Living in Covington, Kentucky
Cost of living, income, home prices, rent and demographics of Covington · Census data 2020–2024
Covington has 41,110 residents with a median age of 37.6. The median household income is $61,166 (4% lower than the Kentucky median), the median home value is $187,300, the median rent is $1,006/month.
Covington at a glance
- Population
- 41,110
- Median age
- 37.6State: 39.1
- Median household income
- $61,166State: $63,726
- Median home value
- $187,300State: $205,600
- Median rent
- $1,006/moState: $967
- Homeowners
- 51.8%
- Bachelor's degree or higher
- 32.2%
- Average commute
- 22 min
Is Covington a good place to live?
Pros: Home values 9% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 4% lower than the Kentucky median; unemployment of 5.7%; a poverty rate of 20.8%.
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 $187,300, 44% lower than the U.S. median. Renters pay a median of $1,006 per month, which is 29.6% of household income. Homeowners with a mortgage pay $1,404 a month in housing costs.
Covington median household income
The median household income in Covington is $61,166 and the income per person is $37,216. 20.8% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Covington: homes for sale and rent
- Housing units
- 21,048
- Owner-occupied
- 51.8%
- Renter-occupied
- 48.2%
- Vacant
- 13.2%Includes seasonal homes
- Median year built
- 1947
- Average household size
- 2.21
Covington demographics
- Population
- 41,110
- Median age
- 37.6
- Under 18
- 20.4%
- 65 and older
- 14.6%
- Households
- 18,265
- Foreign-born
- 5.1%
- Veterans
- 5.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Covington ›
Education in Covington
32.2% of adults 25 and older in Covington have a bachelor's degree or higher (Kentucky: 27.6%), and 10.7% have a graduate or professional degree.
Jobs and commute in Covington
- Unemployment rate
- 5.7%State: 4.9%
- Average commute
- 22 minState: 24 min
- Work from home
- 14.1%
- Drive alone
- 71.5%
- Public transit
- 2.6%
- Walk to work
- 3.1%
- Homes with broadband
- 86.9%
Covington vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Covington | 41,110 | $61,166 | $187,300 | $1,006 |
| Kenton Vale | 158 | $63,021 | $165,500 | $1,438 |
| Fort Wright | 5,887 | $105,024 | $328,900 | $1,142 |
| Wilder | 3,135 | $70,893 | $159,900 | $1,432 |
| Fort Mitchell | 8,713 | $86,310 | $357,100 | $1,039 |
| Taylor Mill | 6,937 | $88,546 | $241,000 | $1,139 |
| Park Hills | 3,165 | $99,861 | $282,100 | $1,042 |
| Lakeside Park | 2,828 | $128,650 | $360,400 | $1,154 |
| Crestview Hills | 3,284 | $95,441 | $279,800 | $1,481 |
More for people moving to Covington
Covington ZIP code ›Weather and climate ›Living in Covington: FAQ
What is the median household income in Covington, KY?
The median household income in Covington is $61,166, 4% lower than the Kentucky median of $63,726 (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 $187,300, compared with $205,600 in Kentucky.
How much is rent in Covington?
The median gross rent in Covington is $1,006 per month, about 29.6% of household income.
Is Covington, KY a good place to live?
Pluses: home values 9% lower than the state median; an average commute of 22 minutes. Minuses: median household income 4% lower than the Kentucky median; unemployment of 5.7%; a poverty rate of 20.8%.
What is the median age in Covington?
The median age in Covington is 37.6 years (Kentucky: 39.1).
How long is the commute in Covington?
The average commute to work in Covington is 22 minutes; 14.1% of workers work from home.
What is the unemployment rate in Covington?
The unemployment rate in Covington is 5.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Covington?
32.2% 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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