Housing costs in Covington?
A typical home costs
$156,600, which is 53.7% less expensive than the national average of
$338,100 and 43.5% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Covington costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 25.9% cheaper than the state average of
$1,070.
Can I afford Covington?
To live comfortably in Covington, Tennessee, a minimum annual income of
$29,880 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Covington?
The cost of living in Covington, TN is relatively low when compared to other cities of similar size. It has a median home price of $167,700, which is lower than the Tennessee state average of $207,000. The cost of groceries and utilities are also generally lower than other areas. The city also benefits from having no sales tax on goods. With all these factors combined, it's easy to see why many individuals and families choose to make Covington their home.