New Albany is a somewhat small village located in the state of Ohio. With a population of 10,933 people and two constituent neighborhoods, New Albany is the 202nd 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 $203,409.00.
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 village, with fully 94.93% of the workforce employed in white-collar jobs, well above the national average. Overall, New Albany is a village of professionals, managers, and sales and office workers. There are especially a lot of people living in New Albany who work in management occupations (21.13%), sales jobs (15.53%), and healthcare (15.33%).
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: 9.14% 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", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
Because of many things, New Albany is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, New Albany really has some of the features that families look for when choosing a good community to raise children. Is New Albany perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
Being a small village, New Albany does not have a public transit system used by locals to get to and from work.
If knowledge is power, New Albany is a pretty powerful place. 78.51% 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 2018 was $79,418, which is wealthy relative to Ohio and the nation. This equates to an annual income of $317,672 for a family of four.
New Albany is a very ethnically-diverse village. 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 Black or African-American. Important ancestries of people in New Albany include German, Irish, English, Italian, and Polish.
The most common language spoken in New Albany is English. Other important languages spoken here include Spanish and Langs. of India.