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
Compare with nearby places
Places of similar size in Kentucky.
- Lexington-Fayette urban county 321,122
- Bowling Green city 73,638
- Owensboro city 60,112
- Georgetown city 38,206
- Richmond city 35,498
- Florence city 32,334
- Elizabethtown city 31,870
Keep going
More Kentucky coverage.