New Castle, IN vs Portland, IN

New Castle, IN and Portland, IN have a very similar cost of living, with only a 4.3% difference in their overall index. New Castle scores 65 while Portland scores 62 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in New Castle is $797/month compared to $722/month in Portland — a 10% difference. Home values follow the same pattern: Portland is more affordable at $90,600 median vs $95,100.

Median household income in New Castle is $48,977 compared to $45,431 in Portland (+7.8%). While New Castle is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of New Castle spend roughly 19.5% of their income on rent, more than the 19.1% in Portland.