New Albany, OH Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In New Albany, OH Summary

Cost of living in New Albany research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means New Albany is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Ohio, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in New Albany is 138, with 100 being the average.

  • The cost of living index in New Albany is 1.4x higher than the national average.

  • New Albany ranks as the #285 cheapest in Ohio out of 286.

  • New Albany ranks as the #5,521 cheapest out of 6,412 in the US.

  • The median home value in New Albany is $531,700.

  • The median income in New Albany is $206,130.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
138
New Albany's Overall Cost Of Living
1.4x
Higher Than The National Average

What is the cost of living in New Albany, OH?

According to the most recent data on the cost of living, New Albany has an overall cost of living index of 138, which is 1.4x higher than the national index of 100.

Compared to Ohio, New Albany has a cost of living index that's 1.5x higher than Ohio's index of 91.

The standard of living in New Albany ranks as #285 most affordable out of the 286 places we measured in Ohio. By definition, that implies New Albany ranks as the #1 most expensive place in the Buckeye State.

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

285 out of 286
In Ohio
5,521 out of 6,412
In America

New Albany Cost Of Living Vs. Ohio

Six factors go into calculating the cost of living index in New Albany. Here is how it fairs on each of the criteria:

  • The Services index in New Albany is 94.

  • The Groceries index in New Albany is 96.

  • The Health index in New Albany is 93.

  • The Housing index in New Albany is 239.

  • The Transportation index in New Albany is 102.

  • The Utilities index in New Albany is 87.

Living Expense New Albany Ohio National Average
Overall 138 91 100
Services 94 98 100
Groceries 96 101 100
Health 93 95 100
Housing 239 73 100
Transportation 102 98 100
Utilities 87 93 100
For more reading on cost of living around Ohio, check out:
New Albany Cost of Living Vs. OH

New Albany, OH Housing Cost Breakdown

Housing swings affordability the most between places in Ohio, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in New Albany is $531,700.

  • The Median Rent in New Albany is $1,833.

  • The Median Income in New Albany is $206,130.

  • The Home Value To Income in New Albany is 2.6x.

  • The Rent To Monthly Income in New Albany is 0.11x.

Statistic New Albany Ohio United States
Median Home Value $531,700 $159,900 $244,900
Median Rent $1,833 $870 $1,163
Median Income $206,130 $61,938 $69,021
Home Value To Income 2.6x 2.6x 3.5x
Rent To Monthly Income 0.11x 0.17x 0.2x
Search Homes For Sale In New Albany, OH
$531,700
Median Home Value
$1,833
Median Rent
$206,130
Median Income

New Albany, OH Costs By Category

Detailed New Albany Services Costs Vs. Ohio

Item New Albany Ohio
Shampoo $0.99 $1.06
Movie $11.0 $10.68
Bowling $17.67 $14.67
Haircut $14.45 $18.62
Beauty Salon $39.83 $39.05

Detailed New Albany Groceries Costs Vs. Ohio

Item New Albany Ohio
Ground Beef $4.32 $4.22
Fried Chicken $1.16 $1.39
Milk $1.58 $2.05
Potatoes $2.57 $3.29
Pizza $10.24 $10.62
Beer $9.2 $9.38
Toothpaste $1.68 $2.34

Detailed New Albany Health Costs Vs. Ohio

Item New Albany Ohio
Optometrist $59.28 $108.57
Doctor $130.99 $116.17
Dentist $84.54 $99.13

Detailed New Albany Transportation Costs Vs. Ohio

Item New Albany Ohio
Gasoline $2.38 $2.22
Tire Balancing $42.38 $50.07

Detailed New Albany Utilities Costs Vs. Ohio

Item New Albany Ohio
All Electricity $127.64 $167.67
Phone $179.85 $175.64

New Albany SnackAbility

6
/10
Overall SnackAbility
Jobs
9/10
Housing
9.5
Affordability
8.5
Diversity
8.5
Safety
8.5
Amenities
1
Education
9.5
Commute
8

Cost Of Living In Cities Around New Albany

The cost of living varies in the cities and towns around New Albany. Here's a quick look at the cost of living in the most populous nearby places:

  • Dublin, OH has a cost of living index of 120, 0.9x New Albany.

  • Reynoldsburg, OH has a cost of living index of 90, 0.7x New Albany.

  • Westerville, OH has a cost of living index of 98, 0.7x New Albany.

City Population Cost Of Living Vs. New Albany
Dublin, OH 48,613 120 0.9x
Reynoldsburg, OH 39,803 90 0.7x
Westerville, OH 38,960 98 0.7x
Upper Arlington, OH 36,566 117 0.8x
Gahanna, OH 35,626 98 0.7x
Hilliard, OH 35,530 98 0.7x
Whitehall, OH 20,004 81 0.6x
Johnstown, PA 18,647 82 0.6x
Pataskala, OH 17,598 95 0.7x
Worthington, OH 15,047 104 0.8x

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