Housing costs in Covington?
A typical home costs
$162,700, which is 51.9% less expensive than the national average of
$338,100 and 41.3% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Covington costs
$850 per month, which is 20.6% cheaper than the national average of
$1,070 and 20.0% cheaper than the state average of
$1,020.
Can I afford Covington?
To live comfortably in Covington (zip 38019), Tennessee, a minimum annual income of
$31,320 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Covington?
The cost of living in 38019 Covington, TN is quite reasonable. The median home value in this area is $73,000 which is much lower than the national average and provides affordable housing options for many individuals and families. Additionally, the average cost of living index for Covington is 81.2 which is well below the US average of 100 so there are plenty of opportunities for savings on items such as food, transportation, and utilities. Furthermore, Tennessee has no state income tax which allows residents to keep more of their hard-earned money. All of these factors make 38019 Covington an attractive option for those looking to manage their finances responsibly while still enjoying a comfortable lifestyle.