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Covington, KY

Full City Profile · Kentucky · Hamilton County County

3.3 /5.0
B Good
40,902 Population 3,106/sq mi density
$58,814 Median Income $36,410 per capita
$167,900 Home Value $215,309 Zillow
$949 Median Rent 29.8% income on rent
55°F Avg Temperature 293 sunny days/yr
466 Violent Crime/100K 2,912 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$58,814 median income, 3.0% unemployment
A+
Affordability
5.0 / 5.0
$167,900 home value, $949/mo rent
F
Safety
1.0 / 5.0
466 violent crimes/100K (23% above avg)
B+
Education
3.6 / 5.0
32.0% bachelor's degree or higher

Income Overview

Median Household Income
$58,814
22% below
US avg: $75,149
Per Capita Income
$36,410
7% below
US avg: $39,052
Unemployment Rate
3.0%
17% below
US avg: 3.6%
Poverty Rate
15.6%
26% above
US avg: 12.4%

Income Comparison: Covington vs. U.S. Average

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

Median Household
US: $75,149
$58,814
78%
Per Capita
US: $39,052
$36,410
93%
IRS Avg AGI
US: $72,000
$97,169
135%
Avg Weekly Wage
US: $1,432
$1,479
103%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,479
3% above US avg ($1,432)
Mean Commute Time
23 min
18% below US avg (28 min)
Work From Home
12.8%
16% below US avg (15.2%)
Drive Alone
71.0%
3% below US avg (73.2%)
Public Transit
3.6%
28% below US avg (5.0%)
County GDP
$107,275M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 71%
Public Transit 3.6%
Work From Home 12.8%
Other 12.6%
Average commute time
23 minutes
US avg: 28 min

Business Landscape

Total Establishments
27,215
Restaurants
2,075
Healthcare
2,590
Retail
2,526
Manufacturing
920

Tax & Financial

IRS Avg Adjusted Gross Income
$97,169
35% above US avg ($72,000)
Avg Property Tax
$9,087
160% above US avg ($3,500)
Cost of Living Index
90.2
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$58,814
Per Capita Income$36,410
IRS Avg Adjusted Gross Income$97,169
Avg Weekly Wage$1,479
County GDP$107,275M

Hardship Indicators

Unemployment Rate3.0%
Poverty Rate15.6%
Gini Coefficient0.505
Cost of Living Index90.2

Commute

Mean Commute23 minutes
Drive Alone71.0%
Public Transit3.6%
Work From Home12.8%

Businesses

Total Establishments27,215
Restaurants2,075
Healthcare2,590
Retail2,526
Manufacturing920

Tax

IRS Avg AGI$97,169
Avg Property Tax$9,087