What is the population of Covington city?

Covington city has 3,112 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #175 of 976 in Indiana.

What is the median household income in Covington city?

Median household income in Covington city is $54,962 a year, 30% below the national figure of $78,538.

How much does it cost to rent or buy in Covington city?

Median gross rent is $841 a month and the median home value is $162,100, so rent absorbs about 18.4% of median household income.

Is Covington city affordable compared with the rest of the US?

Homes cost about 2.9× the local median income here versus roughly 3.9× nationally, so Covington city is more affordable to buy in than the typical US market, and rent takes 18.4% of median income against the 30% cost-burden line.

Aerial view of a dense city center, illustrating the US cities ZIP code directory

Indiana · Census place 15490

Covington, IN population, income and ZIP codes

Quick answer

The population of the city of Covington, Indiana (Covington, IN — Census place “Covington city”) is 3,112 residents, ranking #175 of 976 places in Indiana. Median household income is $54,962, the median home is worth $162,100 and median gross rent runs $841 a month. Looking for the Covington Indiana ZIP code list? 1 ZIP codes serve Covington, IN: 47932.

Population: 3,112Covington city residents
Median household income: $54,962Past 12 months, inflation adjusted
Median home value: $162,100Owner-occupied units
Median gross rent: $841Rent plus utilities, monthly
Median age: 42.5 yrsAll residents
Homeownership rate: 65.1%Owner-occupied households

Covington ZIP codes (Indiana)

Census ZCTAs whose delivery area overlaps Covington.

The Covington IN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

47932

What the numbers mean in Covington city

Housing cost measured against local earnings.

A household earning the Covington city median would spend about 18.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 14.5% of residents and 65.1% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Covington city, IN in context

How this area compares with national benchmarks.

Covington city is a small town in Indiana, with 3,112 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #175 of 976 ranked by population — larger than 82% of them. The median age here is 42.5 years against 39.1 nationally, a slightly older profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Covington city earn a median of $54,962 a year, 30% below the national figure of $78,538 and 11% below the $61,527 median for the 355 Indiana cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 14.5% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Covington city is valued at $162,100, 46.6% below the national figure and 11% above the $145,600 peer median, while median gross rent runs $841 a month, 40.2% below the national figure, or roughly $10,092 across a full year. A household on the local median income would put about 18.4% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.9×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 65.1% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in Indiana.

More Indiana coverage.

Frequently asked questions

Common questions about this area.

What is the population of Covington city?: Covington city has 3,112 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #175 of 976 in Indiana.
What is the median household income in Covington city?: Median household income in Covington city is $54,962 a year, 30% below the national figure of $78,538.
How much does it cost to rent or buy in Covington city?: Median gross rent is $841 a month and the median home value is $162,100, so rent absorbs about 18.4% of median household income.
Is Covington city affordable compared with the rest of the US?: Homes cost about 2.9× the local median income here versus roughly 3.9× nationally, so Covington city is more affordable to buy in than the typical US market, and rent takes 18.4% of median income against the 30% cost-burden line.
How current is this Covington city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.