New Castle, IN vs Tell City, IN

New Castle, IN and Tell City, IN have a very similar cost of living, with only a 3.9% difference in their overall index. New Castle scores 65 while Tell City 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 $646/month in Tell City — a 23% difference. Interestingly, home values tell a different story: while Tell City has cheaper rent, New Castle actually has lower median home values ($95,100 vs $121,200).

Median household income in New Castle is $48,977 compared to $50,702 in Tell City (-3.4%). Tell City offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of New Castle spend roughly 19.5% of their income on rent, more than the 15.3% in Tell City.