Covington, KY Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
88
Covington's Overall Cost Of Living
0.9x
Lower Than The National Average
27 out of 85
In Kentucky
1,278 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Covington is expensive, while a number below 100 means it's a relatively cheap place to live.

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 only Kentucky, Covington has a cost of living index that's 1.0x lower than Kentucky's index of 90.

The standard of living in Covington ranks as #1,278 most affordable out of the 6,418 places we measured in Kentucky. By definition, that implies Covington ranks as the #5,140 most expensive place in the Bluegrass State.

For more reading on life in Covington, check out:

Covington Cost Of Living Vs. Kentucky

Living Expense Covington Kentucky National Average
Overall 88 90 100
Services 99 103 100
Groceries 97 90 100
Health 100 88 100
Housing 60 70 100
Transportation 105 98 100
Utilities 88 102 100
For more reading on cost of living around Kentucky, check out:
Covington Cost of Living Vs. KY

Covington, KY Housing Cost Breakdown

Housing swings affordability the most between places in Kentucky, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$120,100
Median Home Value
$722
Median Rent
$46,035
Median Income
Statistic Covington Kentucky United States
Median Home Value $120,100 $147,100 $229,800
Median Rent $722 $783 $1,096
Median Income $46,035 $52,238 $64,994
Home Value To Income 2.6x 2.8x 3.5x
Rent To Monthly Income 0.19x 0.18x 0.2x

Detailed Covington Services Costs Vs. Kentucky

Item Covington Kentucky
Shampoo $0.94 $1.06
Movie $11.77 $10.68
Bowling $13.55 $14.67

Detailed Covington Groceries Costs Vs. Kentucky

Item Covington Kentucky
Ground Beef $3.71 $4.22
Fried Chicken $1.25 $1.39
Milk $1.42 $2.05

Detailed Covington Health Costs Vs. Kentucky

Item Covington Kentucky
Haircut $19.48 $18.62
Beauty Salon $34.8 $39.05
Toothpaste $2.0 $2.34

Detailed Covington Transportation Costs Vs. Kentucky

Item Covington Kentucky
Potatoes $3.87 $3.29
Pizza $10.12 $10.62
Beer $8.93 $9.38
Optometrist $96.61 $108.57
Doctor $109.23 $116.17
Dentist $105.08 $99.13

Detailed Covington Utilities Costs Vs. Kentucky

Item Covington Kentucky
Gasoline $2.29 $2.22
Tire Balancing $57.11 $50.07
All Electricity $134.81 $167.67
Phone $179.1 $175.64

Covington SnackAbility

5
/10
Overall SnackAbility
Jobs
5/10
Housing
5
Affordability
8
Diversity
8
Safety
5
Amenities
9
Education
7
Commute
8

Cost Of Living In Cities Around Covington

City Population Cost Of Living Vs. Covington
Monfort Heights, OH 13,124 98 1.1x
Mack, OH 11,228 104 1.2x
Montgomery, OH 10,818 115 1.3x
Forestville, OH 10,648 99 1.1x
Madeira, OH 9,211 110 1.2x
Edgewood, KY 8,779 103 1.2x
Wyoming, OH 8,540 112 1.3x
Fort Mitchell, KY 8,278 100 1.1x
Dry Run, OH 8,200 120 1.4x
Kenwood, OH 7,538 114 1.3x

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