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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.
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.
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.
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.
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.
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%.
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.
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.
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.
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.
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.
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