Housing costs in Covington?
A typical home costs
$169,200, which is 50.0% less expensive than the national average of
$338,100 and 12.9% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Covington costs
$980 per month, which is 6.5% more than the national average of
$920 and 11.2% cheaper than the state average of
$1,090.
Can I afford Covington?
To live comfortably in Covington (zip 41015), Kentucky, a minimum annual income of
$32,400 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Covington?
The cost of living in 41015 Covington, KY is relatively affordable. Housing prices are below the national average and there are numerous options for purchasing, renting or leasing a home. The median home price is $103,000, which is roughly 20% lower than the national average. Utilities such as electricity and water are generally low in cost and transportation is also affordable with bus and rail connections to nearby cities. Overall, the cost of living in 41015 Covington, KY can be considered very affordable.