Covington, KY vs Owensboro, KY

Covington, KY and Owensboro, KY have a very similar cost of living, with only a 4.9% difference in their overall index. Covington scores 76 while Owensboro scores 72 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 $900/month in Owensboro — a 5% difference. Home values follow the same pattern: Owensboro is more affordable at $162,900 median vs $167,900.

Median household income in Covington is $58,814 compared to $53,295 in Owensboro (+10.4%). 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 19.4% of their income on rent, less than the 20.3% in Owensboro.