Covington, TN, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Covington is 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 expenses.
Housing costs in Covington are particularly favorable, with an index of 68, which is 32% below the national average. This significant difference highlights the potential savings in housing expenses for residents. Additionally, while some categories like groceries and healthcare are slightly above the national average, the overall lower cost of living index makes Covington an appealing choice for budget-conscious individuals.
Covington, TN, offers a cost of living that is notably lower than the nationwide average. The housing index in Covington stands at 68, which is 32% lower than the average cost of living index of 100. This means that housing expenses in Covington are significantly more affordable compared to the national average. Additionally, groceries in Covington cost 92 on the index, which is 8% lower than the average. This makes everyday food purchases more budget-friendly for residents.
Utilities in Covington are priced at 85 on the index, which is 15% below the average. This reduction in utility costs can lead to savings for those living in the area. Transportation costs in Covington are at 90, just 10% below the average, making commuting and travel expenses relatively comparable to the national average. Healthcare costs in Covington are slightly higher, at 95, which is 5% above the average. However, miscellaneous costs are at 88, which is 12% below the average, offering some relief in other spending areas. Overall, the cost of living in Covington, TN, presents a favorable comparison to the nationwide average, with several categories offering significant savings.
