Living in Covington, Virginia
Cost of living, income, home prices, rent and demographics of Covington · Census data 2020–2024
Covington has 5,680 residents with a median age of 38. The median household income is $41,944 (55% lower than the Virginia median), the median home value is $83,500, the median rent is $794/month.
Covington at a glance
- Population
- 5,680
- Median age
- 38State: 39
- Median household income
- $41,944State: $93,170
- Median home value
- $83,500State: $383,700
- Median rent
- $794/moState: $1,579
- Homeowners
- 70.1%
- Bachelor's degree or higher
- 9.5%
- Average commute
- 17 min
Is Covington a good place to live?
Pros: Home values 78% lower than the state median; an average commute of 17 minutes; unemployment of 2.8%.
Cons: Median household income 55% lower than the Virginia median; a poverty rate of 25.7%.
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 $83,500, 75% lower than the U.S. median. Renters pay a median of $794 per month, which is 28.8% of household income. Homeowners with a mortgage pay $1,091 a month in housing costs.
Covington median household income
The median household income in Covington is $41,944 and the income per person is $24,761. 25.7% of residents live below the poverty line (Virginia: 9.9%).
Housing in Covington: homes for sale and rent
- Housing units
- 3,035
- Owner-occupied
- 70.1%
- Renter-occupied
- 29.9%
- Vacant
- 15.1%Includes seasonal homes
- Median year built
- 1951
- Average household size
- 2.17
Covington demographics
- Population
- 5,680
- Median age
- 38
- Under 18
- 23%
- 65 and older
- 19.8%
- Households
- 2,576
- Foreign-born
- 4.1%
- Veterans
- 5.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Covington ›
Education in Covington
9.5% of adults 25 and older in Covington have a bachelor's degree or higher (Virginia: 42.2%), and 4.2% have a graduate or professional degree.
Jobs and commute in Covington
- Unemployment rate
- 2.8%State: 4.3%
- Average commute
- 17 minState: 27 min
- Work from home
- 7.3%
- Drive alone
- 87.8%
- Public transit
- 0%
- Walk to work
- 1.3%
- Homes with broadband
- 82.3%
Covington vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Covington | 5,680 | $41,944 | $83,500 | $794 |
| Mallow | 537 | $50,347 | $110,100 | — |
| Callaghan | 198 | $74,271 | $141,700 | $575 |
| Low Moor | 430 | $44,900 | $99,000 | — |
| Clifton Forge | 3,447 | $40,000 | $109,500 | $592 |
| Iron Gate | 426 | $70,000 | $84,600 | $715 |
| White Sulphur Springs | 2,549 | $46,178 | $117,000 | $844 |
| Hot Springs | 487 | $104,545 | $260,100 | $876 |
| Fincastle | 858 | $72,609 | $257,500 | $945 |
More for people moving to Covington
Covington ZIP code ›Weather and climate ›Living in Covington: FAQ
What is the median household income in Covington, VA?
The median household income in Covington is $41,944, 55% lower than the Virginia median of $93,170 (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 $83,500, compared with $383,700 in Virginia.
How much is rent in Covington?
The median gross rent in Covington is $794 per month, about 28.8% of household income.
Is Covington, VA a good place to live?
Pluses: home values 78% lower than the state median; an average commute of 17 minutes; unemployment of 2.8%. Minuses: median household income 55% lower than the Virginia median; a poverty rate of 25.7%.
What is the median age in Covington?
The median age in Covington is 38 years (Virginia: 39).
How long is the commute in Covington?
The average commute to work in Covington is 17 minutes; 7.3% of workers work from home.
What is the unemployment rate in Covington?
The unemployment rate in Covington is 2.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Covington?
9.5% 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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