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Cost of Living Comparison 2026

๐Ÿ“ New Albany, IN โ€” ZIP-level rent data ยท COL adjusted from Louisville, KY area

$

Numbers update automatically as you type

You'd spend $1.1K/month more in Charlotte, NC

$150.0K in your current city equals $163.3K in Charlotte, NC

Rent data from HUD ZIP-level estimates ยท COL index from Louisville/Jefferson County, KY-IN area
Overall Cost
โ†‘ 14.8%
More expensive
Monthly Impact
$1,111
Extra cost
Annual Impact
$13.3K
Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

New Albany, IN

Population:37K
Cost Index:100
Median Home:$226K

Charlotte, NC

Population:875K
Cost Index:115
Median Home:$399K

New Albany, IN

The Hoosier State

37K
Population
State Tax
Yes

Located in Indiana, this city has a population of 37K residents.

Charlotte, NC

The Tar Heel State

875K
Population
State Tax
Yes
Climate
Humid subtropical

Notable Facts

  • โ€ขMajor banking center
  • โ€ขNASCAR headquarters
  • โ€ขQueen City

Major Industries

FinanceTechnologyEnergyMotorsports

Cost Breakdown by Category

Annual spending: New Albany, IN vs Charlotte, NC

๐Ÿ Housing
โ†‘ 37.1%
New Albany, IN
$1,800
Charlotte, NC
$2,469
Difference
$669
more
๐Ÿ“ฆOther
โ†‘ 14.4%
New Albany, IN
$1,493
Charlotte, NC
$1,707
Difference
$215
more
๐ŸฅHealthcare
โ†‘ 16.8%
New Albany, IN
$546
Charlotte, NC
$638
Difference
$91.91
more
โšกAll Utilities
โ†‘ 15.4%
New Albany, IN
$450
Charlotte, NC
$519
Difference
$69.11
more
๐Ÿ›’Groceries
โ†‘ 6.4%
New Albany, IN
$929
Charlotte, NC
$989
Difference
$59.85
more
๐Ÿš—Transportation
โ†“ 2.3%
New Albany, IN
$1,231
Charlotte, NC
$1,202
Difference
$28.87
less

๐Ÿ›๏ธ Local Income Taxes

New Albany, IN: Floyd County Income Tax$2,430/yr (1.6%)

Charlotte, NC has no local income tax.

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

๐Ÿ Rent Comparison

Studio
From$758
To$1,630
โ†‘ $872
1 Bed
From$822
To$1,710
โ†‘ $888
2 Bed
From$997
To$1,870
โ†‘ $873
3 Bed
From$1,277
To$2,300
โ†‘ $1,023
New Albany, INZIP-level data

1BR range: $1,030โ€“$1,030/mo

Charlotte, NCZIP-level data

1BR range: $1,340โ€“$2,310/mo

๐Ÿ’ก Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$6,450
Monthly in New Albany, IN
$7,525
Monthly in Charlotte, NC
$1,075
Difference

Home Values

New Albany
Charlotte
$226K
Median Value
$399K
โ†‘ +3.4%
YoY Change
โ†“ -1.1%
โ†‘ +36.8%
5-Year Change
โ†‘ +40.8%
$226K
Price Range
$293K - $1.57M

Homes in Charlotte are 76% more expensive than New Albany

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
โ†“ $2.3K
More taxes
Monthly Difference
$190
Less take-home
Effective Rate Diff
1.5%
Rate difference

New Albany, IN

Federal Income Tax
Effective: 18.9%
$25.5K
Indiana State Tax
Effective: 3.2%
$4.8K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 27.9%
$41.9K
Take-Home Pay
$9,012/month
$108.1K

Charlotte, NC

Federal Income Tax
Effective: 18.9%
$25.5K
North Carolina State Tax
Effective: 4.8%
$7.1K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.4%
$44.1K
Take-Home Pay
$8,822/month
$105.9K

Additional Tax Information

New Albany, IN Tax Rates

Sales Tax:7.0%
Property Tax:0.9%

Charlotte, NC Tax Rates

Sales Tax:7.1%
Property Tax:0.8%

๐Ÿ’ก Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

New Albany
Charlotte
50 Good
Air Quality
51 Moderate
50.8%
Good Air Days
46.2%
98 High
Climate Risk
97 High
๐ŸŒŠ๐ŸŒก๐ŸŒช
Top Hazards
๐ŸŒŠ๐ŸŒช๐Ÿ’จ
โ–ฒ+2.9ยฐF
2050 Outlook
โ–ฒ+2.9ยฐF
37 days
Heat Days >95ยฐF
36 days
โ–ฒ+2.9ยฐF
2050 Outlook
โ–ฒ+2.9ยฐF
37 days
Heat Days >95ยฐF
36 days

๐Ÿ’ฐ See how taxes change too โ€” compare take-home pay between Indiana and North Carolina on TaxTakeHome.com

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