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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 $1.7K/month more in Phoenix, AZ

$150.0K in your current city equals $169.9K in Phoenix, AZ

Rent data from HUD ZIP-level estimates ยท COL index from Louisville/Jefferson County, KY-IN area
Overall Cost
โ†‘ 22.2%
More expensive
Monthly Impact
$1,662
Extra cost
Annual Impact
$19.9K
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

Phoenix, AZ

Population:1608K
Cost Index:122
Median Home:$414K

New Albany, IN

The Hoosier State

37K
Population
State Tax
Yes

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

Phoenix, AZ

The Grand Canyon State

1.6M
Population
State Tax
Yes
Climate
Hot desert

Notable Facts

  • โ€ขFastest growing major city
  • โ€ขDesert metropolis
  • โ€ขSpring training capital

Major Industries

TechnologyHealthcareTourismManufacturing

Cost Breakdown by Category

Annual spending: New Albany, IN vs Phoenix, AZ

๐Ÿ Housing
โ†‘ 54.9%
New Albany, IN
$1,800
Phoenix, AZ
$2,788
Difference
$988
more
๐Ÿš—Transportation
โ†‘ 21.0%
New Albany, IN
$1,231
Phoenix, AZ
$1,489
Difference
$258
more
๐Ÿ“ฆOther
โ†‘ 12.4%
New Albany, IN
$1,493
Phoenix, AZ
$1,677
Difference
$185
more
โšกAll Utilities
โ†‘ 24.7%
New Albany, IN
$450
Phoenix, AZ
$561
Difference
$111
more
๐ŸฅHealthcare
โ†‘ 7.8%
New Albany, IN
$546
Phoenix, AZ
$589
Difference
$42.34
more
๐Ÿ›’Groceries
โ†‘ 3.6%
New Albany, IN
$929
Phoenix, AZ
$963
Difference
$33.87
more

๐Ÿ›๏ธ Local Income Taxes

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

Phoenix, AZ 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$1,390
โ†‘ $632
1 Bed
From$822
To$1,510
โ†‘ $688
2 Bed
From$997
To$1,750
โ†‘ $753
3 Bed
From$1,277
To$2,330
โ†‘ $1,053
New Albany, INZIP-level data

1BR range: $1,030โ€“$1,030/mo

Phoenix, AZZIP-level data

1BR range: $1,300โ€“$2,380/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
$8,068
Monthly in Phoenix, AZ
$1,618
Difference

Home Values

New Albany
Phoenix
$226K
Median Value
$414K
โ†‘ +3.4%
YoY Change
โ†“ -3.1%
โ†‘ +36.8%
5-Year Change
โ†‘ +30.2%
$226K
Price Range
$274K - $957K

Homes in Phoenix are 83% 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†“ $388
More taxes
Monthly Difference
$32.32
Less take-home
Effective Rate Diff
0.3%
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

Phoenix, AZ

Federal Income Tax
Effective: 18.9%
$25.5K
Arizona State Tax
Effective: 3.5%
$5.2K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 28.2%
$42.2K
Take-Home Pay
$8,979/month
$107.8K

Additional Tax Information

New Albany, IN Tax Rates

Sales Tax:7.0%
Property Tax:0.9%

Phoenix, AZ Tax Rates

Sales Tax:8.5%
Property Tax:0.6%

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
Phoenix
50 Good
Air Quality
77 Moderate
50.8%
Good Air Days
9%
98 High
Climate Risk
100 Very High
๐ŸŒŠ๐ŸŒก๐ŸŒช
Top Hazards
๐Ÿ”ฅ๐ŸŒŠ๐ŸŒก
โ–ฒ+2.9ยฐF
2050 Outlook
โ–ฒ+2.7ยฐF
37 days
Heat Days >95ยฐF
162 days
โ–ฒ+2.9ยฐF
2050 Outlook
โ–ฒ+2.7ยฐF
37 days
Heat Days >95ยฐF
162 days

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

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