C

New Albany, IN

Source:

Affordability Score: 58/100

Population: 47,472 · 1 ZIP codes

The affordability dashboard for New Albany, IN aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 47,472 residents, then layers in county-level federal data to produce an overall grade of C (58/100). The headline inputs are median household income of $62,820, median home value of $207,000, median rent of $1,036 per month, and 27.7% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $1,272 per month (studio $966, 1BR $1,047, 3BR $1,625, 4BR $1,891).

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Unemployment currently reads 4.8% and poverty 15.3% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income C-
$62,820
Median household income
Education D
27.7%
Bachelor's degree or higher
Housing C
3.3x
Home value $207,000 vs income
Commute B
20 min
Average commute time
Rent B-
$1,272/mo
2BR fair market rent (24% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare N/A
N/A
Center-based infant care cost

Income & Employment

Median Income
$62,820
▲ 1% vs national
Per Capita Income
$34,936
Unemployment Rate
4.8%
Poverty Rate
15.3%

Housing

Median Home Value
$207,000
▼ 25% vs national
Median Rent
$1,036/mo
Owner Occupied
62.3%
2BR Fair Market Rent
$1,272/mo
▲ 6% vs national

Fair Market Rents by Bedroom

Studio
$966
1BR
$1,047
2BR
$1,272
3BR
$1,625
4BR
$1,891

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
27.7%
▼ 2 ppt vs national
High School+
61.1%
Median Age
40.1
Avg. Commute
20 min
▼ 6 min vs national

Childcare Costs

Infant (Center)
Toddler (Center)
Preschool (Center)
School-Age (Center)

What This Means

New Albany, IN receives an overall affordability grade of C (58/100), aggregated from 1 ZIP codes with a total population of 47,472. Data was unavailable for safety, childcare — these dimensions were excluded from the overall score.

Nearby City Dashboards

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What are common questions about this dashboard?

Is New Albany, IN affordable?
New Albany, IN receives an overall affordability grade of C (58/100) based on Census, HUD, FBI, and DOL data. Median household income is $62,820. Median home value is $207,000.
What is the cost of living in New Albany?
Key cost metrics: Median rent $1,036/mo. 2BR fair market rent $1,272/mo. Median home value $207,000.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →