Covington, Tennessee (38019) is a popular city for those interested in living on a budget. The average two-bedroom rent price in Covington is $850 per month, significantly lower than the US average of $1,430. Grocery cost index in Covington is 93 compared to 100 in the US. This makes it more affordable to live here with less money spent on everyday items. The city also offers many local companies like Gibson County Bank and Trust and Upland Fabrications Inc that provide employment opportunities to the locals. There are also other companies such as First South Financial Services and Covington Animal Hospital which offer residents quality services at an affordable cost.
Covington (zip 38019) has an unemployment rate of 5.2%. The US average is 6.0%.
Covington (zip 38019) has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Covington (zip 38019)
- The Sales Tax Rate for Covington (zip 38019) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Covington (zip 38019) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Covington (zip 38019)
- The average income of a Covington (zip 38019) resident is $20,707 a year. The US average is $28,555 a year.
- The Median household income of a Covington (zip 38019) resident is $45,403 a year. The US average is $69,021 a year.