Covington, KY
Population 40,902 · Kentucky
About Covington, KY
Covington is a mid-sized city in Kentucky with a population of 40,902 residents. The median household income is $58,814 per year, which is near the national average. The median age in Covington is 37.6 years.
Housing in Covington has a median home value of $167,900 and median monthly rent of $949. Of the 20,946 total housing units, the majority are owner-occupied, with 9,418 owner-occupied and 8,875 renter-occupied units.
The unemployment rate in Covington is 4.6% and the poverty rate is 21.8%. 32.0% of residents hold a bachelor's degree or higher. The average commute time is 22.5 minutes.
How Covington Ranks in Kentucky
Cost of Living in Covington, KY
Compared to national averages, Covington has a median household income of $58,814 (22% below the national median of $75,149). Home values average $167,900, which is 31% below the national median. Monthly rent at $949 is 18% below the US average of $1,163. Within Kentucky, Covington's income is 11% below the state average of $66,273, and home values are 8% below the state median of $182,504.
Why Live in Covington, KY?
Covington offers affordable housing with a median home value of $167,900, below the US average of $244,900, and rent that’s lower than the national average at $949/month, and short commute times averaging just 22.5 minutes.
Potential considerations include median household income ($58,814) 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 40,902 with a median age of 37.6 years. Compare Covington with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Covington
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Georgetown | 38,206 | $78,373 | $244,200 | Compare |
| Richmond | 35,498 | $48,223 | $205,900 | Compare |
| Florence | 32,334 | $68,508 | $196,200 | Compare |
| Elizabethtown | 31,870 | $56,250 | $223,200 | Compare |
| Nicholasville | 31,625 | $67,514 | $210,700 | Compare |
| Hopkinsville | 31,011 | $47,428 | $140,200 | Compare |
| Independence | 29,024 | $98,653 | $240,500 | Compare |
| Jeffersontown | 28,988 | $78,185 | $236,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Covington
What is the population of Covington, KY?
The population of Covington, KY is 40,902 according to the latest Census data.
What is the median household income in Covington?
The median household income in Covington, KY is $58,814 per year.
What is the median home value in Covington?
The median home value in Covington, KY is $167,900.
What is the average rent in Covington?
The median monthly rent in Covington, KY is $949.
What is the unemployment rate in Covington?
The unemployment rate in Covington, KY is 4.6%.