Cost of Living in New Albany, IN
Overall index: 70 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 49 | -51% | $680 |
| Transportation | 103 | +3% | $3.50 |
| Food | 73 | -27% | $299 |
| Utilities | 75 | -25% | $88 |
| Healthcare | 75 | -25% | $64 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in New Albany?
A single adult living comfortably in New Albany, IN needs approximately $24,500 / year after taxes.
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Frequently Asked Questions
What is the cost of living in New Albany, IN?
The overall cost of living in New Albany, IN is 30% lower than the US national average (index: 70 where 100 = national average).
How much is rent in New Albany, IN?
Average rent for a 1-bedroom apartment in New Albany, IN is about $680/month.
Is New Albany, IN expensive to live in?
No, New Albany, IN is affordable (below national average).
What salary do I need to live in New Albany, IN?
A single adult needs roughly $24,500/year to cover basic living costs in New Albany, IN.