New Albany – Southeast Indiana

New Albany, Indiana, is the most populous city in, and the county seat of, Floyd County. New Albany is part of the Louisville/Jefferson County, KY-IN, Metropolitan Statistical Area in southeastern Indiana along the Ohio River.* As of 2023, the city had a population of 37,329.

* MSAs are defined by the U.S. Office of Management and Budget.

Quick Stats

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299,144 Population (2023)
3.7 Unemployment Rate (October 2024)
$17.4 billion Personal Income (2023)
$1,023 Average Weekly Wage (2024 Qtr. 1)
18.1% Manufacturing Employment (2024 Qtr. 1)
100,385 Total Private Employment (2024 Qtr. 1)

The New Albany Futurecast Event

Wednesday, Nov. 13, 2024
Breakfast served at 8:00 am.

Hoosier Room, University Center North

4201 Grant Line Rd,
New Albany, IN 47150

Registration Closed »

Featured Speakers at the New Albany Futurecast Event

Wednesday, Nov. 13, 2024

Join us to discuss how the changing economic environment will affect the local region, Indiana and the nation in the coming year.

Registration Closed »

What did we say last year about the Louisville region?

Published December 2023

A recession chance is eliminated for 2023, but slower growth is only delayed to 2024. The impact of higher interest rates will weigh on consumers and eventually, we will see a pullback in consumer spending and business investment. Slower growth will occur in 2024, but the economy may escape a full-blown recession. If any recession is declared, we are not expecting it to be severe. For the Louisville metro, we will see unemployment rates around the 4.5% level and the metro area will add about 8,000 jobs, representing a slight slowdown from 2023. Southern Indiana payroll growth is also expected to decelerate from the strong payroll growth of 2022 and early 2023.

Read the full Louisville article »
IBR

Each year in December, the Indiana Business Research Center publishes a special Outlook edition of the Indiana Business Review.

Published continuously since 1926, the Indiana Business Review is a quarterly publication that provides analysis and insight on economic and demographic issues.