Cost of Living in Covington, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
81.7
100 = national avg
-18.3 vs national average
Living Wage (1 Adult)
$35,927
per year
Living Wage (Family of 4)
$84,919
per year
Cost Index by Category
Housing90.7
Food83.3
Transportation66.5
Healthcare86.6
Utilities88.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,154
per month
2 Bedroom
$1,274
per month
The overall cost of living index in Covington is 81.7, which is 18.3% below the national average. Housing costs are below the national average at an index of 90.7. A single adult needs to earn approximately $35,927 per year to cover basic expenses.