Pros and Cons of Living In Covington, Kentucky. Is Covington, KY a Nice Place To Live or Retire?

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Covington, Kentucky

Moving to Covington In Kentucky ? Is Covington, KY a Nice Place To Live? Pros and Cons of Living in Covington, Kentucky. Find out the best and worst about to live, raise a family or retire in Covington.

Covington is a home rule-class city in Kenton County, Kentucky, United States. Located at the confluence of the Ohio and Licking rivers, it lies south of Cincinnati, Ohio, across the Ohio and west of Newport, Kentucky, across the Licking. It had a population of 40,691 at the 2020 census, making it the largest city in Northern Kentucky and the fifth-most populous city in the state. A part of the Cincinnati metropolitan area, it is one of Kenton County's two seats, along with Independence.

DEMOGRAPHICS

Population
40466
Unemployment
6.5%
38% NAT AVG.
Poverty
23%
64% NAT AVG.
Cost Of Living
88
12% NAT AVG.

ECONOMICS

Median Home Cost
$120100
48% NAT AVG.
Median Income
$46035
32% NAT AVG.
Median Rent
$722
38% NAT AVG.
Overall Score
5

CRIME REPORT

Total Crime
1203
27% NAT. AVG.
46% STATE AVG.
Violent Crime
154
2% NAT. AVG.
47% STATE AVG.
Property Crime
1049
33% NAT. AVG.
46% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 4
Unemployed People
1 in 15
People Earning < $10,000
1 in 9
People Earning < $50,000
53.5%
People With Any Degree
1 in 2.9

ETHNICITY

Ethnicity Covington USA
White 76.8% 60.1%
African American 11% 12.2%
American Indian 0.2% 0.6%
Asian 1% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.7% 2.8%
Hispanic 7.1% 18.2%
Other 0.2% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Covington USA
Less than $10,000 10.7% 5.8%
$10,000 to $14,999 6.1% 4.1%
$15,000 to $24,999 12.3% 8.5%
$25,000 to $34,999 11.4% 8.6%
$35,000 to $49,999 13% 12.0%
$50,000 to $74,999 18.9% 17.2%
$75,000 to $99,999 9.7% 12.8%
$100,000 to $149,999 11.9% 15.6%
$150,000 to $199,999 2.4% 7.1%

EDUCATION

Education Covington USA
< 9th Grade 5% 5.0%
9-12th Grade 9% 7.0%
High School or GED 31% 27.0%
Other College 21% 20.0%
Associate's Degree 6% 9%
Bachelor's Degree 18% 20.0%
Master's Degree 7% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 1% 1.0%
Covington is a city in Kentucky state in USA with a population of 40466 residents.. The poverty rate of Covington is 23%, which is 64% higher than national average. The typical household in Covington earns $46035 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 53.5% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Covington remained 6.5%, which is 38% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in Covington is 88, which is 12% lower than national average. In Covington, only 28% of adults have a bachelor's degree and 27% have some college but no degree. Median home value in Covington is $120100 , which is 48% lower than national average. While median income in Covington remained $46035, which is 32% lower than national average.
Covington Scorecard

Jobs50%

Housing50%

Affordability80%

Safety50%

Amenities90%

Diversity80%

Education70%

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