Covington, LA Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Covington, LA Summary

Cost of living in Covington research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Covington is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Louisiana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Covington is 97, with 100 being the average.

  • The cost of living index in Covington is 1.0x lower than the national average.

  • Covington ranks as the #83 cheapest in Louisiana out of 109.

  • Covington ranks as the #2,747 cheapest out of 6,412 in the US.

  • The median home value in Covington is $258,600.

  • The median income in Covington is $70,511.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
97
Covington's Overall Cost Of Living
1.0x
Lower Than The National Average

What is the cost of living in Covington, LA?

According to the most recent data on the cost of living, Covington has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.

Compared to Louisiana, Covington has a cost of living index that's 1.1x higher than Louisiana's index of 92.

The standard of living in Covington ranks as #83 most affordable out of the 109 places we measured in Louisiana. By definition, that implies Covington ranks as the #26 most expensive place in the Pelican State.

For more reading on life in Covington, check out:

83 out of 109
In Louisiana
2,747 out of 6,412
In America

Covington Cost Of Living Vs. Louisiana

Six factors go into calculating the cost of living index in Covington. Here is how it fairs on each of the criteria:

  • The Services index in Covington is 94.

  • The Groceries index in Covington is 98.

  • The Health index in Covington is 92.

  • The Housing index in Covington is 108.

  • The Transportation index in Covington is 89.

  • The Utilities index in Covington is 85.

Living Expense Covington Louisiana National Average
Overall 97 92 100
Services 94 96 100
Groceries 98 96 100
Health 92 99 100
Housing 108 83 100
Transportation 89 96 100
Utilities 85 86 100
For more reading on cost of living around Louisiana, check out:
Covington Cost of Living Vs. LA

Covington, LA Housing Cost Breakdown

Housing swings affordability the most between places in Louisiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Covington is $258,600.

  • The Median Rent in Covington is $1,178.

  • The Median Income in Covington is $70,511.

  • The Home Value To Income in Covington is 3.7x.

  • The Rent To Monthly Income in Covington is 0.2x.

Statistic Covington Louisiana United States
Median Home Value $258,600 $174,000 $244,900
Median Rent $1,178 $923 $1,163
Median Income $70,511 $53,571 $69,021
Home Value To Income 3.7x 3.2x 3.5x
Rent To Monthly Income 0.2x 0.21x 0.2x
Search Homes For Sale In Covington, LA
$258,600
Median Home Value
$1,178
Median Rent
$70,511
Median Income

Covington, LA Costs By Category

Detailed Covington Services Costs Vs. Louisiana

Item Covington Louisiana
Shampoo $0.97 $1.06
Movie $10.49 $10.68
Bowling $15.0 $14.67
Haircut $18.54 $18.62
Beauty Salon $42.67 $39.05

Detailed Covington Groceries Costs Vs. Louisiana

Item Covington Louisiana
Ground Beef $3.83 $4.22
Fried Chicken $1.1 $1.39
Milk $2.27 $2.05
Potatoes $3.3 $3.29
Pizza $8.99 $10.62
Beer $8.76 $9.38
Toothpaste $1.96 $2.34

Detailed Covington Health Costs Vs. Louisiana

Item Covington Louisiana
Optometrist $102.44 $108.57
Doctor $111.0 $116.17
Dentist $83.44 $99.13

Detailed Covington Transportation Costs Vs. Louisiana

Item Covington Louisiana
Gasoline $1.89 $2.22
Tire Balancing $44.58 $50.07

Detailed Covington Utilities Costs Vs. Louisiana

Item Covington Louisiana
All Electricity $131.15 $167.67
Phone $180.18 $175.64

Covington SnackAbility

7
/10
Overall SnackAbility
Jobs
8.5/10
Housing
8.5
Affordability
8
Diversity
8
Safety
N/A
Amenities
8
Education
8
Commute
6

Cost Of Living In Cities Around Covington

The cost of living varies in the cities and towns around Covington. Here's a quick look at the cost of living in the most populous nearby places:

  • New Orleans, LA has a cost of living index of 100, 1.0x Covington.

  • Metairie, LA has a cost of living index of 102, 1.1x Covington.

  • Kenner, LA has a cost of living index of 99, 1.0x Covington.

City Population Cost Of Living Vs. Covington
New Orleans, LA 383,974 100 1.0x
Metairie, LA 140,590 102 1.1x
Kenner, LA 66,411 99 1.0x
Marrero, LA 31,928 90 0.9x
Chalmette, LA 21,981 94 1.0x
Harvey, LA 20,942 92 0.9x
Hammond, LA 19,374 90 0.9x
Gretna, LA 17,836 97 1.0x
Mandeville, LA 12,985 109 1.1x
Bogalusa, LA 10,921 82 0.8x

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