New Albany, MS
Population 7,661 · Mississippi
About New Albany, MS
New Albany is a small community in Mississippi with a population of 7,661 residents. The median household income is $46,276 per year, which is below the national average. The median age in New Albany is 38.1 years.
Housing in New Albany has a median home value of $150,000 and median monthly rent of $956. Of the 3,526 total housing units, the majority are owner-occupied, with 1,675 owner-occupied and 1,269 renter-occupied units.
The unemployment rate in New Albany is 1.7% and the poverty rate is 18.5%. 22.5% of residents hold a bachelor's degree or higher. The average commute time is 17.9 minutes.
How New Albany Ranks in Mississippi
Cost of Living in New Albany, MS
Compared to national averages, New Albany has a median household income of $46,276 (38% below the national median of $75,149). Home values average $150,000, which is 39% below the national median. Monthly rent at $956 is 18% below the US average of $1,163. Within Mississippi, New Albany's income is 7% below the state average of $49,929, and home values are 19% above the state median of $125,705.
Why Live in New Albany, MS?
New Albany offers affordable housing with a median home value of $150,000, below the US average of $244,900, and rent that’s lower than the national average at $956/month, and a strong job market with an unemployment rate of just 1.7%. Additionally, the city features short commute times averaging just 17.9 minutes.
Potential considerations include median household income ($46,276) 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 7,661 with a median age of 38.1 years. Compare New Albany with other cities to see how it stacks up, or explore all cities in Mississippi.
Similar Cities Near New Albany
Cities in Mississippi with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| St. Martin | 7,797 | $53,488 | $171,300 | Compare |
| Batesville | 7,432 | $46,492 | $190,800 | Compare |
| Richland | 7,250 | $63,611 | $131,300 | Compare |
| Gulf Hills | 8,193 | $66,472 | $191,800 | Compare |
| Waveland | 7,066 | $58,795 | $201,800 | Compare |
| Philadelphia | 7,030 | $36,781 | $95,600 | Compare |
| Senatobia | 8,306 | $52,370 | $208,000 | Compare |
| Kosciusko | 6,994 | $36,490 | $115,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Mississippi
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, MS?
The population of New Albany, MS is 7,661 according to the latest Census data.
What is the median household income in New Albany?
The median household income in New Albany, MS is $46,276 per year.
What is the median home value in New Albany?
The median home value in New Albany, MS is $150,000.
What is the average rent in New Albany?
The median monthly rent in New Albany, MS is $956.
What is the unemployment rate in New Albany?
The unemployment rate in New Albany, MS is 1.7%.