Covington, OH vs New Washington, OH

Covington is moderately more affordable than New Washington, with a 6% lower cost of living index. Covington scores 65 compared to 69 for New Washington, where the US average is 100. This difference means residents of New Washington can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Covington is $625/month compared to $910/month in New Washington — a 31% difference. Interestingly, home values tell a different story: while Covington has cheaper rent, New Washington actually has lower median home values ($110,000 vs $162,200).

Median household income in Covington is $51,157 compared to $62,292 in New Washington (-17.9%). While New Washington 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 14.7% of their income on rent, less than the 17.5% in New Washington.