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Garrett, IN vs New Castle, IN

68
Garrett
Indiana
VS
+6%
65
New Castle
Indiana

New Castle is moderately more affordable than Garrett, with a 6% lower cost of living index. Garrett scores 68 compared to 65 for New Castle, where the US average is 100. This difference means residents of Garrett can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Garrett is $836/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 $142,800.

Median household income in Garrett is $65,611 compared to $48,977 in New Castle (+34%). While Garrett is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Garrett spend roughly 15.3% of their income on rent, less than the 19.5% in New Castle.

Income & Cost

Cost of Living Index
Garrett
68
New Castle
65
6% cheaper
Median Household Income
Garrett
$65,611
25% higher
New Castle
$48,977

Housing

Median Rent
Garrett
$836
New Castle
$797
5% cheaper
Median Home Value
Garrett
$142,800
New Castle
$95,100
33% cheaper
Population
Garrett
6,540
New Castle
17,356

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Garrett $2.91
New Castle
US $3.07
🥚
Eggs (grade A, large)
Garrett $2.37
New Castle
US $2.50
🥛
Milk (whole)
Garrett $3.82
New Castle
US $4.03
🍞
Bread (white)
Garrett $1.75
New Castle
US $1.85
🍗
Chicken breast
Garrett $3.93
New Castle
US $4.14
Electricity
Garrett $0.16
New Castle
US $0.19