Auburn, IN vs New Albany, IN

Auburn is moderately more affordable than New Albany, with a 6.8% lower cost of living index. Auburn scores 71 compared to 76 for New Albany, where the US average is 100. This difference means residents of New Albany can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Auburn is $831/month compared to $971/month in New Albany — a 14% difference. Interestingly, home values tell a different story: while Auburn has cheaper rent, New Albany actually has lower median home values ($169,600 vs $172,800).

Median household income in Auburn is $62,339 compared to $54,152 in New Albany (+15.1%). Auburn offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Auburn spend roughly 16% of their income on rent, less than the 21.5% in New Albany.