Covington, OK is a small town located in the Northern part of the state. It offers a quiet, rural lifestyle with plenty of amenities. The 2 bedroom rent in Covington is much lower than the US average at $810 compared to $1,430. Grocery cost index in Covington is also much lower than the national average at 91 versus 100. This makes it an attractive option for people looking for more affordable living costs. \nResidents of Covington have access to local businesses such as Cobblestone Café & Bakery, Williams Drug Store & Home Health Care Center, and Poteau Valley Vet Clinic. These establishments provide locals with goods and services that enhance their quality of life. Additionally, Covington's close proximity to larger cities like Tulsa (just 90 miles away) allows residents to take advantage of events and attractions available there without having to give up the relaxed atmosphere of their small hometown. All these factors make Covington a great place to call home.
Covington has an unemployment rate of 3.5%. The US average is 6.0%.
Covington has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Covington
- The Sales Tax Rate for Covington is 4.9%. The US average is 7.3%.
- The Income Tax Rate for Covington is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Covington
- The average income of a Covington resident is $20,658 a year. The US average is $28,555 a year.
- The Median household income of a Covington resident is $59,688 a year. The US average is $69,021 a year.