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Can A Registered Nurse Afford Rent in New Castle, IN?

Comfortably affordable — rent takes 10.4% of gross income.

New Castle rent: June 2026. Salary: BLS OEWS May 2024 (Indiana state estimate).

New Castle median rent
$756/mo
Registered Nurse salary (Indiana)
$86,922/yr
Rent as % of income
10.4%
Gross monthly income works out to about $7,244, and the 30% rule supports up to $2,173/mo in rent. New Castle's median rent of $756 leaves roughly $1,417/mo of headroom under that threshold. A registered nurse works roughly 18.1 hours a month to cover that rent.

About rent and a registered nurse salary

Rent is the single largest fixed cost most renters carry, and the rent-to-income ratio is the simplest measure of whether a city is livable on a given salary. For renters earning a typical registered-nurse income, the 30% rule supports about $2,360 a month in rent. That margin covers comfortable one-bedroom rent in the vast majority of US metros but tightens significantly in the highest-rent coastal cities, where rent can claim 40% or more of an RN paycheck. The per-city pages below show the local rent, the local nurse-pay estimate, and where that combination sits on the affordability scale.

Cheaper rent nearby

These Indiana cities have lower median rent than New Castle, which improves the affordability math on a registered nurse salary:

Frankfort, IN
$752/mo (10.4% of income)
Marion, IN
$731/mo (10.1% of income)
Anderson, IN
$724/mo (10% of income)

Compare with full rent data for New Castle

View full rent data for New Castle, IN →

Frequently asked questions

Can a registered nurse afford rent in New Castle, IN?

Median rent in New Castle is $756 a month. A typical registered nurse in Indiana earns about $86,922 a year, which makes that rent 10.4% of gross monthly income. Under the 30% rule, the answer is yes.

How much rent can a registered nurse afford in New Castle?

Using the 30% rule, a registered nurse salary in Indiana (~$86,922/yr) supports up to $2,173 a month in rent. New Castle's current median rent is $756/mo, which leaves a $1,417/mo buffer.

How many hours does a registered nurse work to cover rent in New Castle?

At an hourly equivalent of about $42 an hour, a registered nurse in Indiana works roughly 18.1 hours a month to cover New Castle's median rent of $756.

Where is rent cheaper than New Castle for a registered nurse?

Nearby Indiana cities with lower median rent include Frankfort ($752/mo), Marion ($731/mo), Anderson ($724/mo). Each shifts the affordability math materially on a registered nurse salary.

Methodology: Salary uses the BLS-derived Indiana state estimate from OEWS May 2024. Rent is the most recent ZORI monthly value for New Castle, IN. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.