Living in Covington, Tennessee
Cost of living, income, home prices, rent and demographics of Covington · Census data 2020–2024
Covington has 8,587 residents with a median age of 40.3. The median household income is $42,254 (39% lower than the Tennessee median), the median home value is $185,900, the median rent is $933/month.
Covington at a glance
- Population
- 8,587
- Median age
- 40.3State: 38.9
- Median household income
- $42,254State: $69,595
- Median home value
- $185,900State: $286,700
- Median rent
- $933/moState: $1,189
- Homeowners
- 45.3%
- Bachelor's degree or higher
- 13.7%
- Average commute
- 23 min
Is Covington a good place to live?
Pros: Home values 35% lower than the state median; an average commute of 23 minutes.
Cons: Median household income 39% lower than the Tennessee median; unemployment of 8.8%; a poverty rate of 29.2%.
The weather is best in April–May and September–October.
Cost of living in Covington
Housing is the biggest part of the cost of living. In Covington the median home value is $185,900, 44% lower than the U.S. median. Renters pay a median of $933 per month, which is 29.5% of household income. Homeowners with a mortgage pay $1,035 a month in housing costs.
Covington median household income
The median household income in Covington is $42,254 and the income per person is $25,015. 29.2% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Covington: homes for sale and rent
- Housing units
- 4,147
- Owner-occupied
- 45.3%
- Renter-occupied
- 54.7%
- Vacant
- 11.1%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 2.23
Covington demographics
- Population
- 8,587
- Median age
- 40.3
- Under 18
- 25.5%
- 65 and older
- 19.1%
- Households
- 3,685
- Foreign-born
- 0.1%
- Veterans
- 5.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Covington ›
Education in Covington
13.7% of adults 25 and older in Covington have a bachelor's degree or higher (Tennessee: 31.1%), and 9.2% have a graduate or professional degree.
Jobs and commute in Covington
- Unemployment rate
- 8.8%State: 4.7%
- Average commute
- 23 minState: 26 min
- Work from home
- 7.6%
- Drive alone
- 71.3%
- Public transit
- 0%
- Walk to work
- 0.7%
- Homes with broadband
- 89.2%
Covington vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Covington | 8,587 | $42,254 | $185,900 | $933 |
| Garland | 370 | $69,688 | $234,200 | $880 |
| Brighton | 2,889 | $80,882 | $214,100 | $1,204 |
| Burlison | 398 | $64,250 | $172,700 | $888 |
| Henning | 977 | $40,781 | $72,500 | $668 |
| Gilt Edge | 516 | $77,031 | $192,600 | $1,000 |
| Mason | 1,039 | $47,794 | $138,100 | $1,316 |
| Atoka | 10,385 | $89,663 | $320,700 | $1,237 |
| Munford | 6,588 | $89,531 | $244,400 | $1,176 |
More for people moving to Covington
Covington ZIP code ›Weather and climate ›Living in Covington: FAQ
What is the median household income in Covington, TN?
The median household income in Covington is $42,254, 39% lower than the Tennessee median of $69,595 (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 $185,900, compared with $286,700 in Tennessee.
How much is rent in Covington?
The median gross rent in Covington is $933 per month, about 29.5% of household income.
Is Covington, TN a good place to live?
Pluses: home values 35% lower than the state median; an average commute of 23 minutes. Minuses: median household income 39% lower than the Tennessee median; unemployment of 8.8%; a poverty rate of 29.2%.
What is the median age in Covington?
The median age in Covington is 40.3 years (Tennessee: 38.9).
How long is the commute in Covington?
The average commute to work in Covington is 23 minutes; 7.6% of workers work from home.
What is the unemployment rate in Covington?
The unemployment rate in Covington is 8.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Covington?
13.7% 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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