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.
Crime
This area reports elevated crime rates per 100,000 individuals, potentially pointing some areas being unsafe for its residents. Stats are based on both property and violent crimes.
New Albany is a mid-sized city located in the state of Indiana. The city has a population of 36,730 residents. At 85%, the majority of the New Albany population is White; this is followed by 9% Black and 1% Asian. New Albany is very likely to be a great place to live for singles as only 47%, of the population (over fifteen) are classified as married. If you prefer shorter commutes, living in New Albany will be a delight. With an average one-way commute time of just 20 minutes, traveling to and from work is notably more convenient than the national average, which stands at 26 minutes.
Living in New Albany can be a great experience for anyone moving to the town. Having said that, in the state of Indiana, there are many amazing 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. With useful information like crime, commute, health & safety, education 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, IN receives 69/100 for its livability score; this results in a ranking of #115 in Indiana and #6,726 in the USA. If we take a closer look at each of the categories individually, we see that New Albany ranks well 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).
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 $128,700, which is 1.7% 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 2.6, which is 4% higher than the Indiana average.
| 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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