New Albany, IN Cost Of Living
New Albany's Overall Cost Of Living
Lower Than The National Average
In Indiana
In America
What is the cost of living in New Albany, IN?
According to the most recent data on the cost of living, New Albany has an overall cost of living index of 91 which is 0.9x lower than the national index of 100.
Compared to only Indiana, New Albany has a cost of living index that's 1.1x higher than Indiana's index of 86.
The standard of living in New Albany ranks as #1,804 most affordable out of the 6,418 places we measured in Indiana. By definition, that implies New Albany ranks as the #4,614 most expensive place in the Hoosier State.
New Albany Cost Of Living Vs. Indiana
| Living Expense | New Albany | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 91 | 86 | 100 | |
| Services | 105 | 93 | 100 | |
| Groceries | 94 | 93 | 100 | |
| Health | 96 | 94 | 100 | |
| Housing | 64 | 74 | 100 | |
| Transportation | 102 | 95 | 100 | |
| Utilities | 96 | 96 | 100 | |
New Albany, IN Housing Cost Breakdown
Housing swings affordability the most between places in Indiana, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Median Home Value
Median Rent
Median Income
| Statistic | New Albany | Indiana | United States |
|---|---|---|---|
| Median Home Value | $128,700 | $148,900 | $229,800 |
| Median Rent | $791 | $844 | $1,096 |
| Median Income | $49,415 | $58,235 | $64,994 |
| Home Value To Income | 2.6x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.17x | 0.2x |
Detailed New Albany Services Costs Vs. Indiana
| Item | New Albany | Indiana |
|---|---|---|
| Shampoo | $0.94 | $1.06 |
| Movie | $12.1 | $10.68 |
| Bowling | $18.55 | $14.67 |
Detailed New Albany Groceries Costs Vs. Indiana
| Item | New Albany | Indiana |
|---|---|---|
| Ground Beef | $3.91 | $4.22 |
| Fried Chicken | $1.09 | $1.39 |
| Milk | $1.15 | $2.05 |
Detailed New Albany Health Costs Vs. Indiana
| Item | New Albany | Indiana |
|---|---|---|
| Haircut | $15.0 | $18.62 |
| Beauty Salon | $49.58 | $39.05 |
| Toothpaste | $2.56 | $2.34 |
Detailed New Albany Transportation Costs Vs. Indiana
| Item | New Albany | Indiana |
|---|---|---|
| Potatoes | $2.99 | $3.29 |
| Pizza | $10.33 | $10.62 |
| Beer | $8.99 | $9.38 |
| Optometrist | $71.56 | $108.57 |
| Doctor | $133.98 | $116.17 |
| Dentist | $82.89 | $99.13 |
Detailed New Albany Utilities Costs Vs. Indiana
| Item | New Albany | Indiana |
|---|---|---|
| Gasoline | $2.28 | $2.22 |
| Tire Balancing | $51.83 | $50.07 |
| All Electricity | $157.62 | $167.67 |
| Phone | $180.81 | $175.64 |
New Albany SnackAbility
/10
Cost Of Living In Cities Around New Albany
| City | Population | Cost Of Living | Vs. New Albany |
|---|---|---|---|
| Jeffersonville, IN | 47,932 | 92 | 1.0x |
| Georgetown, KY | 34,362 | 92 | 1.0x |
| Jeffersontown, KY | 27,933 | 98 | 1.1x |
| Clarksville, IN | 21,825 | 91 | 1.0x |
| St. Matthews, KY | 18,022 | 100 | 1.1x |
| Shively, KY | 15,723 | 86 | 0.9x |
| Lyndon, KY | 11,451 | 99 | 1.1x |
| Sellersburg, IN | 9,320 | 96 | 1.1x |
| Middletown, KY | 7,885 | 103 | 1.1x |
| Louisville, MS | 6,063 | 80 | 0.9x |
