New Albany
RANK #419 / 996 NAT · #20 / 28 IN · POP 80,191
1YR FORECAST: +2.0%
5YR OUTLOOK: +26%
Floyd County, Indiana, is often recognized for the "Floyds Knobs," a series of hills offering views of the Ohio River and downtown Louisville, Kentucky. Located just across the Ohio River from Louisville, the county seat, New Albany, provides a blend of historic charm and convenient access to a major metropolitan area. Commuting to Louisville is common, with the Sherman Minton Bridge connecting the two states. The county's landscape, with its rolling hills and woodlands, supports various outdoor activities, including hiking trails at places like Mount Saint Francis and the new Melvin and Vickie Jensen Nature Preserve.
Life in Floyd County appeals to families and professionals, many of whom commute to Louisville. The New Albany-Floyd County Consolidated School Corporation is a notable public school system in the state. Recent economic activity in the county has seen growth in sectors like manufacturing, healthcare, and education, with institutions such as Baptist Health Floyd Hospital and Indiana University Southeast contributing to the local economy. There has also been investment in infrastructure, including broadband expansion, and a focus on attracting and retaining jobs.
Above national median (4.7x)
Above national median
Below-average climate & terrain
Above national median (13x)
Housing is fairly valued at 5.2x relative to local economic output. The typical U.S. county is 4–6x.
Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.
Source: Redfin · Census BPS — Browse sales on Redfin →
Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →
Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →
| PROJECT | AMOUNT | STATUS |
|---|---|---|
|
Floyd Wind Energy Center
Invenergy
|
$171M | Planned |
|
Multifamily Residential Development (Floyd's Knobs)
Theeneman Group LLC
|
$50M | Approved |
|
Microgravity Payload Development Facility (Novaparke Innovation & Technology Campus)
Redwire Corp.
|
$50M | Under Construction |
|
MP Global Products Manufacturing Facility
MP Global Products, LLC
|
$50M | Completed |
Source: public records, news, corporate announcements. Amounts are estimates where noted.
Bars show percentile rank among all 996 counties.
Floyd County scores 58/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#419). Median household income is $75,686 and job growth is running at +2.2%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.
By national standards, Floyd County is quite affordable. Homes here have a median value of $214,800, and the income-to-home-value ratio of 0.35 is well above the U.S. average — especially with median rent at just $943/month. Residents can generally buy a home without being cost-burdened.
Floyd County is growing on multiple fronts. Population is up +0.8% year-over-year while employers added jobs at a +2.2% clip — and home values reflect that momentum, rising +3.2% over the past 12 months.
There's a moderate stream of newcomers. About 3.17% of residents moved from another state, which is above average and suggests Floyd County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.