Covington, KY
Discover how far your salary goes in Covington. Compare taxes, rent, and living costs.
40,961
4.5%
$998
/month
-29%
below avg
How far would your salary go in Covington?
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Rent Prices in Covington
Studio
$798
/month
$9,576/year
1 Bedroom
$998
/month
$11,976/year
2 Bedroom
$1,347
/month
$16,164/year
3 Bedroom
$1,746
/month
$20,952/year
Taxes in Kentucky
State Income Tax
Kentucky
For a $100k salary, that's ~$4,500/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workFrequently Asked Questions
What is the cost of living in Covington, KY?▼
Covington has a cost of living index of 85, which is 15% below the national average. A 1-bedroom apartment costs around $998/month.
What is the state income tax in Kentucky?▼
Kentucky has a state income tax rate of approximately 4.5%. This is in addition to federal income tax.
How much is rent in Covington?▼
The median rent for a 1-bedroom apartment in Covington is $998/month. For a 2-bedroom, expect to pay around $1,347/month. This is 29% below the national average.
Is Covington a good place to live?▼
Covington is a town with a population of 40,961. The cost of living is below average, making it more affordable than average for the US.
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