Newcastle, OK Cost Of Living
Cost Of Living In Newcastle, OK Summary
Cost of living in Newcastle research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Newcastle is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Oklahoma, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Newcastle is 92, with 100 being the average.
The cost of living index in Newcastle is 0.9x lower than the national average.
Newcastle ranks as the #65 cheapest in Oklahoma out of 74.
Newcastle ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Newcastle is $216,900.
The median income in Newcastle is $86,907.
Table Of Contents
Newcastle's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Newcastle, OK?
According to the most recent data on the cost of living, Newcastle has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Oklahoma, Newcastle has a cost of living index that's 1.1x higher than Oklahoma's index of 86.
The standard of living in Newcastle ranks as #65 most affordable out of the 74 places we measured in Oklahoma. By definition, that implies Newcastle ranks as the #9 most expensive place in the Sooner State.
For more reading on life in Newcastle, check out:
- Living In Newcastle
- Newcastle Crime Report
- Search Homes For Sale In Newcastle, OK
In Oklahoma
In America
Newcastle Cost Of Living Vs. Oklahoma
Six factors go into calculating the cost of living index in Newcastle. Here is how it fairs on each of the criteria:
The Services index in Newcastle is 93.
The Groceries index in Newcastle is 96.
The Health index in Newcastle is 115.
The Housing index in Newcastle is 90.
The Transportation index in Newcastle is 99.
The Utilities index in Newcastle is 95.
| Living Expense | Newcastle | Oklahoma | National Average | |
|---|---|---|---|---|
| Overall | 92 | 86 | 100 | |
| Services | 93 | 92 | 100 | |
| Groceries | 96 | 94 | 100 | |
| Health | 115 | 92 | 100 | |
| Housing | 90 | 70 | 100 | |
| Transportation | 99 | 90 | 100 | |
| Utilities | 95 | 97 | 100 | |
Newcastle, OK Housing Cost Breakdown
Housing swings affordability the most between places in Oklahoma, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Newcastle is $216,900.
The Median Rent in Newcastle is $821.
The Median Income in Newcastle is $86,907.
The Home Value To Income in Newcastle is 2.5x.
The Rent To Monthly Income in Newcastle is 0.11x.
| Statistic | Newcastle | Oklahoma | United States |
|---|---|---|---|
| Median Home Value | $216,900 | $150,800 | $244,900 |
| Median Rent | $821 | $862 | $1,163 |
| Median Income | $86,907 | $56,956 | $69,021 |
| Home Value To Income | 2.5x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.11x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Newcastle, OK Costs By Category
Detailed Newcastle Services Costs Vs. Oklahoma
Detailed Newcastle Groceries Costs Vs. Oklahoma
Detailed Newcastle Health Costs Vs. Oklahoma
Detailed Newcastle Transportation Costs Vs. Oklahoma
Detailed Newcastle Utilities Costs Vs. Oklahoma
Newcastle SnackAbility
/10
Cost Of Living In Cities Around Newcastle
The cost of living varies in the cities and towns around Newcastle. Here's a quick look at the cost of living in the most populous nearby places:
Norman, OK has a cost of living index of 95, 1.0x Newcastle.
Moore, OK has a cost of living index of 88, 1.0x Newcastle.
Bethany, OK has a cost of living index of 87, 0.9x Newcastle.
| City | Population | Cost Of Living | Vs. Newcastle |
|---|---|---|---|
| Norman, OK | 125,745 | 95 | 1.0x |
| Moore, OK | 62,633 | 88 | 1.0x |
| Bethany, OK | 20,542 | 87 | 0.9x |
| Mustang, OK | 19,847 | 91 | 1.0x |
| Warr Acres, OK | 10,443 | 85 | 0.9x |
| Blanchard, OK | 8,511 | 95 | 1.0x |
| Tuttle, OK | 7,412 | 95 | 1.0x |
| Noble, OK | 7,078 | 88 | 1.0x |
| Purcell, OK | 6,506 | 86 | 0.9x |
