Housing costs in New Albany?
A typical home costs
$530,700, which is 57.0% more expensive than the national average of
$338,100 and 169.4% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in New Albany costs
$1,610 per month, which is 12.6% more than the national average of
$1,430 and 39.1% more than the state average of
$980.
Can I afford New Albany?
To live comfortably in New Albany, Ohio, a minimum annual income of
$101,520 for a family, and
$52,000 for a single person is recommended.
What does A.I. say about New Albany?
The cost of living in New Albany, OH is slightly higher than the national average, however still quite affordable. As of 2019, housing costs are around 10% higher than the national average while utilities are slightly lower. Other costs such as food, transportation, and healthcare are all comparable to the US average. Overall, the cost of living in New Albany is a great value for those looking to settle in the small city with big city amenities.