Cost of Living in Covington, VA
Housing
The housing market plays a significant role in determining the cost of living in Covington, VA.
- Housing Index: 90.0 / 100
- Median Home Price is: $178,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
Considering the data for Covington, VA, the housing index stands at 90.0, indicating a reasonable affordability level relative to the national average. The median home price of 178000 is quite accessible, making homeownership a feasible option for many. Meanwhile, average rents for a 2-bedroom apartment and house are set at 1200 and 1360, respectively, providing flexibility in rental choices. Ultimately, the balance between renting and buying, alongside local economic factors and job opportunities, will play a crucial role in your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Covington, VA.
- Electricity Price: $15.31 USD (median by state)
- Natural Gas Price: $19.91 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Covington, VA could entail higher utility costs. Electricity costs sit at $15.31, while natural gas is priced at $19.91 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Covington is a financially viable option for your relocation.