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. 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", 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 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 village’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.
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 2018 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.