New Castle, Pennsylvania Income Statistics
New Castle Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
New Castle Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | New Castle | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Household Income | $42,199 | $78,249 | $80,455 |
| Median Personal Income | $46,619 | $62,573 | $60,758 |
| Average Yearly Income Growth | 3.5% | 4.4% | 4.8% |
| Six-Figure Earners | 2.9% | 13.0% | 13.9% |
| $200k+ Households | 0.7% | 11.8% | 13.2% |
The median household income in New Castle is about 46% lower than in Pennsylvania. Income has been growing slower in New Castle (3.5%/yr) than in Pennsylvania (4.4%/yr).
About 3% of adults in New Castle earn six figures ($100,000 or more) a year, lower than the Pennsylvania average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in New Castle, Pennsylvania grew by 31.7% from 2009 to 2024, reaching $42,199 in 2024. That's an average of about 3.5% per year.
Income Inequality and the Gender Pay Gap in New Castle
| Metric | New Castle | Pennsylvania Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.514 | 0.537 | 0.552 |
| Male Median Income | $54,870 | $71,585 | $69,667 |
| Female Median Income | $44,620 | $57,854 | $56,850 |
| Gender Pay Gap | 18.7% | 19.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In New Castle, it is 0.514, lower than Pennsylvania's 0.537, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 23% more than women's income in New Castle, Pennsylvania. Over a 35-year career, a 23% wage gap accumulates to roughly $358,750 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in New Castle, Pennsylvania has narrowed from about 27% to 19% in 2024. Over that period the gap was widest at 32% in 2018, and was narrowest at 17% in 2022. In dollar terms, the gap has narrowed by $308 since 2009.
Employment
| Metric | New Castle | Pennsylvania Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 12.4% | 5.2% | 5.2% |
| Working from Home | 11.8% | 15.6% | 15.0% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 1,151 people are unemployed in New Castle, Pennsylvania.
The average commute time in New Castle is 16 minutes, shorter than the 22 minutes in Pennsylvania.
Unemployment Rate Over Time
Since 2011, the unemployment rate in New Castle, Pennsylvania has risen from 10.8% to 12.4% in 2024. Over that period the rate peaked at 15.5% in 2022 and fell as low as 9.7% in 2017.
Conclusion
Considering all these factors, New Castle, Pennsylvania has an overall wealth index grade of D, making it somewhat worse than Pennsylvania, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in New Castle, Pennsylvania.
How Rich Is New Castle, Pennsylvania?
New Castle has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $42,199, about 46% lower than the Pennsylvania average of $78,249.
How has median household income changed in New Castle, Pennsylvania?
Between 2009 and 2024, the median household income in New Castle, Pennsylvania rose 32%, from $32,041 to $42,199. Over the same years, income here lagged behind Pennsylvania as a whole: +32% against +57%.
What was the median household income in New Castle in 2023?
In 2023, the median household income in New Castle, Pennsylvania was $42,054, up 5% from $40,091 in 2022. The Pennsylvania median that year was $76,230.
What was the median household income in New Castle in 2020?
In 2020, the median household income in New Castle, Pennsylvania was $35,259. By 2024 it had risen 20% to $42,199.
Is unemployment high in New Castle, Pennsylvania?
Unemployment in New Castle, Pennsylvania is 12.4%, well above the Pennsylvania rate of 5.2%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in New Castle, Pennsylvania?
The Gini coefficient in New Castle is 0.514. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in New Castle, Pennsylvania?
Since 2009, the income gap between men and women in New Castle, Pennsylvania has narrowed from about 27% to 19% in 2024. Over that period the gap was widest at 32% in 2018, and was narrowest at 17% in 2022. In dollar terms, the gap has narrowed by $308 since 2009.
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