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 Virginia, Covington has a cost of living index that's 0.7x lower than Virginia's index of 106.
The standard of living in Covington ranks as #113 most affordable out of the 6,418 places we measured in Virginia. By definition, that implies Covington ranks as the #6,306 most expensive place in the Old Dominion.
|Living Expense||Covington||Virginia||National Average|
Housing swings affordability the most between places in Virginia, 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.
|City||Population||Cost Of Living||Vs. Covington||Roanoke, VA||99,122||87||1.1x||Blacksburg, VA||44,395||107||1.4x||Salem, VA||25,290||93||1.2x||Cave Spring, VA||25,193||98||1.3x||Christiansburg, VA||22,482||94||1.2x||Hollins, VA||15,113||92||1.2x||Vinton, VA||8,102||85||1.1x||Lexington, VA||7,205||102||1.3x||Buena Vista, VA||6,477||84||1.1x|