Last updated: 2024 BLS data · Page refreshed:
New Albany has a population of 7,663 with a median age of 38.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 7,663 |
| Median Age | 38.4 |
| White | 60.6% |
| Black or African American | 27.3% |
| Asian | 0.6% |
| Hispanic or Latino | 7.7% |
| Other / Two or More Races | 3.8% |
The median household income in New Albany is $51,332, which is 36.3% below the national median of $80,610. The per capita income is $29,201. The poverty rate is 14.8%.
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In New Albany, 85.6% of residents age 25+ have a high school diploma or higher, and 25.8% hold a bachelor's degree or higher (11.7% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 85.6% |
| Bachelor's Degree or Higher | 25.8% |
| Graduate or Professional Degree | 11.7% |
The median home value in New Albany is $161,400, below the national median of $303,400. The median monthly rent is $973. The homeownership rate is 61.7%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $161,400 |
| Median Monthly Rent | $973 |
| Homeownership Rate | 61.7% |
| Vacancy Rate | 21.2% |
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