New Castle, PA vs Palmyra, PA

There is a significant gap in the cost of living between these two cities. New Castle is 27.4% cheaper than Palmyra. With a cost index of 60 vs 83, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Castle to Palmyra should plan for substantially higher expenses across most categories.

On the housing front, median rent in New Castle is $698/month compared to $1,058/month in Palmyra — a 34% difference. Home values follow the same pattern: New Castle is more affordable at $72,000 median vs $211,900.

Median household income in New Castle is $41,478 compared to $71,018 in Palmyra (-41.6%). While Palmyra 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 20.2% of their income on rent, more than the 17.9% in Palmyra.