Median Income
$45,737
household / year
Median Home Value
$80,100
owner-occupied
Median Rent
$718
gross / month
Cost of Living
88
national avg = 100

Is Covington, VA a Good Place to Live?

Covington is a small town of 5,722 in Virginia, with a median household income of $45,737 and a 2.6% unemployment rate. Its cost of living index is 88 (US average = 100), which is 12% below the national average.

Strengths: Covington stands out for an affordable cost of living, below-average home prices, lower-than-average crime, solid school ratings (B), short average commutes.

Trade-offs: No major red flags stand out in the available data. Whether Covington is right for you depends on your priorities — the full breakdown is below.

All Covington city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 88.2

Covington's overall cost of living index is 88.2, where 100 represents the US national average. Living in Covington costs roughly 12% less than the average American city.

Metric Covington, VA National Avg
Median Home Value $80,100 $244,900
Median Monthly Rent $718 $1,163
Homeownership Rate 75.2% 65.9%
Median Household Income $45,737 $74,755

Crime & Safety

Very Safe

Covington's violent crime rate is 181.1 per 100,000 residents — 52% lower than the national average of ~380 per 100,000.

Violent Crime
181.1 /100k
Property Crime
1285.8 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Covington is served primarily by Alleghany Highlands Public Schools. The student-to-teacher ratio is 12.9:1 (better than the national average of ~16:1).

Metric Covington, VA National Avg
School District Alleghany Highlands Public Schools
Elementary Schools 4
Middle Schools 1
High Schools 1
Student/Teacher Ratio 12.9:1 16:1
Bachelor's Degree or Higher 11.4% 35.4%
High School Diploma or Higher 88.6% 91.1%

Weather & Climate

Covington sees average highs of 41.5°F in January and 84.0°F in July, with 39.5 inches of annual precipitation and 10.1 inches of snow per year.

MetricCovington, VA
Average High — January41.5°F
Average High — July84.0°F
Annual Precipitation39.5"
Annual Snowfall10.1"

Demographics

MetricCovington, VANational Avg
Population5,722
Median Age41.938.9
Unemployment Rate2.6%3.7%
Avg Commute Time16.7 min26 min
White (non-Hispanic)81.6%59.3%
Black or African American13.5%13.6%
Hispanic or Latino0.8%18.9%
Asian1.1%6.3%
Under 1822.5%22.2%
65 and over19.1%16.8%

Nearby Cities

ZIP Codes in Covington

Covington, VA is covered by 1 ZIP code:

Covington vs Other Cities

Frequently Asked Questions

Covington's cost of living index is 88, where 100 is the national average. That makes Covington roughly 12% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $80,100 and median rent is $718/month.
Covington's violent crime rate is 181.1 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1285.8 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Covington are operated by Alleghany Highlands Public Schools. The district has 4 elementary, 1 middle, and 1 high schools. The student-to-teacher ratio is 12.9:1. 11.4% of adults 25+ hold a bachelor's degree or higher.
Covington, VA has a population of 5,722, a median household income of $45,737, and an unemployment rate of 2.6%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Covington averages 41.5°F in January and 84.0°F in July. Annual rainfall is 39.5 inches with about 10.1 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Covington, VA is covered by 1 ZIP code: 24426.
The population of Covington, Virginia is 5,722 with a median age of 41.9. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Covington: cost of living index 88 (100 = US average), median home $80,100, median household income $45,737, crime index 53 (100 = US average, lower is safer), schools rated B. Whether these are benefits or drawbacks depends on where you're coming from — compare Covington side by side with your current city to see the trade-offs.