New Albany, MS Profile: Facts & Data

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New Albany, Mississippi - Basic Facts

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The City of New Albany had a population of 8,453 as of July 1, 2021. New Albany ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Mississippi. See peer rankings below.

The primary coordinate point for New Albany is located at latitude 34.4943 and longitude -89.0078 in Union County. The formal boundaries for the City of New Albany encompass a land area of 18.23 sq. miles and a water area of 0.05 sq. miles. Union County is in the Central time zone (GMT -6). The elevation is 361 feet.

The City of New Albany has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of New Albany is located within Supervisor District 3, a minor civil division (MCD) of Union County.


Jump to... (On This Page!)
  1. New Albany 2021 Demographic Data
  2. Growth Rates for New Albany (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Mississippi Research Tools (Easy Tools & Current Data)
  3. Mississippi Data Comparison Tool - 2021 Demographics
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New Albany, MS Data & Demographics (As of July 1, 2021)

POPULATION

Total Population 8,453 (100%)
Population in Households 8,190 (96.9%)
Population in Families 6,701 (79.3%)
Population in Group Quarters1 263 ( 3.1%)
Population Density 464
Diversity Index2 62
 
 

INCOME

Median Household Income $48,875
Average Household Income $65,684
% of Income for Mortgage4 12%
Per Capita Income $24,701
Wealth Index5 58
 

HOUSING

Total HU (Housing Units) 3,651 (100%)
Owner Occupied HU 1,733 (47.5%)
Renter Occupied HU 1,459 (40.0%)
Vacant Housing Units 459 (12.6%)
Median Home Value $137,114
Average Home Value $161,151
Housing Affordability Index3 221
 

HOUSEHOLDS

Total Households 3,192
Average Household Size 2.57
Family Households 2,097
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2021 2021-2026
Population 0.45% 0.41%
Households 0.39% 0.39%
Families 0.21% 0.24%
Median Household Income   0.58%
Per Capita Income   1.42%
Owner Occupied HU   0.67%

New Albany, MS - Peer Comparisons by Rank and Percentile

The table below compares New Albany to the other 362 incorporated cities, towns and CDPs in Mississippi by rank and percentile using July 1, 2021 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 46 88th
Population Density # 182 50th
Median Household Income # 80 78th
Housing Affordability Index # 192 53rd
Per Capita Income # 83 77th
Diversity Index # 18 95th

Additional comparisons and rankings can be made with a VERY EASY TO USE Mississippi Census Data Comparison Tool.

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