salaryRent is lower than in 58% of U.S. cities. A typical house costs about 3.6 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $59,680 a year. That is $29 an hour at a full-time job.
Is rent cheaper than other Louisiana cities?
No. Rent here is more expensive than in most of Louisiana. It is number 80 of 102 cities from cheapest to most expensive.
How much do households earn in Covington?
Share of households by yearly income. 25.3% of households earn $100,000 or more.
Rent by apartment size in Covington
| Size | Covington | U.S. average |
|---|---|---|
| 1 bedroom | $1,098 | $1,324 |
| 2 bedrooms | $1,422 | $1,509 |
| 3 bedrooms | $1,798 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Covington overall?
Everyday prices in the Slidell-Mandeville-Covington metro area are 7% below the U.S. average (index 92.7, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Covington
Life in Covington
What jobs pay in Covington
| Job | Median pay | Rent / pay |
|---|---|---|
| Physician Assistant | $138,310 | 12.9% |
| Pharmacist | $131,200 | 13.6% |
| Nurse Practitioner | $127,840 | 14.0% |
| Operations Manager | $102,450 | 17.5% |
| Civil Engineer | $101,820 | 17.6% |
| Software Developer | $101,530 | 17.6% |
| Computer Systems Analyst | $99,170 | 18.1% |
| Dental Hygienist | $85,920 | 20.8% |
| Lawyer | $84,590 | 21.2% |
| Registered Nurse | $81,160 | 22.1% |
| Accountant | $72,490 | 24.7% |
| Elementary School Teacher | $59,850 | 29.9% |
| Licensed Practical Nurse | $59,500 | 30.1% |
| Plumber | $58,750 | 30.5% |
| HVAC Technician | $57,320 | 31.2% |
| Electrician | $56,670 | 31.6% |
| Truck Driver | $49,410 | 36.2% |
| Carpenter | $48,310 | 37.1% |
| Police Officer | $47,790 | 37.5% |
| Customer Service Representative | $37,270 | 48.0% |
| Warehouse Worker | $36,360 | 49.2% |
| Medical Assistant | $35,950 | 49.8% |
| Nursing Assistant | $34,050 | 52.6% |
| Firefighter | $29,500 | 60.7% |
| Retail Salesperson | $29,280 | 61.1% |
| Restaurant Cook | $29,050 | 61.6% |
| Cashier | $27,590 | 64.9% |
| Server (Waiter/Waitress) | $15,080 | 118.7% |
Is it cheaper to rent or buy in Covington?
Renting is cheaper right now: about $556 a month less.
Owning assumes a typical $295,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $29,510 for the down payment.
Frequently asked questions
What is the average rent in Covington, LA?
Renting in Covington costs a median of about $1,492 a month in 2026, including utilities. The Louisiana median is $1,165.
How much do I need to make to live in Covington?
To keep rent under 30% of income, you need about $59,680 a year, or $29 an hour at a full-time job.
Is Covington cheap or expensive?
Covington is rated OK: rent takes 21.9% of the typical household income of $81,805. It ranks 80th cheapest of 102 Louisiana cities we track.
How much are property taxes in Covington?
The median homeowner in Covington pays $1,900 a year in property taxes, about 0.64% of the median home value.
Is Covington more expensive than the national average?
Overall prices in the metro area are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Covington?
The median home value in Covington is $295,100, about 3.6 times the typical yearly household income.
11,658 people live in Covington. Numbers are typical (middle) values.