Washington · West · 21k residents
Covington, WA: economy, jobs & business costs
The site-selection read on Covington: labor costs, talent, corporate tax, energy, and business activity, with the Washington 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 $1,916/wk. Washington's corporate income tax rate is 0%. Commercial electricity averages 10.0¢/kWh.
Compare Covington side by side
Avg. weekly wage
$1,916/wk
Corporate income tax
0%
Bachelor's degree or higher
37.3%
Commercial electricity
10.0¢/kWh
Economic momentum
How fast Covington's economy is moving, ranked against the US cities we track.
91/100
Heating
Ranks Covington's residential building-permit 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 | $637,300 |
| Price per sq. ft. | $350 |
| Property tax rate | 0.87% |
| 1-bedroom rent | $1,885/mo |
| 2-bedroom rent | $2,270/mo |
| State & local income tax | 0% |
| Sales tax | 9.4% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,916/wk |
| Bachelor's degree or higher | 37.3% |
| Commercial electricity | 10.0¢/kWh |
| Businesses per 1k residents | — |
| Wage: Software developer | $166,540 |
| Wage: Registered nurse | $124,200 |
| Wage: General manager | $133,750 |
| Wage: Customer service | $50,330 |
| Wage: Warehouse worker | $44,620 |
| Wage: Heavy truck driver | $64,760 |
| Wage: Electrician | $95,220 |
| Wage: Retail salesperson | $39,560 |
| Cost of living index | 133 |
| Groceries index | 106 |
| Utilities | $155/mo |
| Transit pass | $99/mo |
| Gas price | $4.10/gal |
| Healthcare index | 104 |
| Childcare (per child) | $1,500/mo |
| Median household income | $134,502 |
| Unemployment rate | 4.3% |
| Population | 21k |
| Crime index | 50/100 |
| School rating | 6.5/10 |
| Walkability | 30/100 |
| Disaster risk | — |
| Avg. commute | 28 min |
| Sunny days / year | 155 days |
| July high | 77°F |
| January low | 33°F |
| Annual snowfall | — |
| Home price YoY | -2.6% |
| Home price MoM | -0.6% |
| Rent YoY | +5.8% |
| Rent MoM | +0.8% |
| Employment (jobs) YoY | — |
| Building permits YoY | +116.7% |
| Ocean coast | 17 mi |
| Big lake | 248 mi |
| Mountains | 39 mi |
| Major airport | 11 mi |
| Ski resort | 32 mi |
Popular comparisons
Nearby
- Maple Valley, WA · 28k
- Kent, WA · 136k
- Renton, WA · 105k
- Auburn, WA · 86k
- Lakeland North, WA · 16k
Similar size
- Five Corners, WA · 21k
- Mukilteo, WA · 21k
- Arlington, WA · 21k
- Tukwila, WA · 21k
- Mill Creek, WA · 21k
Real listings in Covington
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Covington a good place to run a business?
- Washington's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,916/wk; commercial electricity averages 10.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Covington, WA?
- Covington indexes at 133 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $2,270/mo and a acs median home value of $637,300.
- How much does a house cost in Covington?
- The acs median home value in Covington is $637,300 (Census ACS estimate; individual listings vary).
- How much is rent in Covington?
- A two-bedroom in Covington rents for about $2,270/mo.