing51

Tax

IRS Avg AGI$58,262
Avg Property Tax$2,909