States › Ohio › Covedale

Is Covedale, OH expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,58110% lower than U.S. average
💵 Families earn per year (2026)$97,813about $8,151/month · 12% higher than U.S. average
🔑 House price$229,10031% lower than U.S. average

Rent is lower than in 53% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (91.3%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $63,240 a year. That is $30 an hour at a full-time job.

Is rent cheaper than other Ohio cities?

No. Rent here is more expensive than in most of Ohio. It is number 218 of 288 cities from cheapest to most expensive.

Covedale
$1,581
Milford
$1,424
Hillsboro
$852
Moraine
$975
Upper Sandusky
$988
Champion Heights
$1,178
Belpre
$1,178

How much do households earn in Covedale?

Under $25k
5.0%
$25k–50k
23.3%
$50k–100k
32.3%
$100k–150k
23.1%
$150k+
14.8%

Share of households by yearly income. 37.9% of households earn $100,000 or more.

How expensive is Covedale overall?

Everyday prices in Ohio overall are 7% below the U.S. average (index 92.8, U.S. = 100).

Housing
73
Goods (food, clothes…)
94
Utilities
96
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Covedale, so the Ohio figure is shown.

Taxes and bills in Covedale

🏛️ Property tax$3,819a year · 1.67% of home value · U.S. $3,119
⚡ Electric bill$204a month (typical) · U.S. $156

Life in Covedale

Commute to work27.1 minU.S.: 26.4 min
College degree44.8%U.S.: 35.7%
Own their home91.3%U.S.: 65.2%
Below poverty line5.5%U.S.: 12.5%
Unemployment1.1%U.S.: 5.2%

Is it cheaper to rent or buy in Covedale?

About the same. Renting and owning cost within $9 of each other each month.

Renting
$1,581
Owning
$1,590

Owning assumes a typical $229,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $22,910 for the down payment.

Frequently asked questions

What is the average rent in Covedale, OH?

Renting in Covedale costs a median of about $1,581 a month in 2026, including utilities. The Ohio median is $1,261.

How much do I need to make to live in Covedale?

To keep rent under 30% of income, you need about $63,240 a year, or $30 an hour at a full-time job.

Is Covedale cheap or expensive?

Covedale is rated Cheap: rent takes 19.4% of the typical household income of $97,813. It ranks 218th cheapest of 288 Ohio cities we track.

How much are property taxes in Covedale?

The median homeowner in Covedale pays $3,819 a year in property taxes, about 1.67% of the median home value.

Is Covedale more expensive than the national average?

Overall prices in Ohio are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Covedale?

The median home value in Covedale is $229,100, about 2.3 times the typical yearly household income.

6,500 people live in Covedale. Numbers are typical (middle) values.