College Costs in New Albany, IN 2026
Compare tuition, housing, and financial aid across 2 colleges in New Albany, Indiana. Use our free calculator to estimate your total cost.
Avg Public Tuition
$10,200
per year
Avg Private Tuition
$34,000
per year
Avg Rent Near Campus
$582
per month
Colleges & Universities
2
institutions
New Albany Overview
Population
37,603
Student Population
3,778 (10.0%)
Cost of Living Index
85.3 (avg: 100)
Walk Score
40/100
Transit Score
25/100
Unemployment Rate
3.9%
College Cost Calculator for New Albany
Cost Inputs
Total Cost (4 Years, Public In-State)
$93,212
Total After Financial Aid
$93,212
Annual Cost
$23,303
Annual After Aid
$23,303
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $93,212 |
| Monthly Payment | $1,058 |
| Total Interest | $33,796 |
| Total Loan Cost | $127,008 |
Universities in New Albany
| University | Type | Annual Tuition |
|---|---|---|
| New Albany State University | Public | $10,562 |
| New Albany Community College | Community | $5,629 |
New Albany has 2 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in New Albany vs. National Average
| Category | New Albany | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $10,200 | $10,940 | -$740 |
| Monthly Rent Near Campus | $582 | $1,050 | -$468 |
| Cost of Living Index | 85.3 | 100 | -14.700000000000003 |
New Albany's cost of living is below the national average. This makes it a more affordable city for students compared to many other college towns.
Student Life in New Albany
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
3,778 students
New Albany has a total population of 37,603, with approximately 3,778 college students (10.0% of the population). New Albany has a significant student presence that contributes to a diverse cultural scene with restaurants, entertainment, and networking opportunities.
Post-Graduation Outlook in New Albany
$29,532
Starting Salary
3.9%
Unemployment Rate
53%
Graduation Rate
~0 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in New Albany earn a median starting salary of $29,532, which is -$5,468 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $93,212 (including room and board), it would take approximately 0 years of the salary premium to recoup the investment. With average financial aid of $12,979 per student per year, the net cost and payback period can be significantly reduced.
Other Cities in Indiana
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