New Albany, OH
Population 10,524 · Ohio
About New Albany, OH
New Albany is a mid-sized city located in Ohio with a population of 10,524 residents according to the latest US Census Bureau American Community Survey data. The median household income is $232,524 per year, which is 209% above the national median of $75,149. The median age of 41 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in New Albany features a median home value of $728,200, which is 197% above the national median of $244,900. This places New Albany in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,134, 83% above the national average of $1,163/month. Of the 3,696 total housing units, 89% are owner-occupied (3,119 units) and 11% are renter-occupied (376 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Albany shows an unemployment rate of 2.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New Albany have an average one-way commute time of 23.3 minutes.
Education & Demographics
78.9% of New Albany residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.3% White, 0.4% Hispanic or Latino, 0.7% Black or African American, and 6.0% Asian residents, with 10.2% of the population being foreign-born.
How New Albany Ranks in Ohio
Cost of Living in New Albany, OH
Compared to national averages, New Albany has a median household income of $232,524 (209% above the national median of $75,149). Home values average $728,200, which is 197% above the national median. Monthly rent at $2,134 is 83% above the US average of $1,163. Within Ohio, New Albany's income is 224% above the state average of $71,814, and home values are 317% above the state median of $174,449.
Why Live in New Albany, OH?
New Albany offers a strong local economy with a median household income of $232,524, well above the national average, and a strong job market with an unemployment rate of just 2.4%, and a well-educated community where 78.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 1.8%, better than the national average, and short commute times averaging just 23.3 minutes.
Potential considerations include a competitive housing market where the typical home costs $728,200. However, New Albany’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Albany has a population of 10,524 with a median age of 41 years. Compare New Albany with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near New Albany
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Heath | 10,545 | $74,773 | $215,000 | Compare |
| Reading | 10,490 | $60,167 | $184,200 | Compare |
| Ironton | 10,585 | $45,694 | $112,400 | Compare |
| Vermilion | 10,451 | $73,052 | $172,000 | Compare |
| London | 10,403 | $60,364 | $194,800 | Compare |
| Richmond Heights | 10,677 | $56,734 | $176,100 | Compare |
| Galion | 10,358 | $45,377 | $100,900 | Compare |
| Tipp City | 10,344 | $85,081 | $237,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare New Albany With Other Cities
Frequently Asked Questions about New Albany
What is the population of New Albany, OH?
The population of New Albany, OH is 10,524 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Ohio.
What is the median household income in New Albany?
The median household income in New Albany, OH is $232,524 per year, which is 209% above the national median of $75,149.
What is the median home value in New Albany?
The median home value in New Albany, OH is $728,200, which is 197% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Albany?
The median monthly rent in New Albany, OH is $2,134, which is 83% above the national average of $1,163/month.
What is the unemployment rate in New Albany?
The unemployment rate in New Albany, OH is 2.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New Albany, OH a good place to live?
New Albany offers above-average incomes, a competitive housing market, and a strong job market. With a population of 10,524 and a median age of 41, the city appeals to a broad range of residents.
How educated is New Albany, OH?
78.9% of residents in New Albany aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in New Albany?
Key cost-of-living indicators for New Albany, OH: median home value is $728,200 (197% above national), median rent is $2,134/month, and median household income is $232,524. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Albany?
The poverty rate in New Albany, OH is 1.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is New Albany, OH?
New Albany's population is 1.3% White, 0.4% Hispanic or Latino, 0.7% Black or African American, 6.0% Asian, and 3.1% two or more races. 10.2% of residents are foreign-born.