New Albany, OH is #3 on the list Top 100 Most Affordable U.S. Cities with Outstanding Education in 2023, #26 on the list Top 100 Safest places in America in 2023, #2 on the list Top 100 Best Places to Raise a Family in the Midwest in 2023, #1 on the list Top 100 Best Places to Raise a Family in the Midwest in 2023
Cost of living in New Albany, Ohio
Cost of living compared to USAmoderate
Cost of living compared to Ohiothe highest
Median household incomethe highest
Is it expensive to live in New Albany, Ohio? When calculating the cost of living in New Albany, Ohio we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.
The cost of living in New Albany, Ohio is moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Ohio, while median household income in New Albany is $200,580 which is the highest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Ohio.
Taxes in New Albany, Ohio
The sales tax rate in New Albany, Ohio is 7.6%. Last year, the average property taxes paid was 2.0% New Albany, Ohio.
Here is the table with the State Income Taxes in the state of Ohio:
State Income Tax Brackets (Single):
| Income Bracket Threshold | Income Bracket Ceiling | Ohio Income Tax Rate |
|---|---|---|
| $0 | $25,000 | 0.0% |
| $25,000 | $44,250 | 2.765% |
| $44,250 | $88,450 | 3.226% |
| $88,450 | $110,650 | 3.688% |
| $110,650 | $9,999,999 | 3.99% |
State Income Tax Brackets (Married):
| Income Bracket Threshold | Income Bracket Ceiling | Ohio Income Tax Rate |
|---|---|---|
| $0 | $25,000 | 0.0% |
| $25,000 | $44,250 | 2.765% |
| $44,250 | $88,450 | 3.226% |
| $88,450 | $110,650 | 3.688% |
| $110,650 | $9,999,999 | 3.99% |
Housing costs in New Albany, Ohio
The average cost of a single-family home compared to USAhigh
The average cost of a single-family home compared to Ohiothe highest
In New Albany, Ohio, 91.0% of the population owns their homes, while approximately 9.0% rent. The average cost of a single-family home in New Albany, Ohio in 2022 is $343,454 which is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Ohio. The average one-bedroom apartment cost is approximately $1,126 per month.
| Rental Size | Monthly Cost | Compared to Ohio |
|---|---|---|
| 1 Bedroom | $1,126 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 2 Bedroom | $1,391 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 3 Bedroom | $1,705 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 4 Bedroom | $1,886 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
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