Covington, Fountain County, IN demographics:
population, income, and more

Total population
3,069
-1.4% year-over-year change
Median household income
$52,466/yr
-4.5% year-over-year change
Housing units
1,447
0.3% year-over-year change

Covington population

How many people live in Covington

Covington is home to 3,069 residents, according to the most recent Census data. Gender-wise, 45.8% of Covington locals are male, and 54.2% are female.

Total population
3,069
-1.4% year-over-year change
Gender ratio
Male
45.8%
1,405
Female
54.2%
1,664
Value Percent YoY change
Male 1,405 45.8% -9.7%
Female 1,664 54.2% 6.9%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Covington is 44, with the population distributed as follows: about 17.4% are children under 15, then 11.1% are in the 15 to 24 age group. Adults between 25 and 44 make up 23.5% of the population, while another 27.7% fall into the 45 to 64 bracket. Finally, around 20.3% are 65 or older.

Median age
44.3
Age breakdown
Under 15
17.4%
15 to 24
11.1%
25 to 44
23.5%
45 to 64
27.7%
Over 65
20.3%
Value Percent YoY change
Under 15 535 17.4% -14.4%
15 to 24 341 11.1% 2.7%
25 to 44 720 23.5% -2.2%
45 to 64 849 27.7% 11.0%
Over 65 624 20.3% -4.6%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Covington, 97.6% of the population are US-born citizens, while 2.2% have gained naturalized citizenship. At the same time, 0.2% of residents are non-citizens. As for race, 90.5% of locals are Caucasian, 1.1% are African American and 1% have Asian roots. There’s also a share of 7.4% that includes residents with two or more races.

Citizenship
U.S.-born citizens
97.6%
Non-U.S.-born citizens
2.2%
Non-citizens
0.2%
Value Percent YoY change
U.S.-born citizens 2,996 97.6% -1.3%
Non-U.S.-born citizens 68 2.2% 0.0%
Non-citizens 5 0.2% -37.5%
Racial breakdown
White
90.5%
Black or African American
1.1%
American Indian and Alaska Native
0%
Asian
1%
Native Hawaiian and other Pacific Islander
0%
Two or more races
7.4%
Other
0%
Value Percent
White 2,778 90.5%
Black or African American 34 1.1%
Asian 30 1%
Two or more races 227 7.4%

Households in Covington

A peek inside Covington households

Covington has 1,348 households, with an average of 2 members in each. Of these, 61.1% are families, while the remaining 38.9% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
1,348
3.1% year-over-year change
Average people per household
2
Non-family households
524
Family households
824
Value Percent YoY change
Non-family households 524 38.9% 10.3%
Family households 824 61.1% -1.0%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Covington

The housing landscape of Covington

Covington's housing consists of 1,447 units, with 67.7% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 0.1% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 4.6% of the housing landscape.

Housing units
1,447
0.3% year-over-year change
Housing types
Value Percent
1 unit, detached 979 67.7%
1 unit, attached 1 0.1%
2 units 239 16.5%
3 or 4 units 115 8%
5 to 9 units 12 0.8%
10 to 19 units 30 2.1%
20 to 49 units 5 0.4%
Mobile home 66 4.6%
Homes built since 2020
0
% year-over-year change

The age of buildings in Covington

In Covington, the median construction year is 1960. About 27.5% of homes were built before the 1940s, with another 0.9% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 398 27.5% -16.4%
Built between 1940 and 1949 13 0.9% -23.5%
Built between 1950 and 1959 310 21.4% -6.3%
Built between 1960 and 1969 91 6.3% -34.1%
Built between 1970 and 1979 154 10.6% 25.2%
Built between 1980 and 1989 286 19.8% 45.2%
Built between 1990 and 1999 151 10.4% 13.5%
Built between 2000 and 2009 26 1.8% 100.0%
Built between 2010 and 2019 18 1.2% 28.6%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Covington occupancy rates

Out of the 1,348 occupied housing units in Covington, 62% are owner-occupied, while 38% are lived in by tenants. Meanwhile, 6.8% of all homes on the local market sit vacant.

Occupied housing units
1,348
3.1% year-over-year change
Occupancy breakdown
Renter occupied
512
Owner occupied
836
Value Percent YoY
change
Renter occupied 512 38% 12.3%
Owner occupied 836 62% -1.8%
Unoccupied housing units
6.8%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Covington housing costs

Housing costs in Covington come to a median of $853 per month, while tenants specifically pay a median gross rent of $847.

Median housing costs per month
$853/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Covington
$847/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Covington

Covington education at a glance

About 41.3% of the population in Covington went to high school, while 26.7% pursued college studies. Another 14.2% earned an associate degree and 9.9% hold a bachelor’s. Meanwhile, 6.7% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 31 1.3% 63.2%
High school diploma 991 41.3% 0.5%
College diploma 640 26.7% -2.0%
Associate degree 340 14.2% 11.8%
Bachelor's degree 238 9.9% 5.3%
Graduate degree 161 6.7% -3.0%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Covington

How much people earn in Covington

The average annual household income in Covington was $77,093 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +4.5% change from the previous year. At the same time, the median income stood at $52,466, reflecting a -4.5% shift over the same period.

Average household income in Covington
$77,093/year
4.5% year-over-year change
Median household income in Covington
$52,466/year
-4.5% year-over-year change

Covington income by age

In Covington, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $53,389. Those with someone between 45 and 64 in charge, often well established professionally, earn $83,165 overall. Overall, 84.7% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $53,389 0.4%
45 - 64 $83,165 2.7%
Over 65 $35,208 -10.3%
Above poverty level
2,483
Below poverty level
447
Value Percent YoY
change
Above poverty level 2,483 84.7% -2.6%
Below poverty level 447 15.3% 2.8%

Average renter income in Covington

To get a better sense of what renters earn on average in Covington, their median household income was $46,750 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 21.7%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$46,750
Rent-to-income ratio
21.7%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Covington

Workforce and job types in Covington

The job market in Covington is powered by 1,462 working residents, spread across a range of industries and roles. 76.5% of the working population are employed in professional or administrative positions, while 23.5% are in hands-on or service-based jobs. Also, 4.6% run their own businesses, 67.4% are employed by private companies, and 13.9% work in the public sector.

Workforce demographics

Working population
1,462
5.7% year-over-year change
White collar
1,119
Blue collar
343
Value Percent YoY change
White collar 1,119 76.5% 10.2%
Blue collar 343 23.5% -6.8%
Employer type
Self employees
4.6%
Private companies
67.4%
Governmental workers
13.9%
Not for profit companies
14.1%
Value Percent YoY change
Self employees 67 4.6% 3.1%
Private companies 986 67.4% 14.4%
Governmental workers 203 13.9% -9.8%
Not for profit companies 206 14.1% -10.8%
Unemployment rate
4.3%
12.1% year-over-year change

Available workforce

The unemployment rate in Covington stands at 4.3%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Covington

How people get around in Covington

Commuting methods vary: 84.2% of residents travel by personal vehicle and 4.4% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 1,211 84.2% 6.4%
Ferryboat 26 1.8% 18.2%
Walk 63 4.4% -14.9%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Covington by zipcode?

Zipcode Population Number of households Median income Average income
47932 5,035 2,231 $59,811 $88,607

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FAQs about Covington demographics 

What is the total population of Covington?

Covington has a total population of 3,069 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -1.4% compared to a year ago.

What is the gender ratio in Covington?

The gender ratio in Covington is as follows:
  • 45.8% males (1,405 residents)
  • 54.2% females (1,664 residents)

What is the median age in Covington?

The median age in Covington is 44.3.

What is the age distribution of the population in Covington?

The age distribution in Covington is as follows:
  • Under 15: 17.4% (535 residents)
  • Ages 15-24: 11.1% (341 residents)
  • Ages 25-44: 23.5% (720 residents)
  • Ages 45-64: 27.7% (849 residents)
  • Over 65: 20.3% (624 residents)

What is the racial and ethnic makeup of Covington?

The racial and ethnic makeup of Covington is as follows:
  • White: 90.5% (2,778 residents)
  • Black or African American: 1.1% (34 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 1% (30 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 7.4% (227 residents)
  • Other: 0% (0 residents)

What percentage of the population in Covington are U.S.-born citizens?

U.S.-born citizens represent 97.6% of the population in Covington.

How many housing units are there in Covington?

There are 1,447 housing units in Covington, reflecting a +0.3% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Covington and what is the average household size?

Covington has a total of 1,348 households, with an average of 2 people in each.

What is the median household income in Covington?

Covington has a median household income of $52,466, representing a -4.5% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Covington?

The employment rate is 95.7% in Covington, with a workforce of 1,462 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 76.5% (1,119 residents)
  • Blue-collar workers: 23.5% (343 residents)

Places of employment:
  • Self-employed: 4.6% (67 residents)
  • Private companies: 67.4% (986 residents)
  • Governmental workers: 13.9% (203 residents)
  • Not-for-profit companies: 14.1% (206 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025