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. There's nothing like the smell of a brand new house, and in New Albany, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to New Albany, and putting down their money on brand new construction. New Albany’s real estate is, on average, some of the newest in the nation. New Albany does seem to be experiencing an influx of affluent people, because 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.New Albany is a decidedly white-collar city, with fully 95.65% of the workforce employed in white-collar jobs, well above the national average. Overall, New Albany is a city of managers, professionals, and sales and office workers. There are especially a lot of people living in New Albany who work in management occupations (24.66%), healthcare (14.59%), and sales jobs (12.53%). 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. One interesting thing about the economy is that relatively large numbers of people worked from their home: 19.12% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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. Because of many things, New Albany is a great place for families with children to consider. First of all, many other families with children live here, making New Albany a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, New Albany has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, New Albany’s overall crime rate is lower than average for the country.If knowledge is power, New Albany is a pretty powerful place. 77.00% of the adults in New Albany have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns. 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.
