Apartments for rent in New Albany, OH

New Albany is a town in Ohio with a population of approximately 10,000. Families with children should fit right in, as kids aged 5-14 make up an above-average 27% of the population, while young adults are less well-represented. Overall, the city's population, with an average age of just over 35, is decidedly younger than most cities in Ohio. Renters tend to be in the minority in the city, and 85% of residents own their homes. With an average rent of $1,506/month, exceeding the state average by $695/month, relatively high rent costs could be playing a role in the higher levels of ownership.

New Albany has a large concentration of residents older than 25 who have advanced degrees compared to the national average (7%), as 14% possess a Master's degree or a Doctorate. Further, 24% have earned a Bachelor's degree, which also outpaces the national average. Many New Albany residents work in one of three industries: retail, healthcare, and finance. Combined, these industries make up 21% of the city's labor force. Meanwhile, in terms of job function, many of the city's residents work in management, which ranks as the top profession in the city. New Albany workers bring in an average annual income of nearly $156,000, the fourth-highest average income of any municipality in Ohio. The city's average income also compares favorably to the national average ($73,345).

New Albany residents have an average commute of about 24 minutes. Driving a vehicle is the most common mode of getting to work, chosen by 42% of commuters, while public transportation is not used. A small percentage of commuters walk to work.