Employment
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Cost Of Living
Living in this region comes with a high cost of living, translating to elevated costs for homes, goods and services, groceries, utilities, health care and transportation.
Health & Safety
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
Located in the state of Colorado, New Castle is a small-sized city with a population of 4,877 inhabitants. If we take a look at the last Census, the vast majority of the population falls within one racial group (89% White). Given that fact, New Castle could be considered less diverse than other cities. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in New Castle entails a longer-than-average one-way commute time, averaging 31 minutes.
If you’re considering moving to any new city, it could be a very intimidating task. However, it could also be a good experience if you are willing to get to know the area before actually living in New Castle, Colorado. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. Finding the best places to live in New Castle and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, crime, cost of living, commute, housing and other important metrics.
The livability score in New Castle is 72/100 and the city is ranked in the 84th percentile of all cities across America. If we take a closer look at each of the categories on their own, we see that New Castle ranks well for crime (A+), employment (A+) and housing (A+). There is at least one category that does not have great scores in New Castle. The following was graded with a discouraging score: amenities (F) and cost of living (F).
The unemployment rate in New Castle has consistently declined over the years and currently stands well below the national average at 1.68%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their New Castle apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
New Castle real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in New Castle. Median real estate prices in New Castle come in at $384,800, which is 45.4% higher than the Colorado average. The home price to income ratio compares the median home prices to the median household income. In New Castle, the home price to income ratio is 4.7, which is 11.9% higher than the Colorado average.
| Statistic | New Castle | Colorado | National |
| Average one way commute | 31min | 25min | 26min |
| Workers who drive to work | 74.6% | 75.2% | 76.4% |
| Workers who carpool | 13.2% | 9.3% | 9.3% |
| Workers who take public transit | 5.6% | 3.1% | 5.1% |
| Workers who bicycle | 0.0% | 1.3% | 0.6% |
| Workers who walk | 1.6% | 3.0% | 2.8% |
| Working from home | 4.4% | 7.0% | 4.6% |
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