New Albany, IN Cost Of Living

Demographics | Cost Of Living
Updated: 2022-04-07
91
New Albany's Overall Cost Of Living
0.9x
Lower Than The National Average
76 out of 124
In Indiana
1,804 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means New Albany is expensive, while a number below 100 means it's a relatively cheap place to live.

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.

For more reading on life in New Albany, check out:

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
For more reading on cost of living around Indiana, check out:
New Albany Cost of Living Vs. IN

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.

$128,700
Median Home Value
$791
Median Rent
$49,415
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

6
/10
Overall SnackAbility
Jobs
6/10
Housing
6
Affordability
8
Diversity
8
Safety
4
Amenities
9
Education
6
Commute
8.5

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

Articles About Indiana

Enjoy The Snack?