Covington, KY vs Newport, KY

Covington is moderately more affordable than Newport, with a 7.1% lower cost of living index. Covington scores 76 compared to 81 for Newport, where the US average is 100. This difference means residents of Newport can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Covington is $949/month compared to $994/month in Newport — a 5% difference. Home values follow the same pattern: Covington is more affordable at $167,900 median vs $221,100.

Median household income in Covington is $58,814 compared to $58,422 in Newport (+0.7%). 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, less than the 20.4% in Newport.