Cost of Living in Covington, IN

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10%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
33%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Covington Indiana National
Cost of living9089100
Groceries9897100
Health care9897100
Housing6772100
Transportation9996100
Utilities9796100
Lifestyle & Entertainment10395100
Household Items10298100
Education & Childcare10094100
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Homes For Sale In Covington, IN

property for sale

124 6th St

Covington, IN
property for sale

3147 W 260 N

Covington, IN
property for sale

120 Red Oak Ln

Covington, IN
property for sale

215 Railroad St

Covington, IN
See the Newest Homes For Sale In Covington, IN

Cost Of Living Quick Facts

  • The cost of living in Covington is 1% higher than the Indiana average
  • The cost of living in Covington is 10% lower than the national average
  • Covington housing is 33% lower than the national average
  • Indiana general sales tax is 37% higher than the national average
  • Indiana state income tax is 21% higher than the national average

Most Affordable Places to Live in and Around Covington

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      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$84,297$7,025$1,967$2,529
      Renters$55,902$4,659$1,304$1,677

      Indiana Sales Tax

      State General Sales Tax With Max Surtax
      Indiana 7% 7%

      Indiana Income Tax

      State Income Tax (Low) Income Tax (High)
      Indiana 3.15% 3.15%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Wallace, IN1037920.5%
      Alvan, IL3158218.1%
      Belgium, IL3958316.7%
      Georgetown, IL3,3038416.4%
      Mellott, IN1618118.9%
      Covington, IN2,6649010.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Desert Hills, AZ2,6641000.4%
      Belvidere, NJ2,6641032.7%
      Mondovi, WI2,664937.4%
      Spaniard's Bay, NL2,664n/a 
      Wales, WI2,66311615.8%
      Covington, IN2,6649010.4%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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