New Albany, IN vs Speedway, IN

New Albany is moderately more affordable than Speedway, with a 9.8% lower cost of living index. New Albany scores 76 compared to 84 for Speedway, where the US average is 100. This difference means residents of Speedway can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in New Albany is $971/month compared to $1,120/month in Speedway — a 13% difference. Home values follow the same pattern: New Albany is more affordable at $169,600 median vs $209,400.

Median household income in New Albany is $54,152 compared to $57,158 in Speedway (-5.3%). The higher salaries in Speedway partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of New Albany spend roughly 21.5% of their income on rent, less than the 23.5% in Speedway.