New Albany is a somewhat small village located in the state of Ohio. With a population of 9,879 people and two constituent neighborhoods, New Albany is the 202nd largest community in Ohio. Much of the housing stock in New Albany was built relatively recently. The construction of new real estate can often be taken as an indication that the local New Albany economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in New Albany, where the median household income is $196,030.00.
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 92.74% of the workforce employed in white-collar jobs, well above the national average. Overall, New Albany is a village of managers, professionals, and sales and office workers. There are especially a lot of people living in New Albany who work in management occupations (23.68%), sales jobs (13.83%), and business and financial occupations (11.90%).
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.
Of important note, New Albany is also a village of artists. New Albany has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape New Albany’s character.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.69% 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.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in New Albany. 76.54% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in New Albany in 2010 was $80,247, which is wealthy relative to Ohio and the nation. This equates to an annual income of $320,988 for a family of four.
New Albany is a somewhat 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 Asian. Important ancestries of people in New Albany include Irish, English, Italian, and Polish.
The most common language spoken in New Albany is English. Other important languages spoken here include Spanish and Gujarathi.