Covington, IN is a small city located in the heart of Indiana. It is known for its friendly community and low cost of living. The average rent for two bedroom apartments in Covington, IN is $920, which is much lower than the US average of $1,430. Grocery costs are also very affordable in Covington with an index of 93 compared to the US average of 100.
Covington's business scene consists mostly of locally-owned shops and businesses. Companies such as J & J Auto Repair, Blosser's Produce Market, and My Office Solutions provide quality services to locals at an affordable price. There are many attractions to visit around Covington, such as the Antique Mall of Covington which features a variety of antique items from all over the world or Camp Ben Reifel which offers outdoor activities like fishing and camping. Those who live in or near Covington have plenty to do both indoors and outdoors!
Covington has an unemployment rate of 4.2%. The US average is 6.0%.
Covington has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 28.2%, which is lower than the US average of 33.5%.
Tax Rates for Covington
- The Sales Tax Rate for Covington is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Covington is 4.3%. 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 $25,973 a year. The US average is $28,555 a year.
- The Median household income of a Covington resident is $51,292 a year. The US average is $69,021 a year.