Economic Overview
Floyd County has an unemployment rate of 1.9%. The U.S. average is 3.6%.
The average income of a Floyd County resident is $27,449 a year.
The Median household income of a Floyd County resident is $53,431 a year.
Manufacturing Hoosier manufacturing has gained a well-known reputation, with the largest industry in New Albany, Floyd County being manufacturing and employing about 2,977 people. Health Care & Social Assistance The next largest industry in New Albany, Floyd County is Health Care & Social Assistance with about 16.1% of residents working in this industry. Retail Trade Coming in third, Retail Trade is highly represented in the employment base with around 2,201 people.
Agriculture, Forestry, Fishing & Hunting The highest paying industry in Floyd County is Agriculture, Forestry, Fishing & Hunting with the average person making on average $63,889. Utilities Despite there being relatively fewer jobs in the Utility Industry, the average income is almost on par with Agriculture, Forestry, Fishing & Hunting $58,958.
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