New Castle, IN Profile: Facts & Data


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New Castle, Indiana - Basic Facts

The City of New Castle had a population of 17,819 as of July 1, 2020. New Castle ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for New Castle is located at latitude 39.9289 and longitude -85.3702 in Henry County. The formal boundaries for the City of New Castle encompass a land area of 7.36 sq. miles and a water area of 0.02 sq. miles. Henry County is in the Eastern time zone (GMT -5). The elevation is 1,063 feet.

The City of New Castle (GNIS ID: 2395191) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of New Castle is located within Township of Henry, a minor civil division (MCD) of Henry County.

Alternate Unofficial Names for New Castle: Newcastle.


New Castle, IN Data & Demographics (As of July 1, 2020)


Total Population 17,819 (100%)
Population in Households 17,283 (97.0%)
Population in Families 13,139 (73.7%)
Population in Group Quarters1 536 ( 3.0%)
Population Density 2,424
Diversity Index2 16


Median Household Income $39,119
Average Household Income $50,133
% of Income for Mortgage4 8%
Per Capita Income $21,161
Wealth Index5 42


Total HU (Housing Units) 8,976 (100%)
Owner Occupied HU 4,295 (47.8%)
Renter Occupied HU 3,302 (36.8%)
Vacant Housing Units 1,379 (15.4%)
Median Home Value $74,881
Average Home Value $99,453
Housing Affordability Index3 301


Total Households 7,597
Average Household Size 2.27
Family Households 4,521
Average Family Size 3
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.


2010-2020 2020-2025
Population -0.16% -0.19%
Households -0.22% -0.2%
Families -0.3% -0.33%
Median Household Income   0.94%
Per Capita Income   1.4%
Owner Occupied HU   -0.28%


New Castle, IN - Peer Comparisons by Rank and Percentile

The table below compares New Castle to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 51 93rd
Population Density # 55 92nd
Median Household Income # 624 8th
Housing Affordability Index # 455 67th
Per Capita Income # 596 12th
Diversity Index # 220 67th

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.

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