2025 Compare Cities Economy:
Florence, KY vs New Albany, IN

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Highlights
- Household income in New Albany, is 24% less than it is in Florence and is 40% below the National Average.
- Florence unemployment rate is 4.3%.
- New Albany unemployment rate is 4.8%.
 Florence, KYNew Albany, INUnited States
 Unemployment Rate  Unlock4.8%6.0%
 Recent Job Growth  Unlock1.2%1.6%
 Future Job Growth40.0%  Unlock33.5%
 Sales Taxes6.0%  Unlock6.2%
 Income Taxes  Unlock4.4%4.6%
 Income per Cap.$34,793  Unlock$37,638
 Household Income  Unlock$49,429$69,021
 Family Median Income$77,070  Unlock$85,028
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 Est. Households By Income
 Florence, KYNew Albany, INUnited States
 Income Less Than 15K  Unlock12.4%9.4%
 Income between 15K and 20K4.9%  Unlock3.8%
 Income between 20K and 30K  Unlock10.0%8.1%
 Income between 30K and 40K8.8%  Unlock8.0%
 Income between 40K and 50K  Unlock11.1%7.6%
 Income between 50K and 60K7.6%  Unlock7.2%
 Income between 60K and 75K  Unlock12.5%9.6%
 Income between 75K and 100K12.8%  Unlock12.8%
 Income between 100K and 150K  Unlock12.4%16.3%
 Income between 150K and 200K6.0%  Unlock7.8%
 Income greater than 200K  Unlock1.9%9.5%
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 Population By Occupation
 Florence, KYNew Albany, INUnited States
 Management, business, finance14.5%  Unlock16.4%
 Engineering, computers, science  Unlock4.3%6.5%
 Community, social services1.7%  Unlock1.8%
 Legal  Unlock1.0%1.2%
 Education, library5.6%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock4.0%2.0%
 Healthcare practitioners and technology4.6%  Unlock6.2%
 Healthcare support  Unlock3.1%3.3%
 Firefighters, law enforcement2.2%  Unlock2.1%
 Food preparation, serving  Unlock5.9%5.4%
 Building maintenance3.5%  Unlock3.6%
 Personal care  Unlock2.3%2.6%
 Sales, office, administrative support19.4%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.1%0.6%
 Construction, extraction, maintenance/repair8.5%  Unlock8.1%
 Production, transportation, material moving  Unlock19.7%13.1%
Reviews for Florence    5 Reviews

It's a great place to live if you are a redneck. Really, when you cross over from Ohio it's like going to another country. I grew up here and spent my formative  More

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Over 10 years ago

Northern Kentucky is just too far north for me. Too much influence from Ohio. I'm a southern girl at heart and I'm looking to get down to the true south.  More

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Raised in Northern kentucky my entire life, I moved to San Antonio Texas last year at age 19. I am now 20, and have a soft spot for Florence... It's a suburban culture,  More

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Reviews for New Albany    2 Reviews

Over 9 years ago

I've lived in New Albany Indiana nearly six years. This town is one of the friendliest I have ever lived in. People are almost always helpful and good. Life  More

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Over 18 years ago

Many 100+ year old homes, not much to do there, close to to the Ohio River, pretty bad for allergy suffers. Schools not good. Excise tax on auto is paid every year and  More

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