Zip 30014 (Covington, GA) Economy


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Covington, GA is a charming city located in Newton County with a population of 13,619. It is known for being home to many local businesses including Covington Funeral Home, Newton Federal Bank, and Runge Furniture Co. Rent prices in Covington are more affordable than the national average, with a two-bedroom apartment normally costing around $1,230 per month. Groceries are also relatively inexpensive in the area with a grocery cost index of 95 compared to 100 nationally. Residents of Covington can take advantage of the great prices on rent and groceries while still enjoying all that the city has to offer.

Covington (zip 30014) has an unemployment rate of 4.5%. The US average is 6.0%.

Covington (zip 30014) has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 45.8%, which is higher than the US average of 33.5%.

Tax Rates for Covington (zip 30014)
- The Sales Tax Rate for Covington (zip 30014) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Covington (zip 30014) is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Covington (zip 30014)
- The average income of a Covington (zip 30014) resident is $22,264 a year. The US average is $28,555 a year.
- The Median household income of a Covington (zip 30014) resident is $59,442 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCovington, GeorgiaUnited States
  4.56
  -5.1%-6.2%
  45.8%33.5%
  7.0%6.2%
  5.8%4.6%
  $27,687$37,638
  $59,442$69,021
  $68,950$85,028
  Population by Occupation
  0.7%1.2%
  0.1%0.5%
  8.9%6.8%
  14.1%10.0%
  2.3%2.5%
  11.3%11.0%
  2.4%4.8%
  1.2%0.8%
  1.4%1.9%
  3.1%4.7%
  1.8%1.9%
  4.7%7.6%
  0.0%0.1%
  5.6%4.2%
  9.9%9.3%
  10.8%14.0%
  2.0%2.1%
  6.6%7.0%
  7.0%4.8%
  6.2%4.7%
Health