Housing costs in Covington?
A typical home costs
$184,800, which is 45.3% less expensive than the national average of
$338,100 and 16.6% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Covington costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 6.5% cheaper than the state average of
$980.
Can I afford Covington?
To live comfortably in Covington, Indiana, a minimum annual income of
$35,280 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Covington?
Covington, IN is known for its affordability and low cost of living. The cost of living in Covington is approximately 8% lower than the national average, making it one of the most affordable places to live in Indiana. Housing prices are lower than the national average as well, with an average monthly rent totaling $650 for a two bedroom apartment. Groceries and other basic necessities are also priced below the national average, providing residents with substantial savings. Overall, Covington's low cost of living provides residents with an excellent quality of life that can fit any budget.