New Albany is a somewhat small city located in the state of Ohio. With a population of 11,043 people and two associated neighborhoods, New Albany is the 169th largest community in Ohio. New Albany has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in New Albany, where the median household income is $224,824.00.
New Albany home prices are not only among the most expensive in Ohio, but New Albany real estate also consistently ranks among the most expensive in America.
Also of interest is that New Albany has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in New Albany telecommute to their jobs. Overall, about 19.12% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, New Albany is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
New Albany is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, New Albany’s overall crime rate is lower than average for the country.
Do you like to read, write and learn? If you move to New Albany, you'll likely find that many of your neighbors like to as well. New Albany is one of the more educated communities in America, with a full 77.00% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in New Albany in 2022 was $107,761, which is wealthy relative to Ohio and the nation. This equates to an annual income of $431,044 for a family of four.
New Albany is a very ethnically-diverse city. The people who call New Albany home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of New Albany residents report their race to be White, followed by Asian. Important ancestries of people in New Albany include German, English, Irish, Italian, and Polish.
The most common language spoken in New Albany is English. Other important languages spoken here include Spanish and Langs. of India.