Cost of Living in New Albany
New Albany runs genuinely, substantially above every other Ohio Tier B market documented in this project's own coverage, with exceptionally high housing costs offset partly by a lower city income tax rate.
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Learn moreGenuinely, exceptionally expensive housing
Reported housing figures spanned roughly $505,000-$720,000 across sources reviewed this pass -- genuinely, substantially above Columbus's own citywide figures and every other Ohio Tier B market in this project, consistent with New Albany's exceptionally affluent identity ($238,250 median household income per one aggregator).
A genuinely high, two-county property tax picture
New Albany's own effective property tax rate ran 2.24%-2.42% across sources/counties this pass -- above Franklin County's own broader 1.67% countywide average -- and New Albany's incorporated area genuinely spans both Franklin and Licking counties, a real geographic complexity to confirm for a specific address.
A genuinely lower city income tax rate than Columbus
New Albany's 2.0% city income tax (via RITA) runs genuinely lower than Columbus's 2.5% rate. Combined with Ohio's flat 2.75% state rate, New Albany's approximate combined marginal rate runs 4.75% above the $26,050 state exemption threshold.
Key takeaways
- New Albany's housing costs (roughly $505,000-$720,000 across cited sources) run genuinely, substantially above every other Ohio Tier B market in this project.
- New Albany's effective property tax rate (2.24%-2.42%) runs above Franklin County's own 1.67% countywide average, and the city genuinely spans two counties.
- New Albany's city income tax (2.0% via RITA) runs genuinely lower than Columbus's own 2.5% rate.
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