Covington, OH is a vibrant community located in Miami County. Home to nearly 5,000 people, this rural town provides an array of amenities that make it a great place to live and work. The cost of living in Covington is lower than the national average; two-bedroom rents are about $870 while the US average stands at $1,430 and grocery costs index at 96 compared to 100 in the US. Local businesses such as Miller’s Brothers Bakery, Davis Creamery & Market, and Covington True Value Hardware provide many goods and services to the townspeople. Attractions nearby include Dorothy Love Retirement Community, Echo Hills Golf Course and Miami Valley Gaming Racino. Covington offers a unique small-town experience with plenty of opportunity for all its residents.
Covington has an unemployment rate of 4.0%. The US average is 6.0%.
Covington has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 30.6%, 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 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 $25,633 a year. The US average is $37,638 a year.
- The Median household income of a Covington resident is $46,458 a year. The US average is $69,021 a year.