Covington, OK
Population 341 · Oklahoma
About Covington, OK
Covington is a small community located in Oklahoma with a population of 341 residents according to the latest US Census Bureau American Community Survey data. The median household income is $74,500 per year, which is 1% below the national median of $75,149. The median age of 40.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Covington features a median home value of $85,500, which is 65% below the national median of $244,900. This makes Covington one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $929, 20% below the national average of $1,163/month. Of the 162 total housing units, 78% are owner-occupied (106 units) and 22% are renter-occupied (30 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Covington shows an unemployment rate of 3.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Covington have an average one-way commute time of 28 minutes.
Education & Demographics
15.2% of Covington residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 7.0% Hispanic or Latino, 0.0% Black or African American, and 7.6% Asian residents, with 0.6% of the population being foreign-born.
Cost of Living in Covington, OK
Compared to national averages, Covington has a median household income of $74,500 (1% below the national median of $75,149). Home values average $85,500, which is 65% below the national median. Monthly rent at $929 is 20% below the US average of $1,163. Within Oklahoma, Covington's income is 32% above the state average of $56,382, and home values are 29% below the state median of $119,992.
Why Live in Covington, OK?
Covington offers affordable housing with a median home value of $85,500, below the US average of $244,900, and rent that’s lower than the national average at $929/month, and a strong job market with an unemployment rate of just 3.6%. Additionally, the city features a low poverty rate of 9.1%, better than the national average.
Potential considerations include median household income ($74,500) 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 341 with a median age of 40.3 years. Compare Covington with other cities to see how it stacks up, or explore all cities in Oklahoma.
Similar Cities Near Covington
Cities in Oklahoma with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Gans | 342 | $53,203 | $135,700 | Compare |
| Webbers Falls | 343 | $78,750 | $94,500 | Compare |
| Medicine Park | 344 | $106,750 | $326,800 | Compare |
| Ralston | 344 | $60,625 | $40,400 | Compare |
| Mountain Park | 347 | $27,083 | $35,000 | Compare |
| Gracemont | 332 | $36,250 | $60,000 | Compare |
| Cleo Springs | 351 | $43,571 | $88,500 | Compare |
| East Duke | 331 | $59,500 | $118,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oklahoma
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, OK?
The population of Covington, OK is 341 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Oklahoma.
What is the median household income in Covington?
The median household income in Covington, OK is $74,500 per year, which is 1% below the national median of $75,149.
What is the median home value in Covington?
The median home value in Covington, OK is $85,500, which is 65% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Covington?
The median monthly rent in Covington, OK is $929, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Covington?
The unemployment rate in Covington, OK is 3.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Covington, OK a good place to live?
Covington offers a moderate cost of living, affordable housing, and a strong job market. With a population of 341 and a median age of 40.3, the city appeals to a broad range of residents.
How educated is Covington, OK?
15.2% of residents in Covington 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 Covington?
Key cost-of-living indicators for Covington, OK: median home value is $85,500 (65% below national), median rent is $929/month, and median household income is $74,500. The home-value-to-income ratio is 1.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Covington?
The poverty rate in Covington, OK is 9.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Covington, OK?
Covington's population is 0.0% White, 7.0% Hispanic or Latino, 0.0% Black or African American, 7.6% Asian, and 0.0% two or more races. 0.6% of residents are foreign-born.