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The total population of New Albany is estimated to be 37,598 with 17,893 males (47.59%) and 19,705 females (52.41%). There are 1,812 more females than males in New Albany.
The median household income in New Albany was $53,428 in 2021, which marked an a decrease of 2,566(4.58%) from $55,994 in 2020. This income is 71.61% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, New Albany sees its highest median household income among householders in the age group of 45 to 64 years old, at $60,786. Overall, the median household income for the city of New Albany stands at $53,428.
In New Albany, the median income for all workers aged 15 years and older, regardless of work hours, was $39,752 for males and $26,193 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $51,108 for males and $45,607 for females.
In New Albany, the demographic landscape is diverse, spanning 6 distinct racial categories among households. Among these, American Indian and Alaska Native households have the highest median household income at $101,606, while Black or African American households represent the opposite end with the lowest median household income of $29,650.
In 2022, the population of New Albany was 37,506, a 0.33% decrease year-by-year from 2021. Previously, in 2021, New Albany's population was 37,630, a decline of 0.46% compared to a population of 37,805 in 2020.
The median age in New Albany, IN is 38.8, as per 2021 ACS 5-Year Estimates. Of the total population, 16.95% were under the age of 15, 20.63% aged 15 to 29, 45.44% aged 30 to 64, 14.12% aged 65 to 84, and 2.87% were 85 years of age and older.
Racial distribution of New Albany population: 84.19% are White, 8.37% are Black or African American, 0.17% are American Indian and Alaska Native, 0.76% are Asian, 0.02% are Native Hawaiian and other Pacific Islander, 1.29% are some other race and 5.20% are multiracial.