Floyd County · Indiana · Midwest · 38k residents
New Albany, IN: economy, jobs & business costs
The site-selection read on New Albany: labor costs, talent, corporate tax, energy, and business activity, with the Indiana median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,101/wk. Indiana's corporate income tax rate is 4.9%. Commercial electricity averages 12.4¢/kWh.
Compare New Albany side by side
Avg. weekly wage
$1,101/wk
Corporate income tax
4.9%
Bachelor's degree or higher
23.7%
Commercial electricity
12.4¢/kWh
Economic momentum
How fast New Albany's economy is moving, ranked against the US cities we track.
76/100
Heating
Ranks New Albany's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $180,500 |
| Price per sq. ft. | $150 |
| Property tax rate | 0.83% |
| 1-bedroom rent | $889/mo |
| 2-bedroom rent | $1,065/mo |
| State & local income tax | 4.75% |
| Sales tax | 7% |
| Corporate income tax | 4.9% |
| Avg. weekly wage | $1,101/wk |
| Bachelor's degree or higher | 23.7% |
| Commercial electricity | 12.4¢/kWh |
| Businesses per 1k residents | 26.2/1k |
| Wage: Software developer | $110,270 |
| Wage: Registered nurse | $84,850 |
| Wage: General manager | $89,140 |
| Wage: Customer service | $41,600 |
| Wage: Warehouse worker | $37,610 |
| Wage: Heavy truck driver | $59,000 |
| Wage: Electrician | $62,440 |
| Wage: Retail salesperson | $30,660 |
| Cost of living index | 80 |
| Groceries index | 95 |
| Utilities | $165/mo |
| Transit pass | $60/mo |
| Gas price | $3.20/gal |
| Healthcare index | 95 |
| Childcare (per child) | $900/mo |
| Median household income | $54,710 |
| Unemployment rate | 3.6% |
| Population | 38k |
| Crime index | 45/100 |
| School rating | 5.8/10 |
| Walkability | 30/100 |
| Disaster risk | 75/100 |
| Avg. commute | 24 min |
| Sunny days / year | 190 days |
| July high | 89°F |
| January low | 26°F |
| Annual snowfall | 4 in |
| Home price YoY | +3.3% |
| Home price MoM | 0.0% |
| Rent YoY | +4.4% |
| Rent MoM | -0.4% |
| Employment (jobs) YoY | +1.9% |
| Building permits YoY | +7.0% |
| Ocean coast | 502 mi |
| Big lake | 107 mi |
| Mountains | 229 mi |
| Major airport | 11 mi |
| Ski resort | 77 mi |
Popular comparisons
Nearby
- Jeffersonville, IN · 51k
- Clarksville, IN · 22k
- Seymour, IN · 22k
- Jasper, IN · 16k
- Columbus, IN · 52k
Similar size
- Portage, IN · 38k
- Merrillville, IN · 36k
- Plainfield, IN · 36k
- Richmond, IN · 36k
- Valparaiso, IN · 35k
Real listings in New Albany
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is New Albany a good place to run a business?
- Indiana's corporate income tax rate is 4.9%; average weekly wages in the surrounding labor market run $1,101/wk; commercial electricity averages 12.4¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in New Albany, IN?
- New Albany indexes at 80 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,065/mo and a acs median home value of $180,500.
- How much does a house cost in New Albany?
- The acs median home value in New Albany is $180,500 (Census ACS estimate; individual listings vary).
- How much is rent in New Albany?
- A two-bedroom in New Albany rents for about $1,065/mo.