There are lots of small towns across Ohio, but the sad fact is that many of them are struggling with economic issues. But that’s not the case for Ohio’s wealthiest small town.
New Albany, Ohio is a small town with a big reputation. It is known for its wealthy residents, beautiful homes, and excellent schools. The town has a population of just over 11,000, but it has a median household income of $206,000. This makes it one of the wealthiest small towns in the United States.
What lessons can other communities learn from New Albany? Besides its location right next to the state capital of Columbus, the town’s success is largely due to its master plan, which was developed in the 1990s. The plan called for the development of a new town center, a mix of residential and commercial properties, and the preservation of green space. The plan was successful, and New Albany has become a model for other small towns across the country. The median home price is a whopping $531,000.
The town’s residents are diverse and schools in New Albany are among the best in the state, and the town has a low crime rate.
One key to the town’s success is that New Albany is also home to many businesses. The town is a hub for technology companies, including AEP, Limited Brands, and Discover Financial Services. These companies provide good-paying jobs and contribute to the town’s economic growth.
Despite its wealth, residents say New Albany has a small-town feel. The residents are friendly and welcoming, and there are many community events throughout the year. The town’s Fourth of July parade is a highlight of the year, and it attracts visitors from all over central Ohio.
The town offers the best of both worlds – a small-town feel with big-city amenities. The town’s success is a testament to the power of good planning and hard work.
