Quick facts: Covington, LA

Quick Facts

98.7
Cost of Living
below US average
11,636
Population
11.17
Crime Rate per 1000
below US average
$71,719
Median Income
below US average
$320,000
Median House Price
above US average
$2099.2
Average Rent
above US average
12%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $71,719.

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Income Needed to Buy

βœ— Stretch
$100k/year
Based on $320,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $100k vs median $71,719
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Income Needed to Rent

⚠ Stretch
$90k/year
Based on $2099.2/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $90k vs median $71,719
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Covington, LA

Covington, Louisiana, located in St. Tammany Parish, is a charming city situated about 40 miles north of New Orleans. It serves as a quaint residential community with a rich history, dating back to its founding in the early 1800s. The city is known for its picturesque downtown area, featuring historic architecture, boutique shops, and local restaurants that create a vibrant atmosphere. Covington is nestled near the picturesque banks of the Bogue Falaya River, offering residents and visitors a range of outdoor activities, including kayaking, fishing, and hiking in nearby parks. The city's proximity to the Northshore region provides easy access to natural attractions like the Fontainebleau State Park and the scenic Tammany Trace, a multi-use trail perfect for walking and biking. Historically, Covington has a strong cultural scene, hosting annual events like the Brews & Bites Festival and the St. Tammany Art Association exhibits, which celebrate local artists and cuisine. With its blend of rich cultural heritage, outdoor recreation, and small-town charm, Covington is a delightful place to live or visit.

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