New Castle, KY vs St. Charles, KY

New Castle, KY and St. Charles, KY have a very similar cost of living, with only a 3.4% difference in their overall index. New Castle scores 66 while St. Charles scores 64 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 $704/month compared to $913/month in St. Charles — a 23% difference. Interestingly, home values tell a different story: while New Castle has cheaper rent, St. Charles actually has lower median home values ($54,500 vs $151,500).

Median household income in New Castle is $33,833 compared to $40,000 in St. Charles (-15.4%). St. Charles 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, less than the 27.4% in St. Charles.