Cost of Living in Newcastle, TX

With a cost of living index of 52, Newcastle, TX is one of the most affordable cities in the country. Living here is 48% cheaper than the national average and 35% below the Texas state average of 88. Newcastle is a small community of 614 residents.

Housing costs are the biggest factor in Newcastle's cost of living. The median monthly rent is $521 (61% below the US median of $1,319), and the median home value sits at $40,500 (87% below the national median of $304,900). At current prices, the median home costs roughly 0.6x the median household income — well within traditional affordability guidelines.

The median household income in Newcastle is $63,750, which is 15% lower than the national median of $75,149. Residents spend roughly 10% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Newcastle. The area sees an average annual temperature of 65.1°F, with summers averaging 82°F and winters around 47°F. Annual rainfall totals 31.8 inches spread over roughly 77 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.