What is the cost of living in Covington, KY?
According to the most recent data on the cost of living, Covington has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Kentucky, Covington has a cost of living index that's 1.0x lower than Kentucky's index of 89.
The standard of living in Covington ranks as #20 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Covington ranks as the #65 most expensive place in the Bluegrass State.
For more reading on life in Covington, check out:
Covington Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Covington. Here is how it fares on each of the criteria:
The Services index in Covington is 99.
The Groceries index in Covington is 94.
The Health index in Covington is 69.
The Housing index in Covington is 96.
The Transportation index in Covington is 94.
The Utilities index in Covington is 91.
| Living Expense | Covington | Kentucky | National Average |
|---|---|---|---|
| Overall | 88 | 89 | 100 |
| Services | 99 | 100 | 100 |
| Groceries | 94 | 98 | 100 |
| Health | 69 | 68 | 100 |
| Housing | 96 | 98 | 100 |
| Transportation | 94 | 95 | 100 |
| Utilities | 91 | 96 | 100 |
Covington Cost Of Living Compared To Kentucky Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Kentucky, check out:
Protect your home budget Compare home warranties in Covington Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Covington, KY Housing Cost Breakdown
Housing swings affordability the most between places in Kentucky, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Covington is $221,429.
The Median Rent in Covington is $1,006.
The Median Income in Covington is $61,166.
The Home Value To Income in Covington is 3.6x.
The Rent To Monthly Income in Covington is 0.2x.
Covington, KY Costs By Category
Detailed Covington Services costs vs. Kentucky
Detailed Covington Groceries costs vs. Kentucky
Detailed Covington Health costs vs. Kentucky
Detailed Covington Transportation costs vs. Kentucky
Covington SnackAbility
Cost Of Living In Cities Around Covington
The cost of living varies in the cities and towns around Covington. Here's a quick look at the cost of living in the most populous nearby places:
Monfort Heights, OH has a cost of living index of 94, 1.1x Covington.
Mack, OH has a cost of living index of 104, 1.2x Covington.
Montgomery, OH has a cost of living index of 122, 1.4x Covington.
| City | Population | Cost Of Living | Vs. Covington |
|---|---|---|---|
| Monfort Heights, OH | 12,441 | 94 | 1.1x |
| Mack, OH | 11,516 | 104 | 1.2x |
| Montgomery, OH | 10,855 | 122 | 1.4x |
| Forestville, OH | 10,831 | 106 | 1.2x |
| Madeira, OH | 9,484 | 118 | 1.3x |
| Wyoming, OH | 8,723 | 116 | 1.3x |
| Fort Mitchell, KY | 8,713 | 107 | 1.2x |
| Edgewood, KY | 8,447 | 101 | 1.1x |
| Kenwood, OH | 8,326 | 108 | 1.2x |
| Dry Run, OH | 7,687 | 116 | 1.3x |
