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Covington, Kentucky Demographics & Population 2026

5th Largest5th most populous city in Kentucky

During the 2020–2024 ACS period, Covington, Kentucky had a total population of 41,110, the 5th largest city in Kentucky, with a median household income of $61,166, which is 4% lower than the state average. The poverty rate is 20.8%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Covington Quick Facts

Population 41,110
Median Household Income $61,166
Median Home Value $187,300
Poverty Rate 20.8%
Unemployment Rate 5.7%
Median Age 37.6 years
Homeownership Rate 51.8%
Affordability Ratio 3.1x
Bachelor's Degree or Higher 32.3%
High School Graduation Rate 88.2%
Diversity Index 42/100
Population 41,110 5th of 552
Median Income $61,166 average
Poverty Rate 20.8% 67% higher than national
Median Home Value $187,300 above average

How Covington Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population40,90241,110+0.5%
Median household income$58,814$61,166+4.0%
Median home value$167,900$187,300+11.6%

How Covington Compares

Economy & Housing

Household Income Distribution

Under $25K 22.5%
$25K-$50K 19.8%
$50K-$100K 30.4%
$100K+ 27.3%
Detailed income brackets
Under $10K
7.2%
$10K-$15K
6.6%
$15K-$20K
4.1%
$20K-$25K
4.7%
$25K-$30K
3.8%
$30K-$35K
4.5%
$35K-$40K
3.3%
$40K-$45K
3.7%
$45K-$50K
4.6%
$50K-$60K
6.8%
$60K-$75K
9.9%
$75K-$100K
13.8%
$100K-$125K
9.7%
$125K-$150K
7.0%
$150K-$200K
3.9%
$200K+
6.6%

Employment

5.7% Unemployment Rate State: 4.9%|National: 5.2%
67.3% Labor Force Participation

Housing Overview

Owner 51.8%
Renter 48.2%
Affordability Index Affordable
3.1x home value to income ratio
Median gross rent $1,006/mo 19.7% of median household income annually

People & Demographics

Diversity Index

42out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 33 | National average: 61

Education

Covington Rankings in Kentucky

#5 Population of 552
#211 Median Income of 496
#145 Education of 550
#183 Home Value of 495

Other Cities in Kenton County

CityPopulationMedian IncomePovertyHome Value
Independence 29,392 $102,361 8.8% $263,700
Erlanger 19,875 $75,840 13.7% $209,000
Elsmere 9,205 $60,503 15.6% $171,900
Fort Mitchell 8,713 $86,310 8.1% $357,100
Edgewood 8,447 $119,028 3.8% $312,200
Villa Hills 7,480 $107,859 3.7% $362,500
Taylor Mill 6,937 $88,546 10.9% $241,000
Fort Wright 5,887 $105,024 3.0% $328,900
Walton 5,730 $77,917 13.0% $262,200
Crescent Springs 4,486 $83,066 5.4% $302,100

Cities Similar to Covington

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Georgetown39,117$80,088$265,40034.1%12.1%
Richmond37,111$50,870$214,90034.9%19.5%
Elizabethtown32,576$60,760$245,90028.2%17.0%
Florence32,803$71,003$210,70026.4%9.5%
Nicholasville32,197$68,503$226,80026.9%13.1%

Population Overview

Covington is a mid-sized community located in Kentucky, within Kenton County. The total population is 41,110. It ranks as the 5th most populous out of 552 Census-designated places in Kentucky.

Age Demographics

The median age in Covington is 37.6 years. This is 4% lower than the state median of 39.1 years.

Economy, Income & Housing

The median household income in Covington is $61,166. This is 4% lower than the state median of $63,726. It is also 24% lower than the national median of $80,734. The poverty rate stands at 20.8%. This is 30% higher than the state poverty rate of 16.1%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 5.7%. This is 16% higher than the state rate of 4.9%. The median home value is $187,300. Housing costs are 9% lower than the state median of $205,600. The home-value-to-income ratio is 3.1x. 51.8% of occupied housing units are owner-occupied. This homeownership rate is 24% lower than the state average of 68.3%.

Race & Ethnicity

The largest racial or ethnic group in Covington is White (non-Hispanic), making up 75.2% of the population. Hispanic or Latino residents account for 8.7%. The Hispanic or Latino population is significantly higher than the state average (8.7% vs 5.0%).

Education

32.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 17% higher than the state rate of 27.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.2%.

Data Sources & Methodology

All demographic data for Covington, Kentucky 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 Kentucky state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 552 Census-designated places in Kentucky. 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, Kentucky?

Covington, Kentucky has a population of 41,110 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Covington, KY?

The median household income in Covington is $61,166, which is 24% lower than the national median of $80,734.

What is the poverty rate in Covington, KY?

The poverty rate in Covington is 20.8%. This means approximately 8,433 residents live below the federal poverty line.

What is the racial makeup of Covington, Kentucky?

Covington's population is 75.2% White, 8.4% Black, 8.7% Hispanic/Latino, and 1.0% Asian.

What is the median home value in Covington, KY?

The median home value in Covington is $187,300. The home-value-to-income ratio is 3.1x.

How educated is Covington, Kentucky?

32.3% of adults (25+) in Covington hold a bachelor's degree or higher, and 10.7% hold a graduate or professional degree.