Everything You Need to Know About the City of Covington Kentucky
In 2017, Covington, Kentucky had a population of 40.6k people with a median age of 35.8 and a median household income of $38,346. Between 2016 and 2017 the population of Covington, KY declined from 40,766 to 40,578, a -0.461% decrease, and its median household income grew from $37,391 to $38,346, a 2.55% increase.
The number of inhabitants in Covington, KY is 79.1% White Alone, 11.3% Black or African American Alone, and 5.05% Hispanic or Latino. N/A% of the people in Covington, KY communicate in a non-English language, and 97.7% are U.S. residents.
The median property value in Covington, KY is $100,800, and the homeownership rate is 49.2%. Most people in Covington, KY commute by Drove Alone, and the average commute time is 21.5 minutes. The average vehicle proprietorship in Covington, KY is 2 vehicles for each household.
88.7% of the number of inhabitants in Covington, KY has wellbeing coverage, with 39.5% on worker plans, 27.7% on Medicaid, 9.53% on Medicare, 10.2% on non-bunch plans, and 1.75% on military or VA plans.
Per capita close to home human services spending in the spot of Covington, KY was $8,004 in 2014. This is a 6.11% increase from the earlier year ($7,543).
Essential consideration doctors in Covington, KY see 1231 patients for each year on average, which speaks to a 1.6% decline from the earlier year (1251 patients). Contrast this with dental specialists who see 1964 patients for each year, and emotional wellness suppliers who see 682 patients for every year.
Contrasting over all regions in the state, Harlan County has the most noteworthy predominance of diabetes (18%). Furthermore, Leslie County has the most elevated predominance of grown-up weight (43.3%)
The economy of Covington, KY utilizes 18.7k people and Covington has a joblessness rate of 3.9%. Covington has seen the job market increase by 1.9% in the course of the most recent year. Future job development throughout the following ten years is anticipated to be 36.9%, which is higher than the US average of 33.5%. The biggest enterprises in Covington, KY are Health Care and Social Assistance (2,475 people), Manufacturing (2,094 people), and Accommodation and Food Services (2,044 people), and the highest paying industries are Utilities ($75,250), Finance & Insurance ($46,034), and Professional, Scientific, & Technical Services ($45,340).
Households in Covington, KY have a median yearly income of $38,346, which is not exactly the median yearly income of $61,937 over the whole United States. This is in contrast with a median income of $37,391 in 2016, which speaks to a 2.55% yearly development.
Tax Rates for Covington
– The Sales Tax Rate for Covington is 6.0%. The US average is 7.3%.
– The Income Tax Rate for Covington is 8.7%. The US average is 4.6%.
– Tax Rates can have a major effect when Comparing the Cost of Living.
Income and Salaries for Covington
– The average income of a Covington inhabitant is $20,548 per year.
– The Median household income of a Covington inhabitant is $35,460 per year.