| Index | New Albany | Ohio | National |
| Cost of living | 145 | 89 | 100 |
| Groceries | 98 | 97 | 100 |
| Health care | 98 | 96 | 100 |
| Housing | 258 | 74 | 100 |
| Transportation | 96 | 96 | 100 |
| Utilities | 96 | 96 | 100 |
| Lifestyle & Entertainment | 99 | 95 | 100 |
| Household Items | 97 | 97 | 100 |
| Education & Childcare | 92 | 93 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in New Albany? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in New Albany stands at 145, making it 45% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
If you value affordability in your search for a new place to live, New Albany may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, New Albany falls into this category, which may not align with your desire for an affordable place to call home.
Housing costs make up a big chunk of the cost of living in New Albany, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 157.5% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
The real experts on a city are its residents. That's why we reached out to 5 locals to get their views on the cost of living in New Albany. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 40% found it budget-friendly with decreasing prices, while 60% said it's simply not affordable as prices have continued to rise.
Is New Albany an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in New Albany is 185% higher than the national average, while the average monthly rent prices are 93.4% higher than average. The affordability of any location can also be influenced by median income levels. New Albany has a median household income of $303,120, which is 272.7% higher than the national average.
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in New Albany, is 157.5% higher than the national average.
Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In New Albany, the groceries index is 2.4% lower than the national average.
The New Albany cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $316,935 | $26,411 | $7,395 | $9,509 |
| Renters | $154,643 | $12,887 | $3,608 | $4,640 |
| State | General Sales Tax | With Max Surtax |
| Ohio | 5.75% | 8% |
| State | Income Tax (Low) | Income Tax (High) |
| Ohio | 2.76% | 3.99% |
| City | Population | Cost of Living Index | National Avg. |
| Hartford, OH | 362 | 86 | 14.4% |
| Whitehall, OH | 19,429 | 87 | 13.0% |
| Kirkersville, OH | 568 | 89 | 11.1% |
| Blacklick Estates, OH | 10,313 | 91 | 9.4% |
| Valleyview, OH | 697 | 91 | 8.6% |
| New Albany, OH | 11,385 | 145 | 44.9% |
| City | Population | Cost of Living Index | National Avg. |
| Westwood Lakes, FL | 11,389 | 129 | 28.9% |
| Sonoma, CA | 11,378 | 193 | 92.7% |
| Minooka, IL | 11,378 | 111 | 10.9% |
| Pebble Creek, FL | 11,377 | 120 | 20.2% |
| Yorktown, IN | 11,393 | 90 | 10.3% |
| New Albany, OH | 11,385 | 145 | 44.9% |
Here are the best places to live in Ohio
Safest Cities In The US
Check out the 10 safest cities in Ohio
These are the 10 cheapest cities in Ohio