Living in Covington, Indiana
Cost of living, income, home prices, rent and demographics of Covington · Census data 2020–2024
Covington has 3,069 residents with a median age of 44.3. The median household income is $52,466 (27% lower than the Indiana median), the median home value is $164,400, the median rent is $847/month.
Covington at a glance
- Population
- 3,069
- Median age
- 44.3State: 38.1
- Median household income
- $52,466State: $71,957
- Median home value
- $164,400State: $218,200
- Median rent
- $847/moState: $1,062
- Homeowners
- 62%
- Bachelor's degree or higher
- 18.2%
- Average commute
- 17 min
Is Covington a good place to live?
Pros: Home values 25% lower than the state median; an average commute of 17 minutes; unemployment of 4.3%.
Cons: Median household income 27% lower than the Indiana median; a poverty rate of 15%.
The weather is best in May–June and August–September.
Cost of living in Covington
Housing is the biggest part of the cost of living. In Covington the median home value is $164,400, 51% lower than the U.S. median. Renters pay a median of $847 per month, which is 19% of household income. Homeowners with a mortgage pay $1,063 a month in housing costs.
Covington median household income
The median household income in Covington is $52,466 and the income per person is $34,700. 15% of residents live below the poverty line (Indiana: 12.3%).
Housing in Covington: homes for sale and rent
- Housing units
- 1,447
- Owner-occupied
- 62%
- Renter-occupied
- 38%
- Vacant
- 6.8%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.20
Covington demographics
- Population
- 3,069
- Median age
- 44.3
- Under 18
- 21.8%
- 65 and older
- 20.3%
- Households
- 1,348
- Foreign-born
- 1.1%
- Veterans
- 4.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Covington ›
Education in Covington
18.2% of adults 25 and older in Covington have a bachelor's degree or higher (Indiana: 29.5%), and 7.3% have a graduate or professional degree.
Jobs and commute in Covington
- Unemployment rate
- 4.3%State: 4.3%
- Average commute
- 17 minState: 24 min
- Work from home
- 9.6%
- Drive alone
- 74.8%
- Public transit
- 1.8%
- Walk to work
- 4.4%
- Homes with broadband
- 89.9%
Covington vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Covington | 3,069 | $52,466 | $164,400 | $847 |
| Foster | 100 | $120,703 | — | — |
| Perrysville | 607 | $86,094 | $100,000 | $814 |
| Veedersburg | 1,990 | $58,145 | $103,600 | $699 |
| State Line City | 103 | $73,750 | $86,400 | — |
| West Lebanon | 789 | $64,688 | $113,300 | $589 |
| Rob Roy | 177 | $88,643 | $136,400 | — |
| Lake Holiday Hideaway | 284 | $70,075 | $107,300 | — |
| Williamsport | 1,867 | $65,550 | $158,200 | $824 |
More for people moving to Covington
Covington ZIP code ›Weather and climate ›Living in Covington: FAQ
What is the median household income in Covington, IN?
The median household income in Covington is $52,466, 27% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Covington?
The median home value in Covington is $164,400, compared with $218,200 in Indiana.
How much is rent in Covington?
The median gross rent in Covington is $847 per month, about 19% of household income.
Is Covington, IN a good place to live?
Pluses: home values 25% lower than the state median; an average commute of 17 minutes; unemployment of 4.3%. Minuses: median household income 27% lower than the Indiana median; a poverty rate of 15%.
What is the median age in Covington?
The median age in Covington is 44.3 years (Indiana: 38.1).
How long is the commute in Covington?
The average commute to work in Covington is 17 minutes; 9.6% of workers work from home.
What is the unemployment rate in Covington?
The unemployment rate in Covington is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Covington?
18.2% of adults in Covington have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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