Electricity rates in New Albany, Indiana
New Albany, IN ranks 2 of 35 Indiana cities with 30,000+ residents for damaging-wind and tornado reports within 15 miles (381 since 2015). New Albany, Indiana has 37,589 residents in 16,156 households; 33.2% heat with electricity.
New Albany on the map
Floyd County, with New Albany marked
Outage risk around New Albany
New Albany, IN, NWS reports within 15 miles of the centre, 2015 to 2025: 361 wind and 20 tornado, 1,013.6 per 100,000 residents of 37,589. Top gust near New Albany, IN: 81 knots, 93 mph. Damage near New Albany, IN: $1.9M.
Reports within 15 miles of New Albany, IN
wind and tornado reports, New Albany, IN
- 57'15
- 37'16
- 26'17
- 39'18
- 11'19
- 19'20
- 14'21
- 37'22
- 51'23
- 39'24
- 51'25
| New Albany, IN | Wind | Tornado | Total |
|---|---|---|---|
| New Albany, IN, 2015 | 57 | 0 | 57 |
| New Albany, IN, 2016 | 37 | 0 | 37 |
| New Albany, IN, 2017 | 24 | 2 | 26 |
| New Albany, IN, 2018 | 39 | 0 | 39 |
| New Albany, IN, 2019 | 11 | 0 | 11 |
| New Albany, IN, 2020 | 19 | 0 | 19 |
| New Albany, IN, 2021 | 14 | 0 | 14 |
| New Albany, IN, 2022 | 37 | 0 | 37 |
| New Albany, IN, 2023 | 42 | 9 | 51 |
| New Albany, IN, 2024 | 31 | 8 | 39 |
| New Albany, IN, 2025 | 50 | 1 | 51 |
Who supplies New Albany
Floyd County lists 3 utilities for New Albany, IN (37,589 residents): homes pay 12.75 to 14.63 cents per kWh, about $115 to $132 a month at 901 kWh, 2.5% to 2.9% of the $54,152 New Albany median income. Floyd County page.
Facts about New Albany
- Residents of New Albany, IN, ACS 2023
- 37,58925 of 35 Indiana cities with 30,000+
- Median household income in New Albany, IN
- $54,15221 of 35 of those cities
- Households in New Albany, IN
- 16,1562.33 people each
- Owner-occupied homes in New Albany, IN
- 55.9%9,028 owners and 7,128 renter households
- Housing units in New Albany, IN
- 18,4292,273 vacant or seasonal
- Homes heated by electricity in New Albany, IN
- 33.2%5,364 of 16,156 homes
- Land area of New Albany, IN
- 15.5 sq mi2,425.1 people per sq mi
- Bill as share of income in New Albany, IN
- 2.5% to 2.9%at 901 kWh a month over the $54,152 median household income
- Wind and tornado reports within 15 miles of New Albany, IN
- 381NWS point reports 2015 to 2025, 1,013.6 per 100,000 residents
- Median year homes were built in New Albany, IN
- 196213,097 of 18,429 homes (71.1%) before 1980
- Median home value and rent in New Albany, IN
- $169,600$971 gross rent a month, 6.87% of value a year
Housing and heating in New Albany
New Albany, IN: 13,097 of 18,429 homes were built before 1980 and 2,202 in 2000 or later. New Albany, IN has 11,375 detached houses, 4,092 homes in 5+ unit buildings and 465 mobile homes.
Age of homes in New Albany, IN
% of homes by decade built, New Albany, IN
- 25pre-40
- 940s
- 1350s
- 1360s
- 1270s
- 1080s
- 790s
- 600s
- 510s
- 020+
Heating fuel in New Albany, IN
| New Albany, IN | Value | County | Gap | Rank |
|---|---|---|---|---|
| New Albany, IN, median year built | 1962 | 1978 | -16 years | 26 of 35 |
| New Albany, IN, built before 1980 | 71.1% | 52.9% | +18.2 points | 9 of 35 |
| New Albany, IN, built 2000 or later | 11.9% | 20.0% | -8.0 points | 25 of 35 |
| New Albany, IN, detached houses | 61.7% | 75.5% | -13.7 points | 26 of 35 |
| New Albany, IN, apartments in 5+ unit buildings | 22.2% | 13.0% | +9.2 points | 10 of 35 |
| New Albany, IN, mobile homes | 2.5% | 2.9% | -0.4 points | 12 of 35 |
| New Albany, IN, renter households | 44.1% | 26.9% | +17.2 points | 12 of 35 |
| New Albany, IN, median home value | $169,600 | $235,100 | -$65,500 | 22 of 35 |
| New Albany, IN, median gross rent a month | $971 | $990 | -$19 | 27 of 35 |
| New Albany, IN, people per household | 2.26 | 2.54 | -0.28 | 24 of 35 |
Cost of living with electricity in New Albany
New Albany, IN: 16,156 households at $1,744 a year per home for electricity (Floyd County average, DOE LEAD) come to about $28.2 million, an estimate; all home energy is $2,365 a year per household.
| Group in New Albany, IN | Households | Power per home | Power bill of the group | Share of New Albany, IN median income |
|---|---|---|---|---|
| New Albany, IN, all households | 16,156 | $1,744 | $28.2 million | 3.22% |
| New Albany, IN, homeowners | 9,028 | $1,968 | $17.8 million | 3.63% |
| New Albany, IN, renters | 7,128 | $1,097 | $7.8 million | 2.03% |
Who lives in New Albany: income, cars, homes
New Albany, IN homes: 8,910 have 3+ bedrooms, 2,949 none or one, median 5.3 rooms. In New Albany, IN, 1,716 households own no vehicle and 8,348 own two or more; home EV charging depends on that. In New Albany, IN, 3,076 of 6,794 renter households pay 30% or more of income in rent; 6,164 households moved in since 2018 and 3,449 before 2000, so electric accounts turn over at a moderate pace. 6,710 residents of New Albany, IN live below the poverty line, and the median age is 38.0. In New Albany, IN, 4,770 of 16,156 households earn under $35,000, 5,696 $35,000-$75,000, 4,447 $75,000-$150,000 and 1,243 $150,000 or more. Of 17,533 workers in New Albany, IN, 1,800 work from home, 13,593 drive alone, 41 ride transit and 407 walk.
Household income in New Albany, IN
| New Albany, IN | Value | Rank in Indiana |
|---|---|---|
| New Albany, IN, households under $35,000 | 29.5% | 16 of 35 |
| New Albany, IN, households $150,000 or more | 7.7% | 24 of 35 |
| New Albany, IN, residents below poverty | 18.4% | 13 of 35 |
| New Albany, IN, median age | 38.0 | 12 of 35 |
| New Albany, IN, homes with 3+ bedrooms | 48.3% | 29 of 35 |
| New Albany, IN, households without a vehicle | 10.6% | 8 of 35 |
| New Albany, IN, households with 2+ vehicles | 51.7% | 17 of 35 |
| New Albany, IN, workers at home | 10.3% | 16 of 35 |
| New Albany, IN, cost-burdened renters | 45.3% | 25 of 35 |
| New Albany, IN, moved in since 2018 | 38.2% | 17 of 35 |
| New Albany, IN, moved in before 2000 | 21.3% | 8 of 35 |
Analyst note on New Albany
5,364 of the 16,156 occupied homes in New Albany, IN heat with electricity. New Albany, IN counts 37,589 residents in 16,156 households, on 15.5 square miles. Household income in New Albany, IN is $54,152; 9,028 of its 16,156 households own.
New Albany, IN has 18,429 housing units, 2,273 of them vacant or seasonal. New Albany, IN ranks 8 of 35 Indiana cities for households without a vehicle (10.6%). New Albany, IN ranks 9 of 35 Indiana cities for the oldest homes (median year built 1962).
New Albany, IN ranks 9 of 35 Indiana cities for the lowest median rent ($971 a month).
Bill and heat pump calculator, New Albany
Compare New Albany with nearby cities
| City near New Albany, IN | Distance from New Albany | Residents | Median income | Median year built | Median home value | Storm reports within 15 miles | Work from home |
|---|---|---|---|---|---|---|---|
| New Albany, IN (this page) | 0 mi | 37,589 | $54,152 | 1962 | $169,600 | 381 | 10.3% |
| Jeffersonville, IN | 7.1 mi east | 50,176 (+12,587) | $70,157 (+$16,005) | 1981 (+19 yr) | $208,500 (+$38,900) | 405 (+24) | 13.2% (+3.0 pts) |
| Columbus, IN | 62.2 mi north | 51,104 (+13,515) | $76,856 (+$22,704) | 1981 (+19 yr) | $231,000 (+$61,400) | 86 (-295) | 13.3% (+3.0 pts) |
| Bloomington, IN | 69.9 mi northwest | 78,791 (+41,202) | $48,918 (-$5,234) | 1984 (+22 yr) | $289,700 (+$120,100) | 80 (-301) | 16.9% (+6.7 pts) |
| Greenwood, IN | 90.5 mi north | 64,237 (+26,648) | $78,765 (+$24,613) | 1995 (+33 yr) | $248,700 (+$79,100) | 170 (-211) | 11.5% (+1.2 pts) |
| Evansville, IN | 95.6 mi west | 116,441 (+78,852) | $52,251 (-$1,901) | 1960 (-2 yr) | $129,100 (-$40,500) | 146 (-235) | 5.2% (-5.1 pts) |
ZIP codes in New Albany
| ZIP area touching New Albany, IN | Share of the ZIP's land inside New Albany | Share of New Albany's land in the ZIP |
|---|---|---|
| 47150 (New Albany, IN) | 34.3% | 100.0% |
Census 2020 ZCTA to place land-area overlap. Look up any ZIP.
Indiana: home prices since 2001, planned plants.
Questions on New Albany
New Albany: what is the electricity rate?
New Albany, IN has no price of its own; its 37,589 residents are served by one of 3 utilities, and a 901 kWh month costs $115 to $132.
New Albany: how does it rank among Indiana cities?
New Albany, IN: rank 25 of 35 by its 37,589 residents, rank 21 of 35 by $54,152 median income.
New Albany: how many homes heat with electricity?
New Albany, IN: 5,364 of 16,156 occupied homes, 33.2%; Floyd County 43.3%.
New Albany: how much income goes to electricity?
At 901 kWh a month, 2.5% to 2.9% of the $54,152 median income in New Albany, IN.
New Albany: damaging storms reported nearby?
381 NWS wind and tornado reports within 15 miles of the centre of New Albany, IN, 2015 to 2025, 1,013.6 per 100,000 residents.
How old are the homes in New Albany?
New Albany, IN: median home built 1962; 13,097 of 18,429 homes (71.1%) predate 1980, 11,375 are detached and 4,092 sit in buildings of 5+ units.
How big are the homes in New Albany, IN?
8,910 of 18,429 homes have 3+ bedrooms; median 5.3 rooms.
How many New Albany, IN households have no car?
1,716 households; 8,348 have two or more.
How many New Albany, IN renters struggle with rent?
3,076 of 6,794 renter households pay 30% or more of income in rent.