Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
New Albany, Indiana is a moderately-sized city with a population of 37,605 inhabitants. The majority of New Albany residents report their race to be White; this is followed by Black and Asian. In New Albany, only 47% of people over the age of fifteen are married. This city could be a good option for singles ready to mingle. If you're not a fan of traffic congestion and long commute times to work, New Albany is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 20 minutes, significantly lower than the national average of 26 minutes.
Living in New Albany can be a fulfilling experience for anyone moving to the area. Having said that, in the state of Indiana, there are many incredible places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. To help you find the best places to live in and around New Albany, AreaVibes has created a livability score using key metrics like amenities, commute, health & safety, employment and more.
The livability score in New Albany is 71/100 and the city is ranked in the 77th percentile of all cities across America. There are nine total categories that generate the livability score. New Albany ranks well for cost of living (A+) and housing (A+) New Albany does not score well for the following: amenities (F), crime (D-) and education (D). It might be a smart idea to take a closer look at each category to find out why.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. New Albany excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in New Albany is actually affordable. Median real estate prices in New Albany come in at $235,762, which is 3.9% higher than the Indiana average. The home price to income ratio compares the median home prices to the median household income. In New Albany, the home price to income ratio is 3.2, which is 6.7% higher than the Indiana average.
Why stop at city-to-city? With Local Insights, you can compare neighborhoods, zip codes, or even exact addresses. Access 300+ hyperlocal data points—from schools and crime to housing and amenities—to see which area is the better fit.
| Statistic | New Albany | Indiana | National |
| Average one way commute | 20min | 23min | 26min |
| Workers who drive to work | 85.8% | 83.0% | 76.4% |
| Workers who carpool | 6.4% | 8.9% | 9.3% |
| Workers who take public transit | 0.9% | 1.1% | 5.1% |
| Workers who bicycle | 0.1% | 0.5% | 0.6% |
| Workers who walk | 2.3% | 2.1% | 2.8% |
| Working from home | 4.3% | 3.5% | 4.6% |
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