New Castle, IN
Population 17,356 · Indiana
About New Castle, IN
New Castle is a mid-sized city in Indiana with a population of 17,356 residents. The median household income is $48,977 per year, which is below the national average. The median age in New Castle is 41.1 years.
Housing in New Castle has a median home value of $95,100 and median monthly rent of $797. Of the 8,560 total housing units, the majority are owner-occupied, with 4,524 owner-occupied and 2,671 renter-occupied units.
The unemployment rate in New Castle is 5.7% and the poverty rate is 18.5%. 13.9% of residents hold a bachelor's degree or higher. The average commute time is 19.7 minutes.
How New Castle Ranks in Indiana
Cost of Living in New Castle, IN
Compared to national averages, New Castle has a median household income of $48,977 (35% below the national median of $75,149). Home values average $95,100, which is 61% below the national median. Monthly rent at $797 is 31% below the US average of $1,163. Within Indiana, New Castle's income is 29% below the state average of $69,330, and home values are 42% below the state median of $163,409.
Why Live in New Castle, IN?
New Castle offers affordable housing with a median home value of $95,100, below the US average of $244,900, and rent that’s lower than the national average at $797/month, and short commute times averaging just 19.7 minutes.
Potential considerations include median household income ($48,977) that falls below the national average. However, New Castle’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Castle has a population of 17,356 with a median age of 41.1 years. Compare New Castle with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near New Castle
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lebanon | 17,575 | $63,773 | $179,200 | Compare |
| Huntington | 17,026 | $51,220 | $104,300 | Compare |
| Logansport | 17,766 | $46,363 | $84,600 | Compare |
| Vincennes | 16,676 | $50,238 | $98,700 | Compare |
| Warsaw | 16,592 | $57,170 | $175,300 | Compare |
| Jasper | 16,421 | $65,283 | $203,300 | Compare |
| Crawfordsville | 16,408 | $49,327 | $134,100 | Compare |
| Dyer | 16,400 | $101,183 | $288,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Castle
What is the population of New Castle, IN?
The population of New Castle, IN is 17,356 according to the latest Census data.
What is the median household income in New Castle?
The median household income in New Castle, IN is $48,977 per year.
What is the median home value in New Castle?
The median home value in New Castle, IN is $95,100.
What is the average rent in New Castle?
The median monthly rent in New Castle, IN is $797.
What is the unemployment rate in New Castle?
The unemployment rate in New Castle, IN is 5.7%.