New Albany

Population: 37,589
Median household income: $54,152
Median home value: $169,600

Located in Floyd County, Indiana, New Albany is a community with a population of 37,589. At $54,152, its median household income sits below Floyd County's $78,179.

From 2019 to 2023, New Albany's population grew 2.6% from 36,647 to 37,589, while its median home value rose 38.1% from $122,800 to $169,600.

Owners occupy 55.9% of the area's occupied homes. The median resident is 38.0 years old.

Demographics

ACS 2019–2023

Population: 37,589
Median age: 38.0 yrs
Median household income: $54,152
Median home value: $169,600
Median gross rent: $971
Housing units: 18,429
Homeownership rate: 55.9%
Bachelor's degree or higher: 22.8%
Unemployment rate: 5.3%

Trends

ACS 5-year · 2019–2023

Population

36,64737,589

Median household income

$48,734$54,152

Median home value

$122,800$169,600

Median gross rent

$784$971

Year	Population	Median household income	Median home value	Median gross rent
2019	36,647	$48,734	$122,800	$784
2020	36,730	$49,415	$128,700	$791
2021	37,350	$49,429	$139,500	$852
2022	37,598	$53,982	$160,600	$927
2023	37,589	$54,152	$169,600	$971

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 56.0%

5 to 1714.5%

18 to 249.5%

25 to 3416.2%

35 to 4413.6%

45 to 5410.0%

55 to 6412.1%

65 to 7410.9%

75 and over7.1%

	Count	Share
Under 5	2,267	6.0%
5 to 17	5,451	14.5%
18 to 24	3,566	9.5%
25 to 34	6,101	16.2%
35 to 44	5,112	13.6%
45 to 54	3,770	10.0%
55 to 64	4,554	12.1%
65 to 74	4,096	10.9%
75 and over	2,672	7.1%

Race & ethnicity

	Count	Share
White (non-Hispanic)	30,079	80.0%
Black or African American	3,120	8.3%
American Indian & Alaska Native	14	0.0%
Asian	440	1.2%
Native Hawaiian & Pacific Islander	27	0.1%
Some other race	112	0.3%
Two or more races	1,764	4.7%
Hispanic or Latino (any race)	2,033	5.4%

Educational attainment (age 25+)

No high school diploma10.4%

High school graduate37.2%

Some college or associate's29.6%

Bachelor's degree13.9%

Graduate or professional degree8.9%

	Count	Share
No high school diploma	2,736	10.4%
High school graduate	9,790	37.2%
Some college or associate's	7,786	29.6%
Bachelor's degree	3,647	13.9%
Graduate or professional degree	2,346	8.9%

Commute to work

Mean travel time to work: 20 min

Drove alone77.5%

Carpooled8.6%

Public transit0.2%

Walked2.3%

Bicycle0.1%

Worked from home10.3%

Other means0.9%

How workers get to work

	Count	Share
Drove alone	13,593	77.5%
Carpooled	1,511	8.6%
Public transit	41	0.2%
Walked	407	2.3%
Bicycle	20	0.1%
Worked from home	1,800	10.3%
Other means	161	0.9%

Travel time

	Count	Share
Under 15 min	5,101	32.4%
15 to 29 min	7,853	49.9%
30 to 44 min	1,860	11.8%
45 to 59 min	472	3.0%
60+ min	447	2.8%

Households

Average household size: 2.26
Poverty rate: 18.4% (6,710 of 36,408)

	Count	Share
Family households	8,396	52.0%
Nonfamily households	7,760	48.0%

Housing

Median year structure built: 1962

Occupancy

	Count	Share
Occupied	16,156	87.7%
Vacant	2,273	12.3%

Tenure (of occupied units)

	Count	Share
Owner-occupied	9,028	55.9%
Renter-occupied	7,128	44.1%

1-unit, detached61.7%

1-unit, attached4.3%

2 to 4 units9.2%

5 to 19 units12.4%

20 or more units9.8%

Mobile home & other2.5%

Units in structure

	Count	Share
1-unit, detached	11,375	61.7%
1-unit, attached	798	4.3%
2 to 4 units	1,699	9.2%
5 to 19 units	2,282	12.4%
20 or more units	1,810	9.8%
Mobile home & other	465	2.5%

Geography

Place GEOID: 1852326
Type (LSAD): 25
Land area: 15 sq mi
Water area: 0.17 sq mi
Center point: 38.3122, -85.8240