Covington, IN

Full City Profile · Indiana · Fountain County County

3.7 /5.0
B+ Good
3,112 Population 2,146/sq mi density
$54,962 Median Income $30,905 per capita
$162,100 Home Value $230,870 Zillow
$841 Median Rent 19.5% income on rent
52°F Avg Temperature
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$54,962 median income, 4.0% unemployment
A+
Affordability
5.0 / 5.0
$162,100 home value, $841/mo rent
C
Education
2.5 / 5.0
18.2% bachelor's degree or higher

Covington, IN

At a Glance

Median Income
$54,962
27% below
$30,905 per capita
Home Value
$162,100
42% below
Zillow: $230,870
Median Rent
$841/mo
28% below
19.5% of income on rent
Bachelor's Degree+
18.2%
46% below
94.8% high school+
Unemployment
4.0%
11% above
10.3% poverty rate
Obesity Rate
41.7%
30% above
17.3% smoking rate
Avg Temperature
52°F

How Covington Compares to the U.S. Average

Each bar shows Covington's value as a percentage of the national average (100% = U.S. avg)

Income
73%
Home Value
58%
Rent
72%
Poverty
83%
Bachelor's
54%
Unemployment
111%
Thin vertical line = U.S. national average (100%)

Is Covington a Good Place to Live?

B+
3.7 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Covington residents earn a median household income of $54,962 , which is 27% below the national average of $75,149. Per capita income is $30,905. The unemployment rate stands at 4.0% (11% above the U.S. rate of 3.6%). 10.3% of residents live below the poverty line. The area is home to 370 business establishments, including 31 restaurants.

Housing & Cost of Living

The median home value in Covington is $162,100 , 42% below the national median of $281,900. Zillow estimates the typical home at $230,870. Median rent is $841/month, with 19.5% of renters spending more than 30% of income on housing. The cost of living index is 93.3 (100 = national average). The median home was built in 1956.

Education

18.2% of adults in Covington hold a bachelor's degree or higher (46% below the national average). 94.8% have completed high school. Local schools score 5.8/10 in standardized testing.

Climate & Weather

Covington has an average annual temperature of 52°F (11°C). Winters average 26°F in January while summers reach 74°F in July. Annual precipitation totals 39.0 inches.

Data Overview

People

Population3,112
Median Age42.5 yrs
Density2,146/mi²
Male / Female50% / 50%
Foreign Born1.4%
Veterans7.1%

Economy

B+
Median Income$54,962
Per Capita$30,905
Unemployment4.0%
Poverty10.3%
County GDP$638M
Avg Weekly Wage$891

Housing

A+
Home Value$162,100
Rent$841
Ownership65.1%
Zillow$230,870
Housing Units1,377
Rent Burden19.5%

Health

Obesity41.7%
Diabetes10.6%
Smoking17.3%
Heart Disease5.8%
Premature Death10,687/100K

Climate

Avg Temp52°F
Rain39.0 in/yr
Elevation591 ft

Education

C
Bachelor's+18.2%
High School+94.8%
Graduate+7.9%
School Score5.8/10

Community

2024 VoteR 79% / D 19%
Commute16 min
Broadband88.5%
Internet Speed62 Mbps
EV Stations2
Libraries4

Did You Know?

The median home in Covington was built in 1956.
The nearest airport is Vermilion Regional (12 miles).
The Gini coefficient (income inequality) is 0.413 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
14.5% of the population has a disability.
The county recorded 5 fatal vehicle crashes.