2025 Compare Cities Economy:
New Albany, IN vs Richmond, IN

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Highlights
- Household income in Richmond, is 16% less than it is in New Albany and is 66% below the National Average.
- New Albany unemployment rate is 4.8%.
- Richmond unemployment rate is 5.5%.
 New Albany, INRichmond, INUnited States
 Unemployment Rate  Unlock5.5%6.0%
 Recent Job Growth  Unlock0.4%1.6%
 Future Job Growth34.5%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock4.7%4.6%
 Income per Cap.$27,697  Unlock$37,638
 Household Income  Unlock$41,569$69,021
 Family Median Income$66,281  Unlock$85,028
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 Est. Households By Income
 New Albany, INRichmond, INUnited States
 Income Less Than 15K  Unlock15.4%9.4%
 Income between 15K and 20K6.0%  Unlock3.8%
 Income between 20K and 30K  Unlock12.7%8.1%
 Income between 30K and 40K11.0%  Unlock8.0%
 Income between 40K and 50K  Unlock9.5%7.6%
 Income between 50K and 60K7.2%  Unlock7.2%
 Income between 60K and 75K  Unlock10.4%9.6%
 Income between 75K and 100K12.0%  Unlock12.8%
 Income between 100K and 150K  Unlock9.1%16.3%
 Income between 150K and 200K3.4%  Unlock7.8%
 Income greater than 200K  Unlock2.0%9.5%
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 Population By Occupation
 New Albany, INRichmond, INUnited States
 Management, business, finance12.5%  Unlock16.4%
 Engineering, computers, science  Unlock1.6%6.5%
 Community, social services1.3%  Unlock1.8%
 Legal  Unlock0.0%1.2%
 Education, library5.0%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock0.5%2.0%
 Healthcare practitioners and technology6.5%  Unlock6.2%
 Healthcare support  Unlock3.9%3.3%
 Firefighters, law enforcement1.4%  Unlock2.1%
 Food preparation, serving  Unlock7.8%5.4%
 Building maintenance2.9%  Unlock3.6%
 Personal care  Unlock2.1%2.6%
 Sales, office, administrative support19.7%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.2%0.6%
 Construction, extraction, maintenance/repair10.2%  Unlock8.1%
 Production, transportation, material moving  Unlock25.1%13.1%
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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Reviews for Richmond    5 Reviews

do you see any changes no and lot of people don't even vote in this poverty retirement town. most of the educated people have left Richmond and Indiana all together. Be  More

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Over 12 years ago

Richmond is an attractive city for the most part, but for its population there is way to much crime. The police seem to worry more about petty issues like driving  More

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Over 14 years ago

Richmond is a great city homes here are very reasonable to buy. We have great parks. And lots of things to do for a town our size. I was born here so were my parents and  More

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