Covington, IN vs Dayton, IN

Covington is moderately more affordable than Dayton, with a 5.5% lower cost of living index. Covington scores 71 compared to 75 for Dayton, where the US average is 100. This difference means residents of Dayton can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Covington is $841/month compared to $956/month in Dayton — a 12% difference. Home values follow the same pattern: Covington is more affordable at $162,100 median vs $169,500.

Median household income in Covington is $54,962 compared to $74,417 in Dayton (-26.1%). While Dayton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Covington spend roughly 18.4% of their income on rent, more than the 15.4% in Dayton.