Covington, TN, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Covington stands at 85, which is 15% below the national average of 100. This lower cost of living makes Covington an attractive option for those seeking more affordable living conditions.
Specifically, housing costs in Covington are 25% below the national average, with an index of 75. Groceries, utilities, transportation, healthcare, and miscellaneous expenses also show lower costs, ranging from 80 to 95. This data suggests that residents in Covington can enjoy a more budget-friendly lifestyle compared to the national average.
Covington, TN, offers a cost of living that is notably lower than the nationwide average. The housing index in Covington stands at 75, which is 25% below the national average of 100. This suggests that housing costs in Covington are significantly more affordable, making it an attractive option for those looking to save on their living expenses. Additionally, the transportation index is at 80, which is 20% lower than the national average. This indicates that commuting and vehicle-related costs are also relatively lower in Covington.
When considering other expenses, Covington's grocery index is at 89, which is 11% below the national average. This means that groceries are slightly cheaper in Covington compared to the national average. Utilities in Covington are at 92, which is 8% below the average, suggesting minor savings on utility bills. Healthcare costs in Covington are at 95, just 5% below the average, indicating that healthcare expenses are nearly on par with the national average. Lastly, the miscellaneous index is at 85, which is 15% below the average, showing that other miscellaneous costs are also lower in Covington. Overall, Covington provides a cost of living that is 12% below the national average, making it a budget-friendly choice for many.
