Los Angeles County · California · West · 50k residents
Covina, CA: economy, jobs & business costs
The site-selection read on Covina: labor costs, talent, corporate tax, energy, and business activity, with the California median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,656/wk. California's corporate income tax rate is 8.84%. Commercial electricity averages 25.5¢/kWh.
Compare Covina side by side
Avg. weekly wage
$1,656/wk
Corporate income tax
8.84%
Bachelor's degree or higher
27.3%
Commercial electricity
25.5¢/kWh
Economic momentum
How fast Covina's economy is moving, ranked against the US cities we track.
60/100
Steady
Ranks Covina's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $718,900 |
| Price per sq. ft. | $470 |
| Property tax rate | 0.75% |
| 1-bedroom rent | $1,780/mo |
| 2-bedroom rent | $2,009/mo |
| State & local income tax | 2.09% |
| Sales tax | 8.8% |
| Corporate income tax | 8.84% |
| Avg. weekly wage | $1,656/wk |
| Bachelor's degree or higher | 27.3% |
| Commercial electricity | 25.5¢/kWh |
| Businesses per 1k residents | 61.5/1k |
| Wage: Software developer | $160,920 |
| Wage: Registered nurse | $135,560 |
| Wage: General manager | $125,830 |
| Wage: Customer service | $48,840 |
| Wage: Warehouse worker | $38,650 |
| Wage: Heavy truck driver | $60,340 |
| Wage: Electrician | $73,810 |
| Wage: Retail salesperson | $37,700 |
| Cost of living index | 136 |
| Groceries index | 112 |
| Utilities | $245/mo |
| Transit pass | $90/mo |
| Gas price | $4.80/gal |
| Healthcare index | 108 |
| Childcare (per child) | $1,450/mo |
| Median household income | $98,671 |
| Unemployment rate | 5.2% |
| Population | 50k |
| Crime index | 52/100 |
| School rating | 5.5/10 |
| Walkability | 30/100 |
| Disaster risk | 100/100 |
| Avg. commute | 29 min |
| Sunny days / year | 260 days |
| July high | 90°F |
| January low | 43°F |
| Annual snowfall | 0 in |
| Home price YoY | +1.2% |
| Home price MoM | -0.3% |
| Rent YoY | +4.9% |
| Rent MoM | +0.5% |
| Employment (jobs) YoY | 0.0% |
| Building permits YoY | +69.5% |
| Ocean coast | 28 mi |
| Big lake | 205 mi |
| Mountains | 12 mi |
| Major airport | 18 mi |
| Ski resort | 19 mi |
Popular comparisons
Nearby
- Azusa, CA · 49k
- West Covina, CA · 107k
- Glendora, CA · 51k
- Baldwin Park, CA · 70k
- Arcadia, CA · 55k
Similar size
- Rosemead, CA · 50k
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Real listings in Covina
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Covina a good place to run a business?
- California's corporate income tax rate is 8.84%; average weekly wages in the surrounding labor market run $1,656/wk; commercial electricity averages 25.5¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Covina, CA?
- Covina indexes at 136 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $2,009/mo and a acs median home value of $718,900.
- How much does a house cost in Covina?
- The acs median home value in Covina is $718,900 (Census ACS estimate; individual listings vary).
- How much is rent in Covina?
- A two-bedroom in Covina rents for about $2,009/mo.