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Apartments For Rent in New Castle, DE

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Apartments for Rent in New Castle, DE

New Castle is a small town in Delaware with slightly more than 5,000 residents. Retirees are common, as they account for 21% of the population compared to 14% nationally, while young adults feature less prominently in the demographics. Overall, the town's population, at an average age of just under 45, skews older than most cities in Delaware. Most New Castle residents own their homes, and 35% of residents rent. Relatively high rent costs could be a factor, as the average rent of $1,225 per month is substantially higher than the state average of $1,093.

Many New Castle residents work in one of two industries: finance and healthcare. Together, these industries make up 13% of the labor force in the town. Meanwhile, in terms of job function, many of the town's residents work in sales, making it the top field in the town. New Castle workers take home an average annual income of around $74K, roughly the same as the average Delaware resident. New Castle's average income also is fairly average compared to the national level of $73,345. New Castle has a relatively large number of residents older than 25 who have advanced degrees compared to the national average (7%), as 9% possess a Master's degree or a Doctorate. In addition, 10% possess a Bachelor's degree.

New Castle has an average commute time of about 26 minutes. Many residents (44%) drive themselves to work, while public transit is not used extensively. Relatively few residents walk to work.