Covington, TN Cost Of Living

Demographics | Cost Of Living
Updated: 2021-02-06
78
Covington's Overall Cost Of Living
0.8x
Lower Than The National Average
4 out of 105
In Tennessee
110 out of 6,399
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, TN?

According to the most recent data on the cost of living, Covington has an overall cost of living index of 78 which is 0.8x lower than the national index of 100.

Compared to only Tennessee, Covington has a cost of living index that's 0.9x lower than Tennessee's index of 89.

The standard of living in Covington ranks as #110 most affordable out of the 6,522 places we measured in Tennessee. By definition, that implies Covington ranks as the #6,297 most expensive place in the Volunteer State.

For more reading on life in Covington, check out:

Covington Cost Of Living Vs. Tennessee

Living Expense Covington Tennessee National Average
Overall 78 89 100
Services 86 93 100
Groceries 89 95 100
Health 77 89 100
Housing 58 80 100
Transportation 87 88 100
Utilities 88 96 100
For more reading on cost of living around Tennessee, check out:
Covington Cost of Living Vs. TN

Covington, TN Housing Cost Breakdown

Housing swings affordability the most between places in Tennessee, 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.

$111,800
Median Home Value
$703
Median Rent
$32,568
Median Income
Statistic Covington Tennessee United States
Median Home Value $111,800 $167,200 $217,500
Median Rent $703 $869 $1,062
Median Income $32,568 $53,320 $62,843
Home Value To Income 3.4x 3.1x 3.5x
Rent To Monthly Income 0.26x 0.2x 0.2x

Detailed Covington Services Costs Vs. Tennessee

Item Covington Tennessee
Shampoo $0.79 $1.01
Movie $12.17 $10.72
Bowling $17.5 $13.86

Detailed Covington Groceries Costs Vs. Tennessee

Item Covington Tennessee
Ground Beef $3.14 $3.9
Fried Chicken $0.83 $1.4
Milk $2.01 $1.96

Detailed Covington Health Costs Vs. Tennessee

Item Covington Tennessee
Haircut $14.5 $17.49
Beauty Salon $33.0 $38.17
Toothpaste $1.76 $2.32

Detailed Covington Transportation Costs Vs. Tennessee

Item Covington Tennessee
Potatoes $3.19 $3.18
Pizza $8.25 $10.39
Beer $8.84 $9.23
Optometrist $61.66 $106.34
Doctor $74.63 $115.25
Dentist $75.17 $98.38

Detailed Covington Utilities Costs Vs. Tennessee

Item Covington Tennessee
Gasoline $2.3 $2.59
Tire Balancing $42.16 $48.9
All Electricity $131.84 $167.6
Phone $182.13 $163.42

Covington SnackAbility

5
/10
Overall SnackAbility
Jobs
5/10
Housing
5
Affordability
5
Diversity
9
Safety
2
Amenities
7
Education
5
Commute
5

Cost Of Living In Cities Around Covington

City Population Cost Of Living Vs. Covington
Bartlett, TN 59,102 92 1.2x
Southaven, MS 54,152 85 1.1x
Collierville, TN 50,086 103 1.3x
Germantown, TN 39,193 107 1.4x
Olive Branch, MS 37,461 90 1.2x
Horn Lake, MS 27,080 80 1.0x
Arlington, TN 11,697 100 1.3x
Atoka, TN 9,241 91 1.2x
Ripley, TN 7,947 82 1.1x
Oakland, TN 7,893 93 1.2x

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