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Covington, Indiana

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
3,069
Population
$52,466
Median Income
$164,400
Home Value
44.3
Median Age

Demographics

Covington has a population of 3,069 with a median age of 44.3. Here is the racial and ethnic breakdown of the population:

White
90.5%
Hispanic
6.1%
Other
1.3%
Black
1.1%
Asian
1.0%
Demographic Value
Total Population3,069
Median Age44.3
White90.5%
Black or African American1.1%
Asian1.0%
Hispanic or Latino6.1%
Other / Two or More Races1.3%
Covington, Indiana — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 90.5%Hispanic/Latino: 6.1%Other: 3.4%3,069PopulationWhiteWhite90.5%Hispanic/LatinoHispanic/Latino6.1%OtherOther3.4%

Income & Economy

The median household income in Covington is $52,466, which is 34.9% below the national median of $80,610. The per capita income is $34,700. The poverty rate is 15.0%.

$52,466
Median Household Income
$34,700
Per Capita Income
15.0%
Poverty Rate

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Education

In Covington, 95.3% of residents age 25+ have a high school diploma or higher, and 18.2% hold a bachelor's degree or higher (7.3% with a graduate or professional degree).

HS Diploma+
95.3%
Bachelor's+
18.2%
Graduate+
7.3%
Education Level % of Adults (25+)
High School Diploma or Higher95.3%
Bachelor's Degree or Higher18.2%
Graduate or Professional Degree7.3%

Housing

The median home value in Covington is $164,400, below the national median of $303,400. The median monthly rent is $847. The homeownership rate is 62.0%.

$164,400
Median Home Value
$847/mo
Median Rent
62.0%
Homeownership Rate
Housing Metric Value
Median Home Value$164,400
Median Monthly Rent$847
Homeownership Rate62.0%
Vacancy Rate6.8%

Salaries in Indiana

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Other Cities in Indiana

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Frequently Asked Questions

What is the population of Covington, Indiana?
The population of Covington, Indiana is 3,069 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Covington, Indiana?
The median household income in Covington, Indiana is $52,466. This is 34.9% below the national median of $80,610.
What is the median home value in Covington, Indiana?
The median home value in Covington, Indiana is $164,400. The median monthly rent is $847.
What percentage of people in Covington have a college degree?
In Covington, Indiana, 18.2% of adults age 25 and older hold a bachelor's degree or higher, and 95.3% have a high school diploma or higher.
Is Covington, Indiana an affordable place to live?
The home price-to-income ratio in Covington, Indiana is 3.1x (median home value $164,400 vs. median income $52,466), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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