New Castle, KY
Population 865 · Kentucky
About New Castle, KY
New Castle is a small community in Kentucky with a population of 865 residents. The median household income is $33,833 per year, which is below the national average. The median age in New Castle is 49.4 years.
Housing in New Castle has a median home value of $151,500 and median monthly rent of $704. Of the 446 total housing units, the majority are owner-occupied, with 199 owner-occupied and 163 renter-occupied units.
The unemployment rate in New Castle is 5.6% and the poverty rate is 21.2%. 17.6% of residents hold a bachelor's degree or higher. The average commute time is 24.5 minutes.
Cost of Living in New Castle, KY
Compared to national averages, New Castle has a median household income of $33,833 (55% below the national median of $75,149). Home values average $151,500, which is 38% below the national median. Monthly rent at $704 is 39% below the US average of $1,163. Within Kentucky, New Castle's income is 49% below the state average of $66,273, and home values are 17% below the state median of $182,504.
Why Live in New Castle, KY?
New Castle offers affordable housing with a median home value of $151,500, below the US average of $244,900, and rent that’s lower than the national average at $704/month, and short commute times averaging just 24.5 minutes.
Potential considerations include median household income ($33,833) 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 865 with a median age of 49.4 years. Compare New Castle with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near New Castle
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Camargo | 858 | $47,500 | $131,900 | Compare |
| Greenup | 880 | $45,625 | $122,700 | Compare |
| Bellemeade | 889 | $119,792 | $336,800 | Compare |
| Stamping Ground | 890 | $60,000 | $180,400 | Compare |
| Burnside | 819 | $56,563 | $173,200 | Compare |
| Elkhorn City | 911 | $58,021 | $105,100 | Compare |
| Pembroke | 817 | $69,196 | $190,600 | Compare |
| Perryville | 813 | $60,880 | $128,700 | Compare |
Demographics
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Economy & Education
Housing
Other Cities in Kentucky
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, KY?
The population of New Castle, KY is 865 according to the latest Census data.
What is the median household income in New Castle?
The median household income in New Castle, KY is $33,833 per year.
What is the median home value in New Castle?
The median home value in New Castle, KY is $151,500.
What is the average rent in New Castle?
The median monthly rent in New Castle, KY is $704.
What is the unemployment rate in New Castle?
The unemployment rate in New Castle, KY is 5.6%.