Covington, OK vs Shady Point, OK

Shady Point is moderately more affordable than Covington, with a 11.6% lower cost of living index. Covington scores 65 compared to 59 for Shady Point, where the US average is 100. This difference means residents of Covington can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Covington is $929/month compared to $638/month in Shady Point — a 46% difference. Interestingly, home values tell a different story: while Shady Point has cheaper rent, Covington actually has lower median home values ($85,500 vs $97,500).

Median household income in Covington is $74,500 compared to $47,212 in Shady Point (+57.8%). 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 15% of their income on rent, less than the 16.2% in Shady Point.