Cost of Living in Covington, KY
| Cost of Living in Covington, KY | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 11% lower | 30% lower |
| Utilities (Monthly) | 9% higher | 6% lower |
| Food | 13% lower | 14% lower |
| Healthcare | 3% lower | 2% lower |
| Transportation | 24% higher | 22% higher |
| Goods & Services | 16% lower | 11% lower |
The cost of living in Covington, KY is 8% lower than the state average and 13% lower than the national average. Covington, KY housing is 30% cheaper than the U.S average, while utilities are about 6% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 14% cheaper in Covington, KY than in the rest of the country, while clothing costs around 11% less .
Healthcare services such as doctor check-ups and dentistry cost 2% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 11% cheaper in Covington, KY.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Covington is $1,532, while home prices circle around $356,938.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Covington, energy bills cost around $179.57 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $4.55 in Covington, a dozen eggs go for around $2.74 and a pound of potatoes circles around $3.62.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Covington, an optometry check-up costs around $129.93, while a dentist appointment is priced $132.05 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $4.28 in Covington, while getting your tires balanced will run you about $65.54.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $27.85 here. Meanwhile, a pair of women's slacks will set you back around $27.87.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Covington, you should budget around $12.54 a month. When it comes to personal services, a haircut usually goes for $18.34, while dry cleaning costs about $15.69.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Covington, the median household income is $58,814.