New Albany is a medium-sized city located in the state of Indiana. The city has a population of 36,622 inhabitants. If we take a look at the last Census, the vast majority of the population falls within one racial group (85% White). Given that fact, New Albany could be considered less diverse than other cities. If you are not a fan of long commutes, you will enjoy living in New Albany. With average one way commute time of only 20 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Whether you’re moving to a new area to be closer to family, friends or for a new job, living in New Albany could be a positive experience compared to other cities in Indiana if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. With useful information like cost of living, health & safety, housing and other key data points, finding the best places to live in New Albany and in the areas around New Albany is a much easier task.
New Albany has a livability score of 69/100 and is ranked #130 in Indiana and #7,211 in the USA. Based on the grades for each individual category, New Albany has received high marks for cost of living (A+) and housing (A-). There is at least one category that does not have great scores in New Albany. The following was graded with a concerning score: amenities (F), crime (D-), education (D) and employment (D).
Finding affordable real estate and apartments for rent in New Albany can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
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. The median home price for New Albany homes is $110,500, which is 12.6% lower than the Indiana average. If we take a closer look at the affordability of homes in New Albany, we’ll see that the home price to income ratio is 2.7, which is 8% higher than the Indiana average.
|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%|