Housing costs in Covington?
A typical home costs
$169,800, which is 49.8% less expensive than the national average of
$338,100 and 12.6% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Covington costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and 9.8% more than the state average of
$920.
Can I afford Covington?
To live comfortably in Covington, Kentucky, a minimum annual income of
$32,400 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Covington?
Covington, KY is an affordable place to live. The average cost of living in Covington is lower than the US average, making it an attractive choice for those looking to stretch their budget. Rent prices tend to be very reasonable, with a one bedroom apartment costing around $650 per month. Groceries are also fairly inexpensive; basic items are available for under $5 at most stores. Transportation costs remain low as well due to the city's close proximity to Cincinnati and other major cities in the region. All in all, Covington is an affordable city to live in and has plenty of amenities available for its residents to enjoy.