Newcastle, NE
Population 329 · Nebraska
About Newcastle, NE
Newcastle is a small community located in Nebraska with a population of 329 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,250 per year, which is 1% above the national median of $75,149. The median age of 57.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Newcastle features a median home value of $101,800, which is 58% below the national median of $244,900. This makes Newcastle one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $663, 43% below the national average of $1,163/month. Of the 195 total housing units, 88% are owner-occupied (141 units) and 12% are renter-occupied (19 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Newcastle shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Newcastle have an average one-way commute time of 24.2 minutes.
Education & Demographics
46.2% of Newcastle residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 3.0% Hispanic or Latino, 0.0% Black or African American, and 1.8% Asian residents, with 0.6% of the population being foreign-born.
How Newcastle Ranks in Nebraska
Cost of Living in Newcastle, NE
Compared to national averages, Newcastle has a median household income of $76,250 (1% above the national median of $75,149). Home values average $101,800, which is 58% below the national median. Monthly rent at $663 is 43% below the US average of $1,163. Within Nebraska, Newcastle's income is 16% above the state average of $65,895, and home values are 19% below the state median of $125,824.
Why Live in Newcastle, NE?
Newcastle offers a strong local economy with a median household income of $76,250, well above the national average, and affordable housing with a median home value of $101,800, below the US average of $244,900, and rent that’s lower than the national average at $663/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 46.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.4%, better than the national average, and short commute times averaging just 24.2 minutes.
Newcastle has a population of 329 with a median age of 57.5 years. Compare Newcastle with other cities to see how it stacks up, or explore all cities in Nebraska.
Similar Cities Near Newcastle
Cities in Nebraska with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Benedict | 330 | $60,938 | $94,100 | Compare |
| Platte Center | 327 | $74,833 | $118,900 | Compare |
| Polk | 331 | $53,182 | $80,300 | Compare |
| Table Rock | 327 | $52,500 | $64,200 | Compare |
| Wilcox | 331 | $75,357 | $111,100 | Compare |
| Chapman | 325 | $89,000 | $114,300 | Compare |
| Beaver Crossing | 324 | $65,357 | $132,700 | Compare |
| Orleans | 335 | $60,000 | $55,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Nebraska
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Newcastle With Other Cities
Frequently Asked Questions about Newcastle
What is the population of Newcastle, NE?
The population of Newcastle, NE is 329 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Nebraska.
What is the median household income in Newcastle?
The median household income in Newcastle, NE is $76,250 per year, which is 1% above the national median of $75,149.
What is the median home value in Newcastle?
The median home value in Newcastle, NE is $101,800, which is 58% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Newcastle?
The median monthly rent in Newcastle, NE is $663, which is 43% below the national average of $1,163/month.
What is the unemployment rate in Newcastle?
The unemployment rate in Newcastle, NE is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Newcastle, NE a good place to live?
Newcastle offers above-average incomes, affordable housing, and a strong job market. With a population of 329 and a median age of 57.5, the city appeals to established professionals and retirees.
How educated is Newcastle, NE?
46.2% of residents in Newcastle aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Newcastle?
Key cost-of-living indicators for Newcastle, NE: median home value is $101,800 (58% below national), median rent is $663/month, and median household income is $76,250. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Newcastle?
The poverty rate in Newcastle, NE is 2.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Newcastle, NE?
Newcastle's population is 0.0% White, 3.0% Hispanic or Latino, 0.0% Black or African American, 1.8% Asian, and 0.0% two or more races. 0.6% of residents are foreign-born.