Covington, KY population, income and ZIP codes

Covington city is a small city in Kentucky, with 40,902 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #5 of 554 ranked by population — larger than 99% of them. The median age here is 37.6 years against 39.1 nationally, a slightly younger profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Covington city earn a median of $58,814 a year, 25.1% below the national figure of $78,538 and 6% above the $55,469 median for the 246 Kentucky 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 21.8% of residents here, well above the 12.4% national rate, which is the single clearest signal in this dataset that median income here is carried by a narrow band of households.

The typical owner-occupied home in Covington city is valued at $167,900, 44.7% below the national figure and 7% above the $157,200 peer median, while median gross rent runs $949 a month, 32.5% below the national figure, or roughly $11,388 across a full year. A household on the local median income would put about 19.4% 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. 51.5% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. 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.