salaryRent is higher than in 76% of U.S. cities. A typical house costs about 6.8 years of household income, so buying is hard for most locals. Commutes are long, about 31 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $87,680 a year. That is $42 an hour at a full-time job.
Is rent cheaper than other California cities?
Yes. Rent here is cheaper than in most of California. It is number 281 of 653 cities from cheapest to most expensive.
How much do households earn in Covina?
Share of households by yearly income. 38.2% of households earn $100,000 or more.
Rent by apartment size in Covina
| Size | Covina | U.S. average |
|---|---|---|
| Studio | $2,015 | $1,338 |
| 1 bedroom | $1,887 | $1,324 |
| 2 bedrooms | $2,130 | $1,509 |
| 3 bedrooms | $2,326 | $1,698 |
| 4 bedrooms | $2,956 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Covina overall?
Everyday prices in California overall are 11% above the U.S. average (index 110.7, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Covina, so the California figure is shown.
Taxes and bills in Covina
Life in Covina
Is it cheaper to rent or buy in Covina?
Renting is cheaper right now: about $2,796 a month less.
Owning assumes a typical $718,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $71,890 for the down payment.
Frequently asked questions
What is the average rent in Covina, CA?
Renting in Covina costs a median of about $2,192 a month in 2026, including utilities. The California median is $2,357.
How much do I need to make to live in Covina?
To keep rent under 30% of income, you need about $87,680 a year, or $42 an hour at a full-time job.
Is Covina cheap or expensive?
Covina is rated OK: rent takes 24.7% of the typical household income of $106,417. It ranks 281st cheapest of 653 California cities we track.
How much are property taxes in Covina?
The median homeowner in Covina pays $4,909 a year in property taxes, about 0.68% of the median home value.
Is Covina more expensive than the national average?
Overall prices in California are 11% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Covina?
The median home value in Covina is $718,900, about 6.8 times the typical yearly household income.
49,888 people live in Covina. Numbers are typical (middle) values.