Covington, IN vs North Vernon, IN

Covington, IN and North Vernon, IN have a very similar cost of living, with only a 2.8% difference in their overall index. Covington scores 71 while North Vernon scores 69 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Covington is $841/month compared to $904/month in North Vernon — a 7% difference. Interestingly, home values tell a different story: while Covington has cheaper rent, North Vernon actually has lower median home values ($107,900 vs $162,100).

Median household income in Covington is $54,962 compared to $48,235 in North Vernon (+13.9%). While Covington 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, less than the 22.5% in North Vernon.