Covington, Oklahoma is a small town known for its tight-knit community and low cost of living. The average 2 bedroom rent in Covington is only $770 compared to the US average of $1,430. This makes it an ideal place for anyone looking to save on housing costs. Grocery costs in Covington are even more affordable, with a grocery cost index of 91 versus 100 in the US. Several local businesses have sprung up in Covington over the years, such as Brown's Country Store which offers groceries and other necessities at competitive prices. Additionally, there is a family owned restaurant called Southside Diner that serves delicious food at very reasonable prices. With its low rent and grocery costs combined with its friendly atmosphere, Covington is an ideal place for anyone looking to save money while still enjoying all the comforts of home.
Covington (zip 73730) has an unemployment rate of 3.5%. The US average is 6.0%.
Covington (zip 73730) 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 (zip 73730)
- The Sales Tax Rate for Covington (zip 73730) is 4.9%. The US average is 7.3%.
- The Income Tax Rate for Covington (zip 73730) 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 (zip 73730)
- The average income of a Covington (zip 73730) resident is $22,293 a year. The US average is $28,555 a year.
- The Median household income of a Covington (zip 73730) resident is $42,875 a year. The US average is $69,021 a year.