Residential comparison · 13 facts
Covington, KY vs Independence, KY
Compare the housing, tax, cost, income, safety, school, and climate facts that are available for both places. The table shows the numbers without declaring one city universally better.
A household earning $85,000 in Covington needs about $86,500 in Independence to keep the same lifestyle.
Coming from Independence, $85,000 of lifestyle costs about $83,500 in Covington.
A few differences
- Independence is higher on median household income ($102,361 vs $61,166).
- Covington is lower on cost of living index (80 vs 86).
- Covington is lower on 2-bedroom rent ($1,160/mo vs $1,241/mo).
Covington vs Independence · facet by facet
| Facet | Covington, KY | Independence, KY |
|---|---|---|
| Median home price | $187,300 | $263,700 |
| 2-bedroom rent | $1,160/mo | $1,241/mo |
| Property tax rate | 0.83% | 0.83% |
| State & local income tax | 5.45% | 5.45% |
| Sales tax | 6% | 6% |
| Cost of living index | 80 | 86 |
| Groceries index | 95 | 95 |
| Utilities | $160/mo | $160/mo |
| Median household income | $61,166 | $102,361 |
| Unemployment rate | 4.3% | 4.3% |
| Crime index | 45/100 | 45/100 |
| School rating | 5.2/10 | 5.2/10 |
| Sunny days / year | 190 days | 190 days |
Data: Census ACS 2024 · BLS · Tax Foundation 2024 brackets · HUD/Zillow · NOAA 1991–2020 · FEMA NRI · Values are shown as reported; no universal winner is implied.
Full profiles: Covington, KY · Independence, KY
Questions & answers
- Is Covington cheaper than Independence?
- Covington has the lower day-to-day cost index (80 vs 86 against a national 100). The other differences are shown facet by facet in the table.
- What household income in Independence equals $85,000 in Covington?
- A household earning $85,000 in Covington needs about $86,500 in Independence to keep the same lifestyle; coming the other way, $85,000 of Independence lifestyle costs about $83,500 in Covington.