New Albany, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, New Albany, Indiana had a total population of 37,581, the 25th largest city in Indiana, with a median household income of $54,710, which is 24% lower than the state average. The poverty rate is 18.9%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
New Albany Quick Facts
How New Albany Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 37,589 | 37,581 | -0.0% |
| Median household income | $54,152 | $54,710 | +1.0% |
| Median home value | $169,600 | $180,500 | +6.4% |
How New Albany Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
New Albany Rankings in Indiana
Explore Indiana Rankings
Other Cities in Floyd County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Georgetown | 3,800 | $113,265 | 2.1% | $302,300 |
| Greenville | 1,575 | $134,934 | 5.6% | $318,900 |
| Galena | 1,549 | $127,738 | 1.8% | $281,200 |
Cities Similar to New Albany
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Goshen | 34,420 | $59,184 | $184,900 | 23.7% | 17.1% |
| Merrillville | 36,476 | $67,587 | $211,400 | 26.1% | 12.6% |
| Richmond | 35,581 | $45,399 | $114,400 | 20.1% | 25.4% |
| Portage | 38,082 | $76,276 | $224,200 | 18.4% | 11.6% |
| Michigan City | 31,814 | $53,089 | $143,100 | 20.3% | 19.8% |
Population Overview
New Albany is a mid-sized community located in Indiana, within Floyd County. The total population is 37,581. It ranks as the 25th most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in New Albany is 38.2 years. This is about the same as the state median of 38.1 years.
Economy, Income & Housing
The median household income in New Albany is $54,710. This is 24% lower than the state median of $71,957. It is also 32% lower than the national median of $80,734. The poverty rate stands at 18.9%. This is 53% higher than the state poverty rate of 12.3%. The unemployment rate is 6.0%. This is 39% higher than the state rate of 4.3%. The median home value is $180,500. Housing costs are 17% lower than the state median of $218,200. The home-value-to-income ratio is 3.3x. 55.4% of occupied housing units are owner-occupied. This homeownership rate is 21% lower than the state average of 70.5%.
Race & Ethnicity
The largest racial or ethnic group in New Albany is White (non-Hispanic), making up 79.5% of the population. Black or African American residents account for 7.7%. The Asian population (1.3%) is well below the state average of 2.6%.
Education
23.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 19% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 89.5%.
Data Sources & Methodology
All demographic data for New Albany, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of New Albany, Indiana?
New Albany, Indiana has a population of 37,581 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in New Albany, IN?
The median household income in New Albany is $54,710, which is 32% lower than the national median of $80,734.
What is the poverty rate in New Albany, IN?
The poverty rate in New Albany is 18.9%. This means approximately 6,876 residents live below the federal poverty line.
What is the racial makeup of New Albany, Indiana?
New Albany's population is 79.5% White, 7.7% Black, 5.5% Hispanic/Latino, and 1.3% Asian.
What is the median home value in New Albany, IN?
The median home value in New Albany is $180,500. The home-value-to-income ratio is 3.3x.
How educated is New Albany, Indiana?
23.7% of adults (25+) in New Albany hold a bachelor's degree or higher, and 8.7% hold a graduate or professional degree.