Covington, KY vs Erlanger, KY

Covington, KY and Erlanger, KY have a very similar cost of living, with only a 3.5% difference in their overall index. Covington scores 76 while Erlanger scores 78 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 $981/month in Erlanger — a 3% difference. Home values follow the same pattern: Covington is more affordable at $167,900 median vs $189,400.

Median household income in Covington is $58,814 compared to $78,420 in Erlanger (-25%). While Erlanger 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 19.4% of their income on rent, more than the 15% in Erlanger.