Cost of Living in Covington, IN
Housing
The housing market plays a significant role in determining the cost of living in Covington, IN.
- Housing Index: 91.1 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $1317 per month
- Average Rent (2 BR House): $1431 per month
Based on the provided data, it appears that housing information for Covington, IN is currently absent, with a housing index of 91.1, a median home price of 0, and both average rents for a 2-bedroom apartment and house listed as 1317 and 1431, respectively, being zero. This might suggest an undeveloped or transitioning market. It's crucial to consider nearby areas or additional resources, as any housing information could be key to making informed relocation decisions in this sector prior to considering moving.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Covington, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $233 per month
Living in Covington, IN could entail higher utility costs. Electricity costs sit at $14.89, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $233 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Covington is a financially viable option for your relocation.