Housing costs in Covington?
A typical home costs
$571,200, which is 68.9% more expensive than the national average of
$338,100 and 6.8% more expensive than the average Washington home, at
$534,700. Renting a two-bedroom unit in Covington costs
$2,360 per month, which is 65.0% more than the national average of
$1,430 and 26.7% more than the state average of
$1,730.
Can I afford Covington?
To live comfortably in Covington, Washington, a minimum annual income of
$109,440 for a family, and
$80,800 for a single person is recommended.
What does A.I. say about Covington?
The cost of living in Covington, WA is relatively affordable. According to BestPlaces, the cost of living index for the city is 86.7, which is 14.3% lower than the U.S. average. Rent in Covington is 11% lower than the U.S. average and groceries are 4% lower than the national average. The price of utilities such as electricity, gas, and water is also 3% lower than the U.S. average making it an attractive option for people looking for an affordable place to live in Washington State.