Cost of Living in Covington, OH
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
80.9
100 = national avg
-19.1 vs national average
Living Wage (1 Adult)
$35,594
per year
Living Wage (Family of 4)
$84,132
per year
Cost Index by Category
Housing74.6
Food89.1
Transportation78.2
Healthcare91.3
Utilities88.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,009
per month
2 Bedroom
$1,273
per month
The overall cost of living index in Covington is 80.9, which is 19.1% below the national average. Housing costs are below the national average at an index of 74.6. A single adult needs to earn approximately $35,594 per year to cover basic expenses.