Covington, KY Profile: Facts & Data

The City of Covington is the 6th largest city in Kentucky with a population of 42,334 as of July 1, 2024. Covington ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Kentucky. See peer rankings below.

The primary coordinate point for Covington is located at latitude 39.0837 and longitude -84.5086 in Kenton County. The formal boundaries for the City of Covington encompass a land area of 13.19 sq. miles and a water area of 0.57 sq. miles. Kenton County is in the Eastern time zone (GMT -5).

The City of Covington has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Kentucky is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Covington is located within Covington Division of Kenton County.

Covington, KY Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	42,334 (100%)
Population in Households	41,680 (98.5%)
Population in Families	28,072 (66.3%)
Population in Group Quarters¹	654 ( 1.5%)
Population Density	3,216
Diversity Index²	49


INCOME
Median Household Income	$58,526
Average Household Income	$84,697
% of Income for Mortgage⁴	22%
Per Capita Income	$37,968
Wealth Index⁵	60
Socioeconomic Status Index⁶	Low (43.7)

HOUSING
Total HU (Housing Units)	21,679 (100%)
Owner Occupied HU	9,375 (43.2%)
Renter Occupied HU	9,588 (44.2%)
Vacant Housing Units	2,716 (12.5%)
Median Home Value	$203,457
Average Home Value	$263,381
Housing Affordability Index³	111

HOUSEHOLDS
Total Households	18,963
Average Household Size	2.20
Family Households	9,330
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Covington, KY - Peer Comparisons by Rank and Percentile

The table below compares Covington to the other 555 incorporated cities, towns and CDPs in Kentucky by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.78%	0.05%
Households	1.10%	0.41%
Families		0.16%
Median Household Income		3.12%
Per Capita Income		3.08%
Owner Occupied HU		0.74%

Variable Description	Rank	Percentile
Total Population	# 6	99th
Population Density	# 65	88th
Median Household Income	# 264	53rd
Housing Affordability Index	# 174	31st
Per Capita Income	# 162	71st
Diversity Index	# 49	91st

Covington, KY Profile: Facts & Data

Covington, Kentucky - Basic Facts

Covington, KY Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Covington, KY - Peer Comparisons by Rank and Percentile

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