Charlestown, IN vs Covington, IN

Covington is moderately more affordable than Charlestown, with a 6.9% lower cost of living index. Charlestown scores 76 compared to 71 for Covington, where the US average is 100. This difference means residents of Charlestown can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Charlestown is $903/month compared to $841/month in Covington — a 7% difference. Home values follow the same pattern: Covington is more affordable at $162,100 median vs $191,200.

Median household income in Charlestown is $77,548 compared to $54,962 in Covington (+41.1%). While Charlestown is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Charlestown spend roughly 14% of their income on rent, less than the 18.4% in Covington.