Kentucky city profile

What Is It Like to Live in Covington?

What it costs to live in Covington, and how it compares with other Kentucky cities, in plain numbers.

Value score

46

14th best value in Kentucky

How much you get for what you pay, versus other Kentucky cities.

Overall livability

46

16th overall in Kentucky

Cost, safety, schools, jobs and quality of life combined.

Covington is home to about 40,930 people. A typical home runs $130,500 and a household earns around $47,900, a price-to-income ratio of 2.7. Among Kentucky's largest cities, it ranks 14th for value and 16th overall. For context, the typical Covington home is about 50% below the statewide median of $263,000 and local household income is about 21% below the statewide median of $60,800.

Covington at a glance

Median home price

$130,500

10th in KY of 30

Median rent

$781/mo

Median household income

$47,900

Home price to income

2.7x

Unemployment

6.9%

24th in KY of 30

School rating

3/10

15th in KY of 30

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More Kentucky cities: Bowling Green, Elizabethtown, Florence, Georgetown, Lexington-Fayette urban county, Louisville/Jefferson County metro government, Nicholasville, Owensboro, Richmond

Sources: Home prices and rent from Zillow; income, unemployment and commute from the U.S. Census; school ratings from state education data; crime from the FBI. City rankings are within Kentucky only. Updated 2026.