salaryRent is higher than in 76% of U.S. cities. Household incomes are higher than in 100% of U.S. cities. A typical house costs about 3.0 years of household income. Most homes (88.7%) are owned, so rentals can be hard to find. It is a highly educated city: 79.4% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $87,840 a year. That is $42 an hour at a full-time job.
Is rent cheaper than other Ohio cities?
No. Rent here is more expensive than in most of Ohio. It is number 272 of 288 cities from cheapest to most expensive.
How much do households earn in New Albany?
Share of households by yearly income. 79.7% of households earn $100,000 or more.
Rent by apartment size in New Albany
| Size | New Albany | U.S. average |
|---|---|---|
| 1 bedroom | $2,150 | $1,324 |
| 2 bedrooms | $2,857 | $1,509 |
| 3 bedrooms | $3,500+ | $1,698 |
| 4 bedrooms | $2,660 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is New Albany overall?
Everyday prices in Ohio overall are 7% below the U.S. average (index 92.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for New Albany, so the Ohio figure is shown.
Taxes and bills in New Albany
Life in New Albany
Is it cheaper to rent or buy in New Albany?
Renting is cheaper right now: about $3,161 a month less.
Owning assumes a typical $772,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $77,210 for the down payment.
Frequently asked questions
What is the average rent in New Albany, OH?
Renting in New Albany costs a median of about $2,196 a month in 2026, including utilities. The Ohio median is $1,261.
How much do I need to make to live in New Albany?
To keep rent under 30% of income, you need about $87,840 a year, or $42 an hour at a full-time job.
Is New Albany cheap or expensive?
New Albany is rated Cheap: rent takes 10.3% of the typical household income of $256,953. It ranks 272nd cheapest of 288 Ohio cities we track.
How much are property taxes in New Albany?
The median homeowner in New Albany pays $10,000+ a year in property taxes, about 1.30% of the median home value.
Is New Albany more expensive than the national average?
Overall prices in Ohio are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in New Albany?
The median home value in New Albany is $772,100, about 3.0 times the typical yearly household income.
10,896 people live in New Albany. Numbers are typical (middle) values.