New Castle, KY vs Salt Lick, KY

Salt Lick is moderately more affordable than New Castle, with a 6.7% lower cost of living index. New Castle scores 66 compared to 62 for Salt Lick, where the US average is 100. This difference means residents of New Castle can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in New Castle is $704/month compared to $693/month in Salt Lick — a 2% difference. Home values follow the same pattern: Salt Lick is more affordable at $111,300 median vs $151,500.

Median household income in New Castle is $33,833 compared to $48,750 in Salt Lick (-30.6%). Salt Lick 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 25% of their income on rent, more than the 17.1% in Salt Lick.