Covington, TN
Population 8,612 · Tennessee
About Covington, TN
Covington is a small town located in Tennessee with a population of 8,612 residents according to the latest US Census Bureau American Community Survey data. The median household income is $43,512 per year, which is 42% below the national median of $75,149. The median age of 35.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Covington features a median home value of $163,900, which is 33% below the national median of $244,900. This positions Covington in a moderately priced market relative to the rest of the country. Median monthly rent is $910, 22% below the national average of $1,163/month. Of the 3,801 total housing units, 48% are owner-occupied (1,666 units) and 52% are renter-occupied (1,787 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Covington shows an unemployment rate of 6.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 25.8%, above the national average of 12.4%. Workers in Covington have an average one-way commute time of 27.2 minutes.
Education & Demographics
13.2% 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 1.7% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.1% Asian residents, with 0.1% of the population being foreign-born.
Cost of Living in Covington, TN
Compared to national averages, Covington has a median household income of $43,512 (42% below the national median of $75,149). Home values average $163,900, which is 33% below the national median. Monthly rent at $910 is 22% below the US average of $1,163. Within Tennessee, Covington's income is 31% below the state average of $62,849, and home values are 24% below the state median of $214,371.
Why Live in Covington, TN?
Covington offers affordable housing with a median home value of $163,900, below the US average of $244,900, and rent that’s lower than the national average at $910/month.
Potential considerations include median household income ($43,512) 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 8,612 with a median age of 35.1 years. Compare Covington with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Covington
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Jefferson City | 8,472 | $53,819 | $205,000 | Compare |
| Harrison | 8,446 | $89,753 | $254,600 | Compare |
| Bloomingdale | 8,840 | $50,408 | $141,800 | Compare |
| Signal Mountain | 8,861 | $139,714 | $482,300 | Compare |
| Pulaski | 8,305 | $45,420 | $168,200 | Compare |
| Milan | 8,194 | $45,608 | $121,400 | Compare |
| Fairfield Glade | 9,149 | $73,569 | $321,300 | Compare |
| Lexington | 7,943 | $49,253 | $173,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
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, TN?
The population of Covington, TN is 8,612 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Tennessee.
What is the median household income in Covington?
The median household income in Covington, TN is $43,512 per year, which is 42% below the national median of $75,149.
What is the median home value in Covington?
The median home value in Covington, TN is $163,900, which is 33% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Covington?
The median monthly rent in Covington, TN is $910, which is 22% below the national average of $1,163/month.
What is the unemployment rate in Covington?
The unemployment rate in Covington, TN is 6.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Covington, TN a good place to live?
Covington offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 8,612 and a median age of 35.1, the city appeals to a broad range of residents.
How educated is Covington, TN?
13.2% 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, TN: median home value is $163,900 (33% below national), median rent is $910/month, and median household income is $43,512. The home-value-to-income ratio is 3.8x, a moderate figure by national standards.
What is the poverty rate in Covington?
The poverty rate in Covington, TN is 25.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Covington, TN?
Covington's population is 1.7% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.1% Asian, and 58.6% two or more races. 0.1% of residents are foreign-born.