Newcastle, NE vs Waterloo, NE

There is a significant gap in the cost of living between these two cities. Newcastle is 28.5% cheaper than Waterloo. With a cost index of 60 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Newcastle to Waterloo should plan for substantially higher expenses across most categories.

On the housing front, median rent in Newcastle is $663/month compared to $1,125/month in Waterloo — a 41% difference. Home values follow the same pattern: Newcastle is more affordable at $101,800 median vs $218,400.

Median household income in Newcastle is $76,250 compared to $75,417 in Waterloo (+1.1%). Newcastle offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Newcastle spend roughly 10.4% of their income on rent, less than the 17.9% in Waterloo.

Climate-wise, Waterloo is notably warmer with an average of 52.4°F compared to 48.7°F in Newcastle. Waterloo receives more rainfall at 31.9" per year compared to 28.7" in Newcastle.