Cost of Living in Covington, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
90.2
100 = national avg
-9.8 vs national average
Living Wage (1 Adult)
$39,679
per year
Living Wage (Family of 4)
$93,787
per year
Cost Index by Category
Housing67.3
Food102.5
Transportation105.1
Healthcare102.0
Utilities95.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$742
per month
2 Bedroom
$973
per month
The overall cost of living index in Covington is 90.2, which is 9.8% below the national average. Housing costs are below the national average at an index of 67.3. A single adult needs to earn approximately $39,679 per year to cover basic expenses.