Indiana · Census place 15490
Covington city, IN
Quick answer
Covington city has 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.
- 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
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
Compare with nearby places
Places of similar size in Indiana.
- Attica city 3,221
- Country Squire Lakes CDP 3,211
- Corydon town 3,165
- Shorewood Forest CDP 3,030
- New Palestine town 3,027
- Brownstown town 3,020
- Albany town 2,984
Keep going
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