Boonville, IN vs New Castle, IN

New Castle is moderately more affordable than Boonville, with a 6.2% lower cost of living index. Boonville scores 69 compared to 65 for New Castle, where the US average is 100. This difference means residents of Boonville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Boonville is $835/month compared to $797/month in New Castle — a 5% difference. Home values follow the same pattern: New Castle is more affordable at $95,100 median vs $143,100.

Median household income in Boonville is $62,500 compared to $48,977 in New Castle (+27.6%). While Boonville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Boonville spend roughly 16% of their income on rent, less than the 19.5% in New Castle.