Covington, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Covington, Indiana had a total population of 3,069, the 176th largest city in Indiana, with a median household income of $52,466, which is 27% lower than the state average. The poverty rate is 15.0%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Covington Quick Facts
How Covington Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 3,112 | 3,069 | -1.4% |
| Median household income | $54,962 | $52,466 | -4.5% |
| Median home value | $162,100 | $164,400 | +1.4% |
How Covington Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Covington Rankings in Indiana
Explore Indiana Rankings
Other Cities in Fountain County
Cities Similar to Covington
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Bicknell | 3,017 | $52,188 | $66,300 | 10.2% | 14.2% |
| Country Squire Lakes | 3,057 | $57,201 | $26,600 | 1.8% | 23.9% |
| Grissom AFB | 2,977 | $55,104 | $79,000 | 11.6% | 14.4% |
| Corydon | 3,157 | $56,513 | $144,600 | 14.8% | 8.8% |
| Fort Branch | 3,021 | $58,707 | $195,900 | 24.2% | 17.2% |
Population Overview
Covington is a small community located in Indiana, within Fountain County. The total population is 3,069. It ranks as the 176th most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Covington is 44.3 years. This is 16% higher than the state median of 38.1 years. 11.8% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Covington is $52,466. This is 27% lower than the state median of $71,957. It is also 35% lower than the national median of $80,734. The poverty rate stands at 15.0%. This is 22% higher than the state poverty rate of 12.3%. The unemployment rate is 4.3%. The median home value is $164,400. Housing costs are 25% lower than the state median of $218,200. The home-value-to-income ratio is 3.1x. 62.0% of occupied housing units are owner-occupied. This homeownership rate is 12% lower than the state average of 70.5%.
Race & Ethnicity
Covington has a predominantly White (non-Hispanic) population, comprising 90.5% of all residents. Hispanic or Latino residents account for 6.1%. The Black or African American population (1.1%) is well below the state average of 9.1%. The Asian population (1.0%) is well below the state average of 2.6%.
Education
18.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 38% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.3%.
Data Sources & Methodology
All demographic data for Covington, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Covington, Indiana?
Covington, Indiana has a population of 3,069 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Covington, IN?
The median household income in Covington is $52,466, which is 35% lower than the national median of $80,734.
What is the poverty rate in Covington, IN?
The poverty rate in Covington is 15.0%. This means approximately 447 residents live below the federal poverty line.
What is the racial makeup of Covington, Indiana?
Covington's population is 90.5% White, 1.1% Black, 6.1% Hispanic/Latino, and 1.0% Asian.
What is the median home value in Covington, IN?
The median home value in Covington is $164,400. The home-value-to-income ratio is 3.1x.
How educated is Covington, Indiana?
18.2% of adults (25+) in Covington hold a bachelor's degree or higher, and 7.3% hold a graduate or professional degree.