Housing costs in Covington?
A typical home costs
$74,400, which is 78.0% less expensive than the national average of
$338,100 and 78.3% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Covington costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 59.1% cheaper than the state average of
$1,400.
Can I afford Covington?
To live comfortably in Covington, Virginia, a minimum annual income of
$14,400 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Covington?
Covington, VA offers a surprisingly affordable cost of living in comparison to other nearby cities and states. Groceries, healthcare, and transportation are all relatively inexpensive for residents. Housing costs are slightly higher than the national average but this is offset by lower than average utility costs. Overall, Covington is an affordable place to live when compared to similar sized cities in the area and its low taxes make it even more attractive to those on a budget.