Newcastle, OK, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Newcastle stands at 88, which is 12% below the national benchmark of 100. This lower cost of living makes Newcastle an attractive option for job seekers looking to maximize their purchasing power.
Specifically, housing costs in Newcastle are 20% below the national average, while groceries and utilities are slightly above average. Transportation and healthcare costs are also below the national average, providing additional savings. This combination of lower costs across several key areas makes Newcastle a financially viable choice for many.
The cost of living in Newcastle, OK, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Newcastle stand at 80, which is 20% lower than the national average. This makes housing more affordable for residents and job seekers, offering potential savings on one of the largest monthly expenses.
Additionally, the grocery cost index in Newcastle is 90, indicating a 10% lower expense compared to the national average. This affordability extends to other areas as well, with utilities at 95, transportation at 85, healthcare at 88, and miscellaneous costs at 92. Each of these categories shows that Newcastle provides a cost-effective living environment, with most expenses being slightly below the national average. This makes Newcastle an attractive option for those looking to manage their budget effectively while maintaining a good quality of life.
