Covington, KY vs Elizabethtown, KY

Covington, KY and Elizabethtown, KY have a very similar cost of living, with only a 0.6% difference in their overall index. Covington scores 76 while Elizabethtown scores 76 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 $949/month compared to $876/month in Elizabethtown — a 8% difference. Interestingly, home values tell a different story: while Elizabethtown has cheaper rent, Covington actually has lower median home values ($167,900 vs $223,200).

Median household income in Covington is $58,814 compared to $56,250 in Elizabethtown (+4.6%). Covington offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Covington spend roughly 19.4% of their income on rent, more than the 18.7% in Elizabethtown.