Zip 47150 (New Albany, IN) Cost of Living


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New Albany cost of living score
89.1
Less expensive
10.9% lower
than the US average
6.5% higher
than the Indiana average
New Albany (zip 47150), Indiana gets a BestPlaces Cost of Living score of 89.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 10.9% lower than the U.S. average and 6.5% lower than the average for Indiana.

Zip 47150 (New Albany, IN)

Housing costs in New Albany?
A typical home costs $200,100, which is 40.8% less expensive than the national average of $338,100 and 9.7% less expensive than the average Indiana home, at $221,600. Renting a two-bedroom unit in New Albany costs $1,040 per month, which is 27.3% cheaper than the national average of $1,430 and 5.8% more than the state average of $980.

Can I afford New Albany?
To live comfortably in New Albany (zip 47150), Indiana, a minimum annual income of $38,520 for a family, and $34,800 for a single person is recommended.

What does A.I. say about New Albany?
The cost of living in 47150 New Albany, IN is quite reasonable. The median home value is around $160,000 USD and the median rent is around $1,000 USD per month. This makes it an attractive option for prospective residents looking for affordability as well as quality of life. In addition, the average cost of food and clothing is generally lower than the national average while transportation costs are slightly higher due to the need for a vehicle for most errands. All in all, 47150 New Albany, IN offers a good balance between affordability and lifestyle options.
   Cost of living score
     CategoriesNew AlbanyIndianaUnited States
  89.183.7100.0
  9592.9100
  87.994.4100.0
  61.863.8100.0
  $200,100$221,600$338,100
  95.6%97.2%100.0%
  90.485.4100.0
  89.3102.0100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for New Albany
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9 minutes to downtown Louisville, Kentucky with its world renowned Actor's Theater and great museums, good restaurants with a view of the city of Louisville we have  More

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