New Albany, IN
Population 37,589 · Indiana
About New Albany, IN
New Albany is a mid-sized city in Indiana with a population of 37,589 residents. The median household income is $54,152 per year, which is near the national average. The median age in New Albany is 38 years.
Housing in New Albany has a median home value of $169,600 and median monthly rent of $971. Of the 18,429 total housing units, the majority are owner-occupied, with 9,028 owner-occupied and 7,128 renter-occupied units.
The unemployment rate in New Albany is 5.3% and the poverty rate is 18.4%. 22.8% of residents hold a bachelor's degree or higher. The average commute time is 20.1 minutes.
How New Albany Ranks in Indiana
Cost of Living in New Albany, IN
Compared to national averages, New Albany has a median household income of $54,152 (28% below the national median of $75,149). Home values average $169,600, which is 31% below the national median. Monthly rent at $971 is 17% below the US average of $1,163. Within Indiana, New Albany's income is 22% below the state average of $69,330, and home values are 4% above the state median of $163,409.
Why Live in New Albany, IN?
New Albany offers affordable housing with a median home value of $169,600, below the US average of $244,900, and rent that’s lower than the national average at $971/month, and short commute times averaging just 20.1 minutes.
Potential considerations include median household income ($54,152) that falls below the national average. However, New Albany’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Albany has a population of 37,589 with a median age of 38 years. Compare New Albany with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near New Albany
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Portage | 37,951 | $72,833 | $210,800 | Compare |
| Merrillville | 36,343 | $64,791 | $194,000 | Compare |
| Plainfield | 35,783 | $85,074 | $263,900 | Compare |
| Richmond | 35,551 | $46,395 | $107,600 | Compare |
| Valparaiso | 34,377 | $67,664 | $250,500 | Compare |
| Goshen | 34,374 | $55,436 | $175,200 | Compare |
| Crown Point | 34,042 | $95,757 | $272,800 | Compare |
| Michigan City | 31,894 | $52,979 | $129,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Albany
What is the population of New Albany, IN?
The population of New Albany, IN is 37,589 according to the latest Census data.
What is the median household income in New Albany?
The median household income in New Albany, IN is $54,152 per year.
What is the median home value in New Albany?
The median home value in New Albany, IN is $169,600.
What is the average rent in New Albany?
The median monthly rent in New Albany, IN is $971.
What is the unemployment rate in New Albany?
The unemployment rate in New Albany, IN is 5.3%.