Covington
Covington city, Kentucky
Covington, Kentucky, is a hidden gem for those seeking affordability without sacrificing lifestyle. Nestled along the Ohio River, this city offers a refreshing contrast to the soaring costs found across much of the US. With a population of over 40,000, Covington boasts a median home value of just $153,600, a stark difference from the national average, making homeownership a realistic goal for many. The city's charm lies in its blend of historic architecture and a vibrant, evolving culture. Covington offers a unique atmosphere where you can enjoy the simple pleasures of life without breaking the bank.
From an investment perspective, Covington presents a compelling opportunity. While the median household income of $53,770 is slightly below the national average, the low cost of living, particularly housing, allows for a comfortable lifestyle. The city’s walkability contributes to its appeal, and with a commitment to revitalization and growth, Covington is attracting young professionals, families, and those seeking an authentic urban experience. For those looking for an affordable, welcoming, and up-and-coming city, Covington is an excellent choice.
Covington, Kentucky at a Glance
Covington is a city in Covington city, Kentucky with a population of approximately 40,923. The median home value is $153,600 and the median household income is $53,770. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.5 per 1,000 residents, which is 58% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Low." Median rent is $817 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$153,600
Median Income
$53,770
Population
40,923
Walk Score
0
Air Quality
AQI 43
Good
Climate Risk
Relatively Low
Good
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- Population
- 40,923
- Median Age
- N/A
- Median Household Income
- $53,770
28% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 23.3%
88% above nat'l avg
- Median Home Value
- $153,600
46% below nat'l avg
- Median Rent
- $817
30% below nat'l avg
- Homeownership Rate
- 86.0%
31% above nat'l avg
- Affordability Index
- 146
46% above nat'l avg
- Violent Crime Rate
- 1.5 per 1K
58% below nat'l avg
- Property Crime Rate
- 8.1 per 1K
57% below nat'l avg
- AQI
- 43
Near nat'l avg
- Category
- Good
- Overall Risk
- Relatively Low
- Risk Score
- 50.22
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 8.2¢/kWh
50% below nat'l avg
- Est. Monthly Electric
- $74
46% below nat'l avg
- Unemployment Rate
- 6.1%
65% above nat'l avg
- Poverty Rate
- 23.3%
88% above nat'l avg
Weather & Climate in Covington
Avg High
67°F
Avg Low
48°F
Annual Rainfall
"
Avg Humidity
NaN%
Political Landscape
→ Politically stable
Based on Garrard County county-level presidential election data
Culture & Things to Do in Covington
Covington Arts Festival
An annual arts festival featuring local artists and craftspeople.
Mardi Gras in Covington
A festive celebration with parades and events in the weeks leading up to Mardi Gras.
Mainstrasse Village Oktoberfest
A traditional German Oktoberfest celebration with food, beer, and music.
Goebel Park Summer Concert Series
Free outdoor concerts held throughout the summer in Goebel Park.
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