Newcastle, OK
Population 12,238 · Oklahoma
About Newcastle, OK
Newcastle is a mid-sized city located in Oklahoma with a population of 12,238 residents according to the latest US Census Bureau American Community Survey data. The median household income is $97,315 per year, which is 29% above the national median of $75,149. The median age of 40.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Newcastle features a median home value of $255,100, which is 4% above the national median of $244,900. This positions Newcastle in a moderately priced market relative to the rest of the country. Median monthly rent is $1,020, 12% below the national average of $1,163/month. Of the 4,840 total housing units, 82% are owner-occupied (3,844 units) and 18% are renter-occupied (819 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Newcastle shows an unemployment rate of 3.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Newcastle have an average one-way commute time of 28.1 minutes.
Education & Demographics
34.6% of Newcastle residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 4.9% White, 11.3% Hispanic or Latino, 0.1% Black or African American, and 1.7% Asian residents, with 2.8% of the population being foreign-born.
How Newcastle Ranks in Oklahoma
Cost of Living in Newcastle, OK
Compared to national averages, Newcastle has a median household income of $97,315 (29% above the national median of $75,149). Home values average $255,100, which is 4% above the national median. Monthly rent at $1,020 is 12% below the US average of $1,163. Within Oklahoma, Newcastle's income is 73% above the state average of $56,382, and home values are 113% above the state median of $119,992.
Why Live in Newcastle, OK?
Newcastle offers a strong local economy with a median household income of $97,315, well above the national average, and rent that’s lower than the national average at $1,020/month, and a strong job market with an unemployment rate of just 3.5%. Additionally, the city features a well-educated community where 34.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.6%, better than the national average.
Newcastle has a population of 12,238 with a median age of 40.1 years. Compare Newcastle with other cities to see how it stacks up, or explore all cities in Oklahoma.
Similar Cities Near Newcastle
Cities in Oklahoma with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Choctaw | 12,208 | $96,446 | $223,900 | Compare |
| Weatherford | 12,014 | $50,250 | $233,700 | Compare |
| Woodward | 11,976 | $60,720 | $164,200 | Compare |
| Guymon | 12,596 | $57,051 | $171,800 | Compare |
| Miami | 12,960 | $45,900 | $102,600 | Compare |
| Elk City | 11,406 | $49,500 | $165,300 | Compare |
| Okmulgee | 11,370 | $39,060 | $90,200 | Compare |
| Guthrie | 11,021 | $54,640 | $176,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oklahoma
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, OK?
The population of Newcastle, OK is 12,238 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Oklahoma.
What is the median household income in Newcastle?
The median household income in Newcastle, OK is $97,315 per year, which is 29% above the national median of $75,149.
What is the median home value in Newcastle?
The median home value in Newcastle, OK is $255,100, which is 4% above 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, OK is $1,020, which is 12% below the national average of $1,163/month.
What is the unemployment rate in Newcastle?
The unemployment rate in Newcastle, OK is 3.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Newcastle, OK a good place to live?
Newcastle offers above-average incomes, a competitive housing market, and a strong job market. With a population of 12,238 and a median age of 40.1, the city appeals to a broad range of residents.
How educated is Newcastle, OK?
34.6% 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, OK: median home value is $255,100 (4% above national), median rent is $1,020/month, and median household income is $97,315. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Newcastle?
The poverty rate in Newcastle, OK is 3.6%, 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, OK?
Newcastle's population is 4.9% White, 11.3% Hispanic or Latino, 0.1% Black or African American, 1.7% Asian, and 1.9% two or more races. 2.8% of residents are foreign-born.