Everything You Should Know Before Moving to New Albany, IN
Thinking of moving to New Albany, IN? With a population of nearly 38,000, New Albany offers affordable living with median home prices around $172,000 and average rents near $970. Residents enjoy a quick average commute of 22 minutes, plenty of sunny days, and access to local healthcare and education options, including Indiana University Southeast. While property crime rates are slightly higher than the national average, the city’s welcoming community and reasonable cost of living make it a great place for families and professionals alike.
Demographics - New Albany, IN
Demographics - New Albany, IN
New Albany, Indiana, is home to about 37,772 residents with a median age of 39.2 years, offering a balanced mix of age groups and a slight majority of female residents. The city is predominantly White (80.1%), with notable Black (11.7%) and other minority communities, and about 6% of residents speak a language other than English at home. The moderate population density and diverse background provide a welcoming environment for newcomers.
Population:
37,772
Density:
2,600 per sq mi
Median Age:
39.2
Gender Ratio:
92 males per 100 females
Non-English Speakers Percentage:
6.1%
Ethnic Composition
White:
80.1%
Black:
11.7%
Asian:
1.0%
Others:
7.2%
Cost Of Living
What is the average cost of living in New Albany, IN?
New Albany boasts a cost of living index of 87.4, well below the national average, making it an affordable city for families and individuals alike. The median home value is $172,000 and average rent is $970, while utility and transportation costs remain reasonable. Residents benefit from manageable state tax rates and relatively low overall living expenses.
Median House Value:
$172,000
Gross Rent:
$970
Monthly Electricity Charges:
$135
Auto Insurance:
$1,185
House Owner Cost With Mortgage:
$1,265
House Owner Cost Without Mortgage:
$400
State Taxes:
Low:
3.15%
|
High:
5.75%
Cost Of Living Index:
87.4
Grocery:
92.1
Housing:
72.4
Utilities:
97.3
Transportation:
92.8
Health Care:
93.6
Miscellaneous:
89.2
Crime
Is New Albany, IN a safe place to live?
The city experiences a property crime rate that is slightly higher than the national average, with a 1 in 40 chance, while violent crime remains less common at a rate of 347 incidents per 100,000 people. While safety is a consideration, many residents find the overall environment to be welcoming and community-oriented. Staying informed and taking standard precautions can help ensure peace of mind.
Violent Crimes Per 100k:
347
Property Crimes Per 100k:
2,476
Crime Index:
2,823
Chance Of Violent Crime:
1 in 288
Chance Of Property Crime:
1 in 40
Weather
What is the weather like in New Albany, IN year-round?
New Albany enjoys four distinct seasons, with warm summers reaching up to 88°F and winters dipping to lows around 26°F. The city receives about 45 inches of rainfall annually and experiences sunshine about 56% of the year, offering plenty of opportunities for outdoor activities. Residents appreciate the comfortable spring and fall temperatures, making for friendly year-round living.
Winter
Min:
26°F
Max:
42°F
Spring
Min:
46°F
Max:
70°F
Summer
Min:
67°F
Max:
88°F
Fall
Min:
48°F
Max:
71°F
Average Rainfall Inches:
45.1 inches
Sunny Days Percentage:
56%
Neighbors
Households in New Albany have a median income of $53,000 and a family income averaging $62,900, with a poverty rate of 16.7%. The community is well-educated, as nearly 89% of adults have completed high school and almost a quarter hold a bachelor's degree or higher. Commute times average a quick 22 minutes, and unemployment remains low at 3.6%.
Median Income:
$30,800
Household Income:
$53,000
Family Income:
$62,900
Per Capita Income:
$27,200
Income Male:
$39,500
Income Female:
$32,300
Poverty Rate:
16.7%
Non English Speakers:
6.1%
Rent:
$970
Unemployment Rate:
3.6%
Public Transport Usage:
0.7%
Commute Time:
22.1 minutes
Education
High School or Higher:
88.9%
Bachelors or More:
23.8%
Education
How are the schools in New Albany, IN?
New Albany offers diverse educational opportunities, including public schools like New Albany High School and Prosser Career Education Center, as well as private options such as Holy Family School. Higher education is easily accessible with Indiana University Southeast located in the city and the University of Louisville just seven miles away. The area’s schools foster a strong foundation for students of all ages.
Public Schools
Name:
New Albany High School
Street:
1020 Vincennes St
Phone:
812-542-8506
Students:
1,800
Student Teacher Ratio:
18.2
Name:
Prosser Career Education Center
Street:
4202 Charlestown Rd
Phone:
812-542-8508
Students:
1,100
Student Teacher Ratio:
16.7
Private Schools
Name:
Holy Family School
Street:
217 W Daisy Ln
Phone:
812-944-6090
Students:
310
Colleges
Name:
Indiana University Southeast
City:
New Albany
State:
IN
Distance:
0 miles
Students:
4,200
Name:
University of Louisville
City:
Louisville
State:
KY
Distance:
7 miles
Students:
22,000
Healthcare
New Albany residents have access to quality healthcare, with over 91% health insurance coverage and two major hospitals—Baptist Health Floyd and Clark Memorial Health—providing comprehensive services. The city has 2.1 physicians per 1,000 people, ensuring timely medical care. The healthcare index of 78.1 reflects reliable local medical resources.
Major Hospitals
Name:
Baptist Health Floyd
Address:
1850 State St, New Albany, IN 47150
Phone:
(812) 944-7701
Type:
General & Surgical
Emergency Services:
Yes
Name:
Clark Memorial Health
Address:
1220 Missouri Ave, Jeffersonville, IN 47130
Phone:
(812) 282-6631
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
2.1
Health Insurance Coverage:
91.4%
Health Care Index:
78.1
Housing Market
What is the housing market like in New Albany, IN?
The housing market in New Albany is attractive for both buyers and renters, with a median home price of $172,000 and average rent for a two-bedroom apartment at $970. About 59% of homes are owner-occupied, and the area has a healthy home appreciation rate of 5.2% over the past year. Rental vacancies are moderate, offering options for newcomers seeking affordable and accessible housing.
Median Home Price:
$172,000
Average Rent For 2 Bedroom:
$970
Owner Occupied Rate:
58.5%
Rental Vacancy Rate:
9.1%
Home Appreciation Rate (1yr):
5.2%
New Construction Rate:
1.2%
Foreclosure Rate:
0.7%
DMV Information
Vehicle registration and licensing in New Albany are managed by the Indiana Bureau of Motor Vehicles, conveniently located on Grant Line Road. Residents can access a full range of DMV services in person, by phone, or online. The process is straightforward for new arrivals and longtime residents alike.
State:
Indiana
Department:
Indiana Bureau of Motor Vehicles
Address:
3311 Grant Line Rd, New Albany, IN 47150
Phone:
1-888-692-6841
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.