New Albany, OH is an attractive city for those who are looking to settle down. It offers a variety of attractive amenities such as low rent costs - 2 bedrooms cost $1,610 compared to the US average of $1,430, and a Grocery Cost Index that is 6% higher than the national average - making it an ideal place for those looking for affordable living. The city boasts several notable local businesses such as OhioHealth New Albany Medical Center, YMCA of Central Ohio New Albany Branch, and Gahanna-Jefferson Public Schools. It also has plenty of recreational activities available including Alum Creek State Park and some great shopping centers like Market Square at New Albany.
New Albany has an unemployment rate of 5.5%. The US average is 6.0%.
New Albany has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for New Albany
- The Sales Tax Rate for New Albany is 7.5%. The US average is 7.3%.
- The Income Tax Rate for New Albany is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Albany
- The average income of a New Albany resident is $78,875 a year. The US average is $28,555 a year.
- The Median household income of a New Albany resident is $206,130 a year. The US average is $69,021 a year.