Cost of living in Covington city, VA
Population 5,671 · Last updated May 21, 2026
Cost breakdown
Single person, by category, per month.
Rent in Covington city
Fair Market Rents by bedroom count.
Source: HUD FMR FY2025
Income and earnings in Covington city
Annual earnings figures from the Census ACS.
Source: ACS 2019-2023 5-Year.
Home values in Covington city
Average values reported by homeowners.
Source: ACS 2019-2023 5-Year
Energy costs in Covington city
Estimated monthly electricity and gas costs.
Source: EIA
Healthcare in Covington city
Insurance premiums and coverage rates.
Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.
Taxes in Covington city
State and local tax rates for Virginia.
Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.
Transportation in Covington city
Commute patterns and estimated costs.
Source: ACS
Monthly cost estimates for Covington city
What it costs to live in Covington city each month.
- Rent $738
- Energy $202
- Water $55
- Groceries $355
- Transport $320
- Healthcare $480
- Federal tax $357
- State tax $131
- Rent $851
- Energy $242
- Water $65
- Groceries $588
- Transport $420
- Healthcare $864
- Federal tax $385
- State tax $183
- Rent $1,192
- Energy $303
- Water $75
- Groceries $893
- Transport $520
- Healthcare $1,350
- Childcare $1,200
- Federal tax $385
- State tax $183
Frequently asked questions about Covington city
Common questions about cost of living, rent and salary.
What is the average rent in Covington city?
In Covington city, VA, a one-bedroom apartment averages $738 per month, a two-bedroom averages $851 per month, a three-bedroom averages $1,192 per month, according to HUD Fair Market Rent data.
What is the average salary in Covington city?
In Covington city, VA, the average household income is $42,724 per year and individual earnings for full-time workers average $31,875 per year, according to U.S. Census Bureau data.
What is the cost of living in Covington city?
The estimated cost of living in Covington city, VA is approximately $2,638 per month for a single person, $3,598 for a couple, $6,101 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.
What is the sales tax rate in Covington city?
The combined sales tax rate in Covington city, VA is 5.75%, which includes the Virginia state rate of 5.30% plus an average local rate of 0.45%.
Is Covington city an affordable place to live?
Based on the data, a single person in Covington city, VA would need approximately $2,638 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $42,724 per year ($3,560 per month). Covington city has a high cost of living relative to local earnings.
How much does healthcare cost in Covington city?
The ACA marketplace benchmark premium in Covington city, VA is approximately $480 per month for an individual. Approximately 6.4% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.
What are house prices in Covington city?
The average home value in Covington city, VA is $80,200, with average annual property taxes of $629, according to U.S. Census Bureau data.
How does Covington city compare to other areas?
You can compare Covington city, VA with any other US county using our comparison tool at /compare. Covington city is in Virginia.
Other counties in Virginia
Browse the full list of counties in Virginia, ranked by cost of living.
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About this data
All figures on this page come from official U.S. government sources, listed below.
- HUD FMR FY2025
- ACS 2019-2023 5-Year
- EIA
- ACS + national avg
- ACS
- USDA + BEA RPP