Bean Station, TN vs Covington, TN

Bean Station is moderately more affordable than Covington, with a 8.6% lower cost of living index. Bean Station scores 67 compared to 73 for Covington, where the US average is 100. This difference means residents of Covington can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Bean Station is $720/month compared to $910/month in Covington — a 21% difference. Home values follow the same pattern: Bean Station is more affordable at $156,400 median vs $163,900.

Median household income in Bean Station is $50,114 compared to $43,512 in Covington (+15.2%). Bean Station offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Bean Station spend roughly 17.2% of their income on rent, less than the 25.1% in Covington.