The median household income in Covington, IN in 2022 was $55,811, which was 19.7% less than the median annual income of $66,785 across the entire state of Indiana. Compared to the median income of $40,432 in 2000 this represents an increase of 27.6%. The per capita income in 2022 was $30,849, which means an increase of 32.7% compared to 2000 when it was $20,776.
Whole page based on the data from 2000 / 2022 when the population of Covington, Indiana was 2,565 / 3,061
Income statistics for all residents
Median household income in Covington, IN in 2022:
Covington:
$55,812
State:
$66,785
Change in median household income between 2000 and 2022:
Covington, Indiana:
+38.0%
State:
+60.7%
Number of households with income < $10k:
Covington:
2.9% (38)
State:
5.6% (151,905)
Number of households with income $10k - 20k:
Covington:
9.5% (124)
Indiana:
7.1% (193,665)
Number of households with income $20k - 30k:
Covington:
9.0% (117)
Indiana:
7.8% (213,166)
Number of households with income $30k - 40k:
Covington:
15.7% (204)
Indiana:
8.5% (231,051)
Number of households with income $40k - 50k:
Covington:
9.3% (121)
State:
8.4% (227,994)
Number of households with income $50k - 60k:
Covington:
4.5% (58)
Indiana:
7.7% (210,699)
Number of households with income $60k - 75k:
Covington:
12.4% (161)
State:
10.3% (279,665)
Number of households with income $75k - 100k:
Covington:
22.0% (286)
Indiana:
14.1% (383,225)
Number of households with income $100k - 125k:
Covington:
7.6% (99)
State:
10.3% (279,559)
Number of households with income $125k - 150k:
Covington:
1.6% (21)
State:
6.3% (172,553)
Number of households with income $150k - 200k:
Covington:
3.5% (45)
State:
7.3% (198,086)
Number of households with income > $200k:
Covington:
2.2% (28)
Indiana:
6.8% (184,921)
Aggregate household income in Covington in 2022: $92,190,267
Median family income in Covington in 2022:
Covington:
$67,861
State:
$84,508
Number of families with income < $10k:
Covington:
0.9% (7)
State:
3.5% (60,982)
Number of families with income $10k - 20k:
Covington:
4.2% (33)
State:
3.8% (66,551)
Number of families with income $20k - 30k:
Covington:
10.9% (85)
State:
4.7% (82,197)
Number of families with income $30k - 40k:
Covington:
11.2% (88)
State:
6.2% (108,519)
Number of families with income $40k - 50k:
Covington:
4.1% (32)
State:
7.3% (126,404)
Number of families with income $50k - 60k:
Covington:
6.8% (54)
Indiana:
7.4% (128,779)
Number of families with income $60k - 75k:
Covington:
16.8% (132)
State:
10.7% (185,712)
Number of families with income $75k - 100k:
Covington:
24.5% (192)
State:
16.1% (280,434)
Number of families with income $100k - 125k:
Covington:
12.3% (97)
Indiana:
12.7% (221,659)
Number of families with income $125k - 150k:
Covington:
2.7% (21)
Indiana:
8.2% (142,241)
Number of families with income $150k - 200k:
Covington:
2.9% (23)
Indiana:
9.9% (171,875)
Number of families with income > $200k:
Covington:
2.8% (22)
Indiana:
9.5% (164,753)
Median non-family income in Covington in 2022:
Covington:
$39,131
State:
$39,768
Change in median non-family income between 2000 and 2022:
Covington, Indiana:
+77.6%
State:
+67.9%
Median per capita income in Covington in 2022:
Covington:
$30,849
State:
$35,984
Change in median per capita income between 2000 and 2022:
Covington, Indiana:
+48.5%
Indiana:
+76.4%
Income statistics for White residents
Median household income in Covington, IN in 2022:
Covington:
$60,617
State:
$70,619
Change in median household income between 2000 and 2022:
Covington, Indiana:
+49.1%
State:
+65.2%
Number of households with income < $10k:
Covington:
2.6% (31)
State:
4.5% (100,447)
Number of households with income $10k - 20k:
Covington:
9.1% (109)
Indiana:
6.5% (144,216)
Number of households with income $20k - 30k:
Covington:
7.1% (85)
State:
7.5% (166,045)
Number of households with income $30k - 40k:
Covington:
15.7% (188)
Indiana:
8.1% (179,206)
Number of households with income $40k - 50k:
Covington:
9.8% (118)
State:
8.1% (178,985)
Number of households with income $50k - 60k:
Covington:
4.8% (57)
State:
7.8% (171,865)
Number of households with income $60k - 75k:
Covington:
12.6% (151)
State:
10.5% (231,572)
Number of households with income $75k - 100k:
Covington:
22.9% (275)
State:
14.6% (323,007)
Number of households with income $100k - 125k:
Covington:
7.9% (95)
State:
10.6% (235,112)
Number of households with income $125k - 150k:
Covington:
1.8% (21)
State:
6.7% (148,936)
Number of households with income $150k - 200k:
Covington:
3.5% (42)
State:
7.7% (170,750)
Number of households with income > $200k:
Covington:
2.3% (28)
Indiana:
7.3% (160,805)
Aggregate household income in Covington in 2022: $87,449,637
Median family income in Covington in 2022:
Covington:
$73,807
State:
$88,109
Number of families with income < $10k:
Covington:
0.9% (6)
Indiana:
2.5% (35,020)
Number of families with income $10k - 20k:
Covington:
2.7% (19)
State:
3.3% (47,383)
Number of families with income $20k - 30k:
Covington:
7.6% (53)
Indiana:
4.2% (60,156)
Number of families with income $30k - 40k:
Covington:
10.8% (76)
State:
5.8% (82,106)
Number of families with income $40k - 50k:
Covington:
4.5% (32)
State:
6.9% (98,385)
Number of families with income $50k - 60k:
Covington:
7.4% (52)
State:
7.3% (104,303)
Number of families with income $60k - 75k:
Covington:
17.1% (120)
State:
10.7% (152,202)
Number of families with income $75k - 100k:
Covington:
26.7% (187)
State:
16.8% (237,844)
Number of families with income $100k - 125k:
Covington:
13.2% (93)
State:
13.2% (187,178)
Number of families with income $125k - 150k:
Covington:
2.9% (20)
Indiana:
8.6% (122,703)
Number of families with income $150k - 200k:
Covington:
3.0% (21)
State:
10.5% (148,889)
Number of families with income > $200k:
Covington:
3.1% (22)
State:
10.1% (143,001)
Median non-family income in Covington in 2022:
Covington:
$39,106
State:
$41,009
Change in median non-family income between 2000 and 2022:
Covington, Indiana:
+86.8%
Indiana:
+69.4%
Median per capita income in Covington in 2022:
Covington:
$32,493
State:
$38,746
Change in median per capita income between 2000 and 2022:
Covington, Indiana:
+56.4%
State:
+82.8%
Income statistics for Black or African American residents
Median per capita income in Covington in 2022:
Covington:
$13,315
State:
$25,414
Change in median per capita income between 2000 and 2022:: -66.7%
Covington, Indiana:
-66.7%
State:
+68.9%
Income statistics for Asian residents
Aggregate household income in Covington in 2022: $1,396,337
Median per capita income in Covington in 2022:
Covington:
$6,673
State:
$41,211
Change in median per capita income between 2000 and 2022:: -75.1%
Covington, Indiana:
-75.1%
State:
+83.8%
Income statistics for Hispanic or Latino residents
Median household income in Covington, IN in 2022:
Covington:
$26,263
Indiana:
$59,737
Number of households with income < $10k:
Covington:
0.0% (0)
Indiana:
5.8% (8,513)
Number of households with income $10k - 20k:
Covington:
30.5% (18)
State:
7.6% (11,151)
Number of households with income $20k - 30k:
Covington:
52.5% (31)
State:
8.7% (12,768)
Number of households with income $30k - 40k:
Covington:
0.0% (0)
State:
9.8% (14,507)
Number of households with income $40k - 50k:
Covington:
0.0% (0)
State:
10.4% (15,272)
Number of households with income $50k - 60k:
Covington:
0.0% (0)
State:
8.0% (11,829)
Number of households with income $60k - 75k:
Covington:
16.9% (10)
State:
11.4% (16,875)
Number of households with income $75k - 100k:
Covington:
0.0% (0)
State:
14.5% (21,434)
Number of households with income $100k - 125k:
Covington:
0.0% (0)
Indiana:
9.2% (13,525)
Number of households with income $125k - 150k:
Covington:
0.0% (0)
State:
4.9% (7,171)
Number of households with income $150k - 200k:
Covington:
0.0% (0)
Indiana:
5.2% (7,618)
Number of households with income > $200k:
Covington:
0.0% (0)
State:
4.7% (6,892)
Aggregate household income in Covington in 2022: $1,634,993
Median family income in Covington in 2022:
Covington:
$27,368
State:
$67,946
Number of families with income $10k - 20k:
Covington:
30.0% (16)
State:
6.0% (6,301)
Number of families with income $20k - 30k:
Covington:
52.6% (28)
State:
7.4% (7,835)
Number of families with income $60k - 75k:
Covington:
17.4% (9)
Indiana:
11.8% (12,426)
Median per capita income in Covington in 2022:
Covington:
$16,727
State:
$22,779
Income statistics for Multirace residents
Median household income in Covington, IN in 2022:
Covington:
$26,041
State:
$59,942
Change in median household income between 2000 and 2022:
Covington, Indiana:
+131.5%
Indiana:
+85.6%
Number of households with income < $10k:
Covington:
10.6% (10)
State:
7.0% (9,131)
Number of households with income $10k - 20k:
Covington:
20.2% (19)
State:
7.5% (9,781)
Number of households with income $20k - 30k:
Covington:
43.6% (41)
State:
8.1% (10,666)
Number of households with income $30k - 40k:
Covington:
0.0% (0)
Indiana:
9.9% (12,947)
Number of households with income $40k - 50k:
Covington:
0.0% (0)
State:
9.9% (13,028)
Number of households with income $50k - 60k:
Covington:
0.0% (0)
State:
7.7% (10,076)
Number of households with income $60k - 75k:
Covington:
16.0% (15)
State:
11.2% (14,741)
Number of households with income $75k - 100k:
Covington:
8.5% (8)
Indiana:
14.5% (18,959)
Number of households with income $100k - 125k:
Covington:
0.0% (0)
State:
8.9% (11,697)
Number of households with income $125k - 150k:
Covington:
0.0% (0)
State:
4.9% (6,406)
Number of households with income $150k - 200k:
Covington:
1.1% (1)
State:
5.9% (7,688)
Number of households with income > $200k:
Covington:
0.0% (0)
State:
4.6% (6,026)
Aggregate household income in Covington in 2022: $3,271,855
Median family income in Covington in 2022:
Covington:
$25,709
State:
$70,519
Number of families with income $10k - 20k:
Covington:
31.1% (24)
Indiana:
4.7% (4,071)
Number of families with income $20k - 30k:
Covington:
48.8% (38)
Indiana:
5.8% (5,034)
Number of families with income $60k - 75k:
Covington:
18.4% (14)
Indiana:
11.7% (10,192)
Number of families with income $150k - 200k:
Covington:
1.7% (1)
State:
7.8% (6,758)
Median per capita income in Covington in 2022:
Covington:
$19,093
Indiana:
$23,668
Change in median per capita income between 2000 and 2022:
Covington, Indiana:
+8.4%
State:
+108.5%
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