Cost of living in Covedale research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Covedale is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Ohio, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Covedale is 96, with 100 being the average.
The cost of living index in Covedale is 1.0x lower than the national average.
Covedale ranks as the #191 cheapest in Ohio out of 289.
Covedale ranks as the #2,104 cheapest out of 6,489 in the US.
The median home value in Covedale is $265,720.
The median income in Covedale is $96,318.
According to the most recent data on the cost of living, Covedale has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Ohio, Covedale has a cost of living index that's 1.0x higher than Ohio's index of 93.
The standard of living in Covedale ranks as #191 most affordable out of the 289 places we measured in Ohio. By definition, that implies Covedale ranks as the #98 most expensive place in the Buckeye State.
For more reading on life in Covedale, check out:
Six factors go into calculating the cost of living index in Covedale. Here is how it fairs on each of the criteria:
The Services index in Covedale is 104.
The Groceries index in Covedale is 103.
The Health index in Covedale is 101.
The Housing index in Covedale is 85.
The Transportation index in Covedale is 103.
The Utilities index in Covedale is 100.
| Living Expense | Covedale | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 96 | 93 | 100 | |
| Services | 104 | 101 | 100 | |
| Groceries | 103 | 103 | 100 | |
| Health | 101 | 97 | 100 | |
| Housing | 85 | 74 | 100 | |
| Transportation | 103 | 102 | 100 | |
| Utilities | 100 | 100 | 100 | |
Housing swings affordability the most between places in Ohio, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Covedale is $265,720.
The Median Rent in Covedale is $1,425.
The Median Income in Covedale is $96,318.
The Home Value To Income in Covedale is 2.8x.
The Rent To Monthly Income in Covedale is 0.18x.
The cost of living varies in the cities and towns around Covedale. Here's a quick look at the cost of living in the most populous nearby places:
Bridgetown, OH has a cost of living index of 96, 1.0x Covedale.
Blue Ash, OH has a cost of living index of 115, 1.2x Covedale.
Monfort Heights, OH has a cost of living index of 97, 1.0x Covedale.
| City | Population | Cost Of Living | Vs. Covedale |
|---|---|---|---|
| Bridgetown, OH | 13,830 | 96 | 1.0x |
| Blue Ash, OH | 13,374 | 115 | 1.2x |
| Monfort Heights, OH | 12,203 | 97 | 1.0x |
| Dent, OH | 12,097 | 106 | 1.1x |
| Mack, OH | 11,444 | 109 | 1.1x |
| Forestville, OH | 11,213 | 107 | 1.1x |
| Montgomery, OH | 10,816 | 128 | 1.3x |
| Francisville, KY | 10,313 | 121 | 1.3x |
| Madeira, OH | 9,454 | 118 | 1.2x |
| Wyoming, OH | 8,712 | 121 | 1.3x |