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All about

Covington, KY

Covington, Kentucky is a town with a population of just under 41,000. At an average age of just over 37, the city's residents are younger than most cities in Kentucky. In terms of housing, residents are evenly split between owning (50%) and renting (50%) their home. With a relatively reasonable average rent of $715/month in the city, renting remains an affordable option, particularly compared to other cities in Kentucky. Each month, renters in Covington will save around $66 compared to the state average.

There are four primary industries in Covington: retail, healthcare, entertainment, and manufacturing. Together, these industries account for 24% of the labor force in the city. Meanwhile, in terms of job function, many of the city's workers are in sales, as 9% of the city's population reports this as their field of work, the highest number of any career path. Covington workers earn an average annual income of about $52,000, about $10,000 less than the Kentucky average. Covington's average income also falls below the national average ($73,345). Covington has a relatively high concentration of residents older than 25 who have earned a high school degree or equivalent (22%) compared to the national average. Furthermore, 11% possess a Bachelor's degree and 4% have earned a Master's degree or Doctorate.

Covington residents have an average commute of about 24 minutes. Many residents (39%) drive their car or truck to work, while public transportation is used by only 3% of the city. Relatively few commuters (2%) walk to work, though the number is higher than the national average.

Average Rent in Covington

Studio1 Bed2 Bed3 Bed
Dec 19$1,150$1,572$1,826$1,673
Oct 191,1501,5721,8271,641
Sep 191,1501,5721,8401,821
Aug 191,1501,5601,5721,011
Jul 191,1501,5651,7271,011
Jun 191,0101,5371,7271,210
May 191,0101,5371,7181,041
Apr 191,0101,5271,690
Mar 191,0101,5101,690
Feb 19650650740
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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