Housing costs in Covington?
A typical home costs
$196,800, which is 41.8% less expensive than the national average of
$338,100 and 0.1% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Covington costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 12.6% cheaper than the state average of
$980.
Can I afford Covington?
To live comfortably in Covington, Ohio, a minimum annual income of
$37,800 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Covington?
The cost of living in Covington, OH is quite affordable. The median home price in the area is around $87,000, and rental prices are also quite reasonable. The overall cost of living index is 88.3, which is lower than the national average of 100. This means that essentials such as food and housing are much more affordable than in many other parts of the country. Additionally, transportation costs are low due to a lack of traffic congestion and limited public transportation options. All in all, living in Covington, OH can provide a comfortable lifestyle at an affordable cost.