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ZipNumbers

Kentucky · Census place 17848

Covington city, KY

Quick answer

Covington city has 40,902 residents, ranking #5 of 554 places in Kentucky. Median household income is $58,814, the median home is worth $167,900 and median gross rent runs $949 a month.

Population
40,902Covington city residents
Median household income
$58,814Past 12 months, inflation adjusted
Median home value
$167,900Owner-occupied units
Median gross rent
$949Rent plus utilities, monthly
Median age
37.6 yrsAll residents
Homeownership rate
51.5%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 19.4% 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 21.8% of residents and 51.5% of households own their home.

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

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