New Albany, IN is a great place to live with many local companies and attractions to enjoy. With an average two bedroom rent of $1,030, it is significantly lower than the national average of $1,430. It’s also a great place to grocery shop with a cost index of 95 versus 100 in the US. Some of the popular local companies include New Albany-Floyd County Schools, Indiana University Southeast, River Valley Financial Bank and Ascension St. Mary's Hospital. Popular attractions include the Huber Winery & Orchard, Big Four Bridge, and Skyline Park. There’s something for everyone in New Albany!
New Albany has an unemployment rate of 4.8%. The US average is 6.0%.
New Albany has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for New Albany
- The Sales Tax Rate for New Albany is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Albany is 4.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Albany
- The average income of a New Albany resident is $21,866 a year. The US average is $28,555 a year.
- The Median household income of a New Albany resident is $49,429 a year. The US average is $69,021 a year.