47150 New Albany, IN is a great place to live for those looking for an affordable lifestyle. With a 2 Bedroom Rent of just $1,040 compared to the US average of $1,430, it's easy to see why this area is so popular. Additionally, the Grocery Cost Index in 47150 New Albany, IN is 95 compared to the US average of 100 - making groceries more affordable as well. This area offers much more than affordability though; with numerous local businesses such as The Hillbilly Hideaway Restaurant, Yoder Meats & Cheese and Old Mill Drug Company you can easily find something for everyone. Whether you're looking for an outdoor adventure, some delicious food or unique shopping experiences there's something for everyone in 47150 New Albany, IN.
New Albany (zip 47150) has an unemployment rate of 3.9%. The US average is 6.0%.
New Albany (zip 47150) 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 35.8%, which is higher than the US average of 33.5%.
Tax Rates for New Albany (zip 47150)
- The Sales Tax Rate for New Albany (zip 47150) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Albany (zip 47150) 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 (zip 47150)
- The average income of a New Albany (zip 47150) resident is $23,912 a year. The US average is $28,555 a year.
- The Median household income of a New Albany (zip 47150) resident is $57,843 a year. The US average is $69,021 a year.