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2024 Compare Cities Economy:
Richmond, KY vs New Albany, IN

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Highlights
- Household income in New Albany, is 23% more than it is in Richmond and is 40% below the National Average.
- Richmond unemployment rate is 4.9%.
- New Albany unemployment rate is 4.8%.

Economy
 Richmond, KYNew Albany, INUnited States
 Unemployment Rate4.9%4.8%6.0%
 Recent Job Growth1.1%1.2%1.6%
 Future Job Growth33.2%34.5%33.5%
 Sales Taxes6.0%7.0%6.2%
 Income Taxes8.0%4.4%4.6%
 Income per Cap.$23,945$27,697$37,638
 Household Income$40,221$49,429$69,021
 Family Median Income$63,453$66,281$85,028
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 Est. Households By Income
 Richmond, KYNew Albany, INUnited States
 Income Less Than 15K19.7%12.4%9.4%
 Income between 15K and 20K5.7%6.0%3.8%
 Income between 20K and 30K10.4%10.0%8.1%
 Income between 30K and 40K14.0%11.0%8.0%
 Income between 40K and 50K7.2%11.1%7.6%
 Income between 50K and 60K7.9%7.2%7.2%
 Income between 60K and 75K7.8%12.5%9.6%
 Income between 75K and 100K10.9%12.0%12.8%
 Income between 100K and 150K10.3%12.4%16.3%
 Income between 150K and 200K3.8%3.4%7.8%
 Income greater than 200K2.3%1.9%9.5%
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 Population By Occupation
 Richmond, KYNew Albany, INUnited States
 Management, business, finance9.9%12.5%16.4%
 Engineering, computers, science5.0%4.3%6.5%
 Community, social services2.3%1.3%1.8%
 Legal0.5%1.0%1.2%
 Education, library7.5%5.0%6.2%
 Arts, design, media, sports, entertainment2.2%4.0%2.0%
 Healthcare practitioners and technology5.2%6.5%6.2%
 Healthcare support3.0%3.1%3.3%
 Firefighters, law enforcement3.9%1.4%2.1%
 Food preparation, serving9.7%5.9%5.4%
 Building maintenance3.9%2.9%3.6%
 Personal care3.6%2.3%2.6%
 Sales, office, administrative support22.1%19.7%20.9%
 Farming, fishing, forestry0.0%0.1%0.6%
 Construction, extraction, maintenance/repair5.7%10.2%8.1%
 Production, transportation, material moving15.5%19.7%13.1%

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Reviews for Richmond    4 Reviews

Over 6 years ago

Keep this between us... Richmond is a hidden gem. A small university town close to a large city (Lexington is 30 minutes away) and less than two hour from very large  More

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For a smallish town, Richmond offers a convenient location and great small restaurants. Fortunately it is also wedged between Lexington and little Berea, both with more  More

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Over 15 years ago

Major university town of small size (30,000), and conveniently located 30 miles from Lexington,  More

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Reviews for New Albany    2 Reviews

Over 8 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 17 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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ZIPS IN RICHMOND, KENTUCKY
40475
ZIPS IN NEW ALBANY, INDIANA
No Zip Codes Here.

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