Housing costs in Covington?
A typical home costs
$224,000, which is 33.7% less expensive than the national average of
$338,100 and 15.3% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Covington costs
$1,120 per month, which is 21.7% more than the national average of
$920 and 2.7% more than the state average of
$1,090.
Can I afford Covington?
To live comfortably in Covington (zip 41011), Kentucky, a minimum annual income of
$42,840 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about Covington?
41011 Covington, KY is an excellent place to live with a relatively low cost of living. The city’s overall cost of living index is 3% below the national average, making it a great place for anyone on a budget. Housing costs are 8% lower than the national average and utilities are 4% cheaper than the rest of the country. Groceries and healthcare are slightly more expensive in 41011 Covington, but transportation costs are 10% lower than the US averages, allowing residents to save money on getting around town. All in all, 41011 Covington, KY is an affordable place to live that provides plenty of quality of life benefits for its residents.