Covington, Kentucky (41015) is a city in Kenton County with an estimated population of 40,640. The 2-bedroom rent in Covington is $980, which is much lower than the US average ($1,430). This makes it an ideal place for people looking to save money on housing expenses. The Grocery Cost Index in Covington is also comparably low at 96 compared to 100 across the US. This means groceries are more affordable than most places in the country.
Covington offers residents plenty of local resources and amenities from multiple local companies. These include favorites such as Zip's Café, George Remus Distillery, and Braxton Brewing Company. There are also plenty of unique shopping experiences available at home décor stores like The Purple Poodle and retail outlets like The Vault Vintage Store.
The low rental costs and grocery index make Covington an affordable city to live in with numerous amenities to enjoy living there. Its affordability allows residents to put their money towards other aspects of their lives rather than overpaying for rent or groceries. This makes it an ideal place for many people who want to experience all that Covington has to offer without breaking the bank.
Covington (zip 41015) has an unemployment rate of 5.2%. The US average is 6.0%.
Covington (zip 41015) has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 36.9%, which is higher than the US average of 33.5%.
Tax Rates for Covington (zip 41015)
- The Sales Tax Rate for Covington (zip 41015) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Covington (zip 41015) is 8.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Covington (zip 41015)
- The average income of a Covington (zip 41015) resident is $26,879 a year. The US average is $28,555 a year.
- The Median household income of a Covington (zip 41015) resident is $57,016 a year. The US average is $69,021 a year.