Covington has a population of approximately 40,930 and experiences a population change rate of -5.63%. The population density is 3,101.7 / sq mi .
Covington, KY Real Estate for Sale
Covington, KY
Xome Inc.License #9002330
[email protected]844-400-XOME (9663)
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Population
Household
The median household income for Covington is $47,917, with 18,040 households and an average household size of 2.21.
Home Value
The median value of a home in Covington is $169,800 with an appreciation rate of 15.50%. 43.46% of housing in the state is owned while 44.04% is rented.
Cost of Living
The cost of living in Covington is 82.3 %.
Employment
The unemployment rate in Covington is 3.60%, and recent job growth is at 1.53%. Future job growth is projected at 38.12%.
Taxes
The sales tax rate in Covington is 6.00%, while the income tax rate is 5.00% .
Education
School expenditures in Covington are $12,085, and the school ratio is 16.7:1.
Weather
The average high temperature in July is 86.3 degrees, with an average low temperature in January of 22.1 degrees. The average rainfall is approximately 44.6 inches per year, with 14.4 inches of snow per year.