New Albany, KS is a small town located in the northeast of Kansas. It is known for its low cost of living, with 2 bedroom rent prices being about $720 per month - much less than the national average of $1,430. In addition, the Grocery Cost Index in New Albany is only 90 compared to 100 across the US. This makes it an attractive option for anyone looking for a more affordable place to live.
The town is home to many local businesses including Abell Family Butchers and Lovejoy Farms Dairy which provide fresh meats and dairy products from locally-sourced ingredients. There are also several small shops selling artisanal goods such as handmade jewelry and pottery created by local artisans. Additionally, nearby lakes offer recreational opportunities such as fishing, swimming, and boating in the summer months.
In conclusion, New Albany is an ideal place for anyone looking for an affordable yet fulfilling life. The low rent prices and cost of living make it appealing to those on a tight budget without sacrificing quality or lifestyle options. Furthermore, its access to nature and abundance of locally-owned businesses create a unique sense of community that makes it a desirable location for many families and individuals alike.
New Albany has an unemployment rate of 4.9%. The US average is 6.0%.
New Albany has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for New Albany
- The Sales Tax Rate for New Albany is 9.0%. The US average is 7.3%.
- The Income Tax Rate for New Albany is 5.7%. 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 $22,516 a year. The US average is $28,555 a year.
- The Median household income of a New Albany resident is $61,420 a year. The US average is $69,021 a year.