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Covington, Kentucky Retirement Guide
73
Retirement Score
Covington, Kentucky at a Glance
- Median Home Price
- $153,600
- State Income Tax
- State income tax; Social Security exempt; pension/retirement income partially exempt up to threshold.
- Avg January Low
- 37.3°F
- Cost of Living Index
- 89.4 (US avg = 100)
- Best For
- N/A
- RetireCityIQ Score
- 73 / 100
Retirement Data
Affordability
Cost of Living Index
89.4 (U.S. avg = 100)High confidence
BEA Regional Price Parities · Updated May 2026
Median Home Price
$153,600High confidence
U.S. Census ACS 5-Year · Updated June 2026
Median Monthly Rent
$877High confidence
U.S. Census ACS 5-Year · Updated June 2026
Taxes
Retirement Tax Score
45 / 100High confidence
Tax Foundation · Updated June 2026
Tax Details
State income tax; Social Security exempt; pension/retirement income partially exempt up to threshold.High confidence
Tax Foundation · Updated June 2026
Retiree Readiness (Sprint 2)
Care Access Score (proxy)
100 / 100High confidence
RetireCityIQ proxy model · Updated June 2026
Aging-in-Place Score (proxy)
59.3 / 100High confidence
RetireCityIQ proxy model · Updated June 2026
Healthcare
Healthcare Access Score
100 / 100High confidence
CMS Hospital General Information + RetireCityIQ nearest-hospital radius model · Updated June 2026
Climate
Avg July High
90.4°FHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Avg January Low
37.3°FHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Annual Precipitation
53.3"High confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Sunny Days / Year
296 daysHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Safety
Safety Score
100 / 100High confidence
FBI Crime Data Explorer · Updated June 2026
Walkability
Walk Score (proxy)
38.4 / 100High confidence
U.S. Census ACS 5-Year (B08301) · Updated June 2026
Transit Score (proxy)
13.7 / 100High confidence
U.S. Census ACS 5-Year (B08301) · Updated June 2026
Demographics
Population
40,923High confidence
U.S. Census ACS 5-Year · Updated June 2026
Median Age
37.8High confidence
U.S. Census ACS 5-Year · Updated June 2026
Age 65+
14.2%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Median Household Income
$53,770High confidence
U.S. Census ACS 5-Year · Updated June 2026
Community Profile
Owner-Occupied Housing
51.4%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Veterans
6.2%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Bachelor's Degree+
30.4%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Poverty Rate
23.3%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Diversity
White
78.3%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Black
9.6%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Hispanic/Latino
8.5%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Asian
1.2%High confidence
U.S. Census ACS 5-Year · Updated June 2026
10-Year Housing Stress Test (Estimate)
Estimate monthly homeowner carrying cost in Covington using median home price and adjustable assumptions. Stress case applies +10% property tax, +20% insurance, +10% maintenance.
Estimated monthly carrying cost
$333
Stress-case monthly carrying cost
$374
Median home price used: $153,600
Median rent reference: $877 / month
Estimate includes property tax, insurance, maintenance reserve, and HOA. It excludes mortgage, utilities, and one-time transaction costs.
Local Professionals
Financial Advisors
LEGACY FINANCIAL ADVISORS, INC.
JOURNEY ADVISORY GROUP, LLC
CONNETIC VENTURES
CONNETIC RIA LLC
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