Housing costs in Covington?
A typical home costs
$648,600, which is 91.8% more expensive than the national average of
$338,100 and 21.3% more expensive than the average Washington home, at
$534,700. Renting a two-bedroom unit in Covington costs
$2,380 per month, which is 37.6% more than the national average of
$1,730 and 13.0% more than the state average of
$2,070.
Can I afford Covington?
To live comfortably in Covington (zip 98042), Washington, a minimum annual income of
$124,200 for a family, and
$81,200 for a single person is recommended.
What does A.I. say about Covington?
The cost of living in 98042 Covington, WA is quite reasonable. According to the most recent data available from the US Census Bureau, the median household income in this area is $83,837, which is only slightly lower than the national average. Additionally, housing costs are quite affordable with a median home value of just $396,200 and an average rent of $1,715 per month. This makes it easy for people to find reasonably priced accommodations in this area. The overall cost of living here is much lower than in some other parts of the country and provides plenty of opportunities for individuals and families looking for an affordable place to live.