Covington, VA
5,680Residents
$41,944Median household income
$794/moMedian gross rent
$83,500Median home value
38.0Median age
10%Adults with a bachelor’s degree or higher
70%Homes lived in by their owners
2.0×Home value to household income
Median rent takes about 23% of the median household income in Covington.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $32,000 a year. In Virginia that leaves roughly $2,178 a month after tax. See the full paycheck breakdown for $30,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.