Covington, WA
Population 20,957 · Washington
About Covington, WA
Covington is a mid-sized city located in Washington with a population of 20,957 residents according to the latest US Census Bureau American Community Survey data. The median household income is $126,730 per year, which is 69% above the national median of $75,149. The median age of 37.4 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 $590,100, which is 141% above the national median of $244,900. This places Covington in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,220, 91% above the national average of $1,163/month. Of the 7,499 total housing units, 79% are owner-occupied (5,794 units) and 21% are renter-occupied (1,530 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 4.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Covington have an average one-way commute time of 33.7 minutes.
Education & Demographics
35.9% of Covington 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 8.3% White, 3.4% Hispanic or Latino, 0.2% Black or African American, and 3.0% Asian residents, with 17.6% of the population being foreign-born.
Cost of Living in Covington, WA
Compared to national averages, Covington has a median household income of $126,730 (69% above the national median of $75,149). Home values average $590,100, which is 141% above the national median. Monthly rent at $2,220 is 91% above the US average of $1,163. Within Washington, Covington's income is 40% above the state average of $90,795, and home values are 28% above the state median of $460,491.
Why Live in Covington, WA?
Covington offers a strong local economy with a median household income of $126,730, well above the national average, and a strong job market with an unemployment rate of just 3.6%, and a well-educated community where 35.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $590,100. However, Covington’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Covington has a population of 20,957 with a median age of 37.4 years. Compare Covington with other cities to see how it stacks up, or explore all cities in Washington.
Similar Cities Near Covington
Cities in Washington with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bothell West | 21,014 | $144,941 | $757,700 | Compare |
| Silverdale | 21,046 | $101,445 | $507,600 | Compare |
| Mill Creek | 20,846 | $121,578 | $836,300 | Compare |
| Battle Ground | 21,293 | $100,185 | $452,000 | Compare |
| Mukilteo | 21,312 | $122,612 | $830,000 | Compare |
| Arlington | 20,599 | $84,919 | $492,600 | Compare |
| Mountlake Terrace | 21,419 | $101,404 | $606,100 | Compare |
| Five Corners | 21,444 | $102,423 | $432,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Washington
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, WA?
The population of Covington, WA is 20,957 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Washington.
What is the median household income in Covington?
The median household income in Covington, WA is $126,730 per year, which is 69% above the national median of $75,149.
What is the median home value in Covington?
The median home value in Covington, WA is $590,100, which is 141% above 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, WA is $2,220, which is 91% above the national average of $1,163/month.
What is the unemployment rate in Covington?
The unemployment rate in Covington, WA 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, WA a good place to live?
Covington offers above-average incomes, a competitive housing market, and a strong job market. With a population of 20,957 and a median age of 37.4, the city appeals to a broad range of residents.
How educated is Covington, WA?
35.9% of residents in Covington aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Covington?
Key cost-of-living indicators for Covington, WA: median home value is $590,100 (141% above national), median rent is $2,220/month, and median household income is $126,730. The home-value-to-income ratio is 4.7x, a moderate figure by national standards.
What is the poverty rate in Covington?
The poverty rate in Covington, WA is 4.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Covington, WA?
Covington's population is 8.3% White, 3.4% Hispanic or Latino, 0.2% Black or African American, 3.0% Asian, and 6.0% two or more races. 17.6% of residents are foreign-born.