Housing costs in Covington?
A typical home costs
$128,600, which is 62.0% less expensive than the national average of
$338,100 and 33.8% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Covington costs
$990 per month, which is 7.6% more than the national average of
$920 and 10.1% cheaper than the state average of
$1,090.
Can I afford Covington?
To live comfortably in Covington (zip 41014), Kentucky, a minimum annual income of
$24,480 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Covington?
The cost of living in 41014 Covington, KY is higher than the national average in most categories. The median home cost in Covington is $133,700 which is around 20% higher than the national median home cost of $117,400. Prices for goods and services such as groceries, healthcare, and utilities are also higher than those in the US as a whole. Although housing costs are significantly higher than other cities across the nation, overall the cost of living remains reasonable compared to neighboring cities.