Jasper, IN vs New Albany, IN

Jasper is moderately more affordable than New Albany, with a 5.6% lower cost of living index. Jasper scores 72 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 Jasper is $741/month compared to $971/month in New Albany — a 24% difference. Interestingly, home values tell a different story: while Jasper has cheaper rent, New Albany actually has lower median home values ($169,600 vs $203,300).

Median household income in Jasper is $65,283 compared to $54,152 in New Albany (+20.6%). Jasper offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Jasper spend roughly 13.6% of their income on rent, less than the 21.5% in New Albany.