Cost of Living: Fort Wayne, IN vs New Albany, IN
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,332/mo in Fort Wayne, IN versus $4,332/mo in New Albany, IN. In the model, rent is about 13.97% of gross in Fort Wayne, IN versus 14.14% in New Albany, IN, so Fort Wayne, IN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Fort Wayne, IN and New Albany, IN.
At a glance
- Cheaper overall (lower cost-of-living index): Fort Wayne, IN
- Lower rent (median 1BR/2BR): Fort Wayne, IN
- Lower home prices: New Albany, IN
- Higher median household income: Fort Wayne, IN
Cost of Living Index
Fort Wayne, IN: 82.8 (U.S. = 100) · New Albany, IN: 100 (U.S. = 100)
Fort Wayne, IN has a lower cost-of-living index than New Albany, IN, so a given salary generally stretches further there.
Median Rent
Fort Wayne, IN: $911/mo (midpoint of 1BR/2BR) · New Albany, IN: $923/mo
Median rent in New Albany, IN is $12/mo higher than in Fort Wayne, IN.
Median Home Price
Fort Wayne, IN: $169,700 · New Albany, IN: $169,600
Median home price in Fort Wayne, IN is $100 higher than in New Albany, IN.
Median Household Income
Fort Wayne, IN: $60,293 · New Albany, IN: $54,152
Fort Wayne, IN has a higher median household income than New Albany, IN by $6,141.
Fort Wayne, IN overview · New Albany, IN overview · Popular comparisons