New Albany is a somewhat small village located in the state of Ohio. With a population of 10,889 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 $203,194.00.
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 93.03% 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 (19.31%), healthcare (14.93%), and sales jobs (14.34%).
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: 7.54% 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 people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.
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.
New Albany is a small village, and as such doesn't have a public transit system that people use to get to and from their jobs every day.
If knowledge is power, New Albany is a pretty powerful place. 75.41% 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 2010 was $78,752, which is wealthy relative to Ohio and the nation. This equates to an annual income of $315,008 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.