Cost of Living in New Albany, OH
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
284.5
100 = national avg
+184.5 vs national average
Living Wage (1 Adult)
$125,178
per year
Living Wage (Family of 4)
$295,876
per year
Cost Index by Category
Housing308.2
Food200.0
Transportation355.4
Healthcare200.0
Utilities200.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,194
per month
2 Bedroom
$1,430
per month
The overall cost of living index in New Albany is 284.5, which is 184.5% above the national average. Housing costs are above the national average at an index of 308.2. A single adult needs to earn approximately $125,178 per year to cover basic expenses.