Covington has a population of 40,923 with a median age of 37.8. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 40,923 |
| Median Age | 37.8 |
| White | 78.3% |
| Black or African American | 9.6% |
| Asian | 1.2% |
| Hispanic or Latino | 8.5% |
| Other / Two or More Races | 2.4% |
The median household income in Covington is $53,770, which is 28.4% below the national median of $75,149. The per capita income is $33,868. The poverty rate is 23.3%.
The unemployment rate in Covington is 6.1%, compared to the national rate of 5.4%.
In Covington, 85.7% of residents age 25+ have a high school diploma or higher, and 30.4% hold a bachelor's degree or higher (10.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 85.7% |
| Bachelor's Degree or Higher | 30.4% |
| Graduate or Professional Degree | 10.5% |
The median home value in Covington is $153,600, below the national median of $281,900. The median monthly rent is $877. The homeownership rate is 51.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $153,600 |
| Median Monthly Rent | $877 |
| Homeownership Rate | 51.4% |
| Vacancy Rate | 13.4% |
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