Cost of Living in Covelo, CA

With a cost of living index of 98, Covelo, CA is right around the national average in cost. Living here is 2% cheaper than the national average and 45% below the California state average of 144. Covelo is a small community of 1,495 residents.

Housing costs are the biggest factor in Covelo's cost of living. The median monthly rent is $1,110 (16% below the US median of $1,319), and the median home value sits at $322,600 (6% above the national median of $304,900). At current prices, the median home costs roughly 9x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Covelo is $35,735, which is 52% lower than the national median of $75,149. Residents spend roughly 37% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.