Cost of Living: Georgetown, KY vs Covington, KY
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,254/mo in Georgetown, KY versus $4,254/mo in Covington, KY. In the model, rent is about 17.47% of gross in Georgetown, KY versus 13.83% in Covington, KY, so Covington, KY tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Georgetown, KY and Covington, KY.
At a glance
- Cheaper overall (lower cost-of-living index): Covington, KY
- Lower rent (median 1BR/2BR): Covington, KY
- Lower home prices: Covington, KY
- Higher median household income: Georgetown, KY
Cost of Living Index
Georgetown, KY: 100 (U.S. = 100) · Covington, KY: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Georgetown, KY: $1,139/mo (midpoint of 1BR/2BR) · Covington, KY: $902/mo
Median rent in Georgetown, KY is $237/mo higher than in Covington, KY.
Median Home Price
Georgetown, KY: $244,200 · Covington, KY: $167,900
Median home price in Georgetown, KY is $76,300 higher than in Covington, KY.
Median Household Income
Georgetown, KY: $78,373 · Covington, KY: $58,814
Georgetown, KY has a higher median household income than Covington, KY by $19,559.
Georgetown, KY overview · Covington, KY overview · Popular comparisons