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New Albany, Ohio

city · Franklin County (primary) , Licking County, Mahoning County

At a glance

10,896
Population
$772,100
Median home value (all homes)
154% above U.S. median
$634,313
Typical market value
Zillow, 2026-07
$2,355/mo
Median rent
75% above U.S. median
$238,250
Median household income
203% above U.S. median
22.1 min
Average commute
99.2%
Homes with broadband
49%
Locations with fiber available
0.9%
Unemployment

Cost of living (Clay Affordability Index)

CAI 145 — 45% above the national average. how it's computed

Housing172% above
Goods & services4% below
Utilities30% above
Taxes13% below
Insurance36% below
Commute cost19% below
For business: Ohio is CBII band 3/5 · time to build band 2/5. See state page for the breakdown.

Living here

Nearest 4-year college5 mi
Nearest community college5 mi
Nearest technical college7 mi
High school graduates99.2%
College graduates79.4%

Doing business here

Economic development contacts, most local first:

city New Albany
The page promotes investment in New Albany, highlighting enduring public-private partnerships, a highly educated workforce, fiber optic connectivity, and quality-of-life amenities to attract and support business growth. It serves businesses looking to locate, expand, or invest in the city.
city Valley Economic Development Partners
Valley Economic Development Partners combines economic development expertise with flexible lending solutions to grow the region’s economy. The organization runs a Business Resource Center that provides free technical assistance to small business owners, helps with projections and business plans, and connects clients to outside professionals as a Tier I Minority Business Assistance Center (MBAC). As a Community Development Financial Institution (CDFI), it aims to expand economic opportunities for underserved communities through small‑business financial education, counseling, and one‑on‑one technical assistance to help access capital for startup or expansion.
county Heath-Newark-Licking County Port Authority
The Heath-Newark-Licking County Port Authority was created in 1995 to take over ownership of the Newark AFB upon closing. Today, it has a three-fold mission of management, development, and solutions for county-wide industrial development and growth efforts.
region Team NEO
state Copley
Copley Township's Community & Economic Development Department strives to foster sound economic development objectives and attract new businesses, with a focus on retaining small businesses and expanding the tax base. The page notes incentives may be available through JobsOhio and NOPEC, and highlights the BRE program and related initiatives.
state Duchouquet
state Falls
Olmsted Falls is a vibrant, business-friendly community where historic charm meets modern opportunity. The Economic Development Department is committed to supporting business growth, attracting new investment, and strengthening the local economy, providing responsive, personalized assistance to help you launch a new venture, expand an existing business, or relocate.
state First Energy Corp
FirstEnergy Corp is a parent company of several electric utilities, including Ohio Edison, The Illuminating Company, Toledo Edison, Met-Ed, Penelec, Penn Power, West Penn Power, Jersey Central Power & Light, Mon Power, and Potomac Edison, serving customers across Ohio, New Jersey, Maryland, Pennsylvania, West Virginia, and beyond.
state JobsOhio
Discover funding opportunities that support business growth, innovation, and community development through available loans, grants, and tax incentive programs. The site also highlights incentives, site selection resources, and workforce initiatives in Ohio.
state Lemon
state Monclova
state Ohio Department of Development
Empowering communities to succeed. The Ohio Department of Development aims to help Ohio businesses, communities, and individuals thrive. Its programs include Strategic Investment, Minority Business Development, Community Services, Governor’s Office of Appalachia, TourismOhio, and Research.
state Ohio's Electric Cooperatives
Ohio's Electric Cooperatives (OEC) provides economic development, engineering services, load management assistance, and marketing for its 24 member cooperatives in addition to providing reliable, affordable, and responsibly produced power generation and transmission. Our economic development team provides personalized, confidential economic development and site selection services for the territories served by its member cooperatives in 77 of Ohio's 88 counties.
state Pleasant
state Prairie
The Prairie Township government manages a Joint Economic Development District (JEDD) and Joint Economic Development Zone (JEDZ) to support economic development initiatives and services in the township, funded by an earnings tax on wages of workers within the zone.
state Symmes
Symmes Township's Economic Development program supports commercial development and incentives (tax abatements) for properties within the Community Reinvestment Area, in partnership with Alloy Development and Hamilton County.
state Turtlecreek
state Upper
State sales taxYes
State income taxYes
Right-to-work stateNo

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