Housing costs in Covington?
A typical home costs
$131,200, which is 61.2% less expensive than the national average of
$338,100 and 61.8% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Covington costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 60.9% cheaper than the state average of
$1,400.
Can I afford Covington?
To live comfortably in Covington (zip 24426), Virginia, a minimum annual income of
$25,200 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Covington?
24426 Covington, VA is a relatively affordable place to live when compared to other parts of the country. The cost of living in this area is about 7% lower than the U.S. average, and housing costs are around 18% lower than the national average. This makes it an attractive option for those looking to save money without sacrificing the quality of life they desire. Additionally, the median household income is higher than the national average, which can help offset some of the cost of living expenses. All in all, 24426 Covington, VA can be an attractive and affordable place to call home.