Cost of Living: Covington, VA vs Hoover, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Covington | Hoover |
|---|---|---|
| Housing Index | 107.5 | 85.0 |
| Median Home Price | $178,000 | $321,000 |
| Average Rent (2 BR Apartment) | $1935 | $1346 |
| Average Rent (2 BR House) | $2103 | $1463 |
Housing Comparison: Covington vs Hoover
- The median home price in Hoover is higher at $321,000, compared to $178,000 in Covington.
- Renting a two-bedroom apartment costs more in Covington at $1,935 than in Hoover at $1,346.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Covington | Hoover |
|---|---|---|
| Electricity Price | $15.31 | $15.03 |
| Natural Gas Price | $19.91 | $21.76 |
| Other Utilities | $242 | $250 |
Utilities Comparison: Covington vs Hoover
- Electricity costs are higher in Covington at $15.31 per kWh, compared to $15.03 in Hoover.
- Hoover experiences higher natural gas costs at $21.76 per unit, with costs at $19.91 in Covington.
- Hoover has higher utility expenses, averaging $250, while Covington averages $242.