Cove City, NC
Population 583 · North Carolina
About Cove City, NC
Cove City is a small community located in North Carolina with a population of 583 residents according to the latest US Census Bureau American Community Survey data. The median household income is $50,893 per year, which is 32% below the national median of $75,149. The median age of 55.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Cove City features a median home value of $78,800, which is 68% below the national median of $244,900. This makes Cove City one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $916, 21% below the national average of $1,163/month. Of the 248 total housing units, 67% are owner-occupied (157 units) and 33% are renter-occupied (78 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cove City shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cove City have an average one-way commute time of 22.5 minutes.
Education & Demographics
26.1% of Cove City residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 7.0% Hispanic or Latino, 5.8% Black or African American, and 0.5% Asian residents, with 0.0% of the population being foreign-born.
How Cove City Ranks in North Carolina
Cost of Living in Cove City, NC
Compared to national averages, Cove City has a median household income of $50,893 (32% below the national median of $75,149). Home values average $78,800, which is 68% below the national median. Monthly rent at $916 is 21% below the US average of $1,163. Within North Carolina, Cove City's income is 21% below the state average of $64,468, and home values are 66% below the state median of $228,922.
Why Live in Cove City, NC?
Cove City offers affordable housing with a median home value of $78,800, below the US average of $244,900, and rent that’s lower than the national average at $916/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 8.7%, better than the national average, and short commute times averaging just 22.5 minutes.
Potential considerations include median household income ($50,893) that falls below the national average. However, Cove City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cove City has a population of 583 with a median age of 55.8 years. Compare Cove City with other cities to see how it stacks up, or explore all cities in North Carolina.
Similar Cities Near Cove City
Cities in North Carolina with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lawndale | 585 | $31,691 | $105,600 | Compare |
| Roper | 586 | $19,155 | $72,100 | Compare |
| St. Helena | 580 | $77,000 | $209,200 | Compare |
| Ansonville | 578 | $39,375 | $88,500 | Compare |
| Newton Grove | 574 | $68,750 | $155,000 | Compare |
| Whitsett | 592 | $66,625 | $201,800 | Compare |
| New London | 594 | $59,688 | $256,300 | Compare |
| Woodland | 569 | $28,125 | $100,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in North Carolina
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Cove City With Other Cities
Frequently Asked Questions about Cove City
What is the population of Cove City, NC?
The population of Cove City, NC is 583 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in North Carolina.
What is the median household income in Cove City?
The median household income in Cove City, NC is $50,893 per year, which is 32% below the national median of $75,149.
What is the median home value in Cove City?
The median home value in Cove City, NC is $78,800, which is 68% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cove City?
The median monthly rent in Cove City, NC is $916, which is 21% below the national average of $1,163/month.
What is the unemployment rate in Cove City?
The unemployment rate in Cove City, NC is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Cove City, NC a good place to live?
Cove City offers a moderate cost of living, affordable housing, and a strong job market. With a population of 583 and a median age of 55.8, the city appeals to established professionals and retirees.
How educated is Cove City, NC?
26.1% of residents in Cove City aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Cove City?
Key cost-of-living indicators for Cove City, NC: median home value is $78,800 (68% below national), median rent is $916/month, and median household income is $50,893. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cove City?
The poverty rate in Cove City, NC is 8.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cove City, NC?
Cove City's population is 0.0% White, 7.0% Hispanic or Latino, 5.8% Black or African American, 0.5% Asian, and 28.0% two or more races. 0.0% of residents are foreign-born.