Housing costs in Covington?
A typical home costs
$287,000, which is 15.1% less expensive than the national average of
$338,100 and 3.6% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Covington costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 43.8% cheaper than the state average of
$1,280.
Can I afford Covington?
To live comfortably in Covington, Texas, a minimum annual income of
$55,080 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Covington?
Covington, TX is an affordable place to live. The cost of living index for Covington is just 82.9 compared to the US average of 100, making it one of the most affordable cities in the country. The median home price is around $120,000 and the median household income is approximately $53,000. This means that those looking to purchase a home in Covington will find plenty of options that will fit within their budget. Utilities are also relatively inexpensive with the average electricity bill for a month coming in at only around $100. In conclusion, Covington offers great value when it comes to living expenses and makes it an ideal location for those looking for a new place to call home.