Covington, IN
Population 3,112 · Indiana
About Covington, IN
Covington is a small community in Indiana with a population of 3,112 residents. The median household income is $54,962 per year, which is near the national average. The median age in Covington is 42.5 years.
Housing in Covington has a median home value of $162,100 and median monthly rent of $841. Of the 1,442 total housing units, the majority are owner-occupied, with 851 owner-occupied and 456 renter-occupied units.
The unemployment rate in Covington is 4.0% and the poverty rate is 14.5%. 18.2% of residents hold a bachelor's degree or higher. The average commute time is 16.3 minutes.
Cost of Living in Covington, IN
Compared to national averages, Covington has a median household income of $54,962 (27% below the national median of $75,149). Home values average $162,100, which is 34% below the national median. Monthly rent at $841 is 28% below the US average of $1,163. Within Indiana, Covington's income is 21% below the state average of $69,330, and home values are 1% below the state median of $163,409.
Why Live in Covington, IN?
Covington offers affordable housing with a median home value of $162,100, below the US average of $244,900, and rent that’s lower than the national average at $841/month, and short commute times averaging just 16.3 minutes.
Potential considerations include median household income ($54,962) that falls below the national average. However, Covington’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Covington has a population of 3,112 with a median age of 42.5 years. Compare Covington with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Covington
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Corydon | 3,165 | $57,002 | $162,300 | Compare |
| Shorewood Forest | 3,030 | $151,382 | $449,400 | Compare |
| New Palestine | 3,027 | $93,170 | $320,300 | Compare |
| Brownstown | 3,020 | $62,222 | $138,100 | Compare |
| Country Squire Lakes | 3,211 | $56,806 | $28,600 | Compare |
| Attica | 3,221 | $66,081 | $116,300 | Compare |
| Smithville-Sanders | 3,228 | $72,331 | $256,900 | Compare |
| Roselawn | 3,231 | $80,061 | $185,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Covington With Other Cities
Frequently Asked Questions about Covington
What is the population of Covington, IN?
The population of Covington, IN is 3,112 according to the latest Census data.
What is the median household income in Covington?
The median household income in Covington, IN is $54,962 per year.
What is the median home value in Covington?
The median home value in Covington, IN is $162,100.
What is the average rent in Covington?
The median monthly rent in Covington, IN is $841.
What is the unemployment rate in Covington?
The unemployment rate in Covington, IN is 4.0%.