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The total population of Covington is estimated to be 3,039 with 1,512 males (49.75%) and 1,527 females (50.25%). There are 15 more females than males in Covington.
The median household income in Covington was $55,442 in 2021, which marked an a decrease of 4,965(8.22%) from $60,407 in 2020. This income is 74.31% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Covington sees its highest median household income among householders in the age group of 45 to 64 years old, at $75,948. Overall, the median household income for the city of Covington stands at $55,442.
In Covington, the median income for all workers aged 15 years and older, regardless of work hours, was $43,218 for males and $22,315 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,652 for males and $45,726 for females.
In Covington, population is primarily represented by White households, reporting a median income of $55,802.
In 2022, the population of Covington was 2,686, a 0.60% increase year-by-year from 2021. Previously, in 2021, Covington's population was 2,670, a decline of 0.45% compared to a population of 2,682 in 2020.
The median age in Covington, IN is 45.2, as per 2021 ACS 5-Year Estimates. Of the total population, 16.79% were under the age of 15, 16.15% aged 15 to 29, 43.98% aged 30 to 64, 19.76% aged 65 to 84, and 3.32% were 85 years of age and older.
Racial distribution of Covington population: 93.43% are White, 1.36% are Black or African American, 1.93% are Asian, 0.36% are some other race and 2.93% are multiracial.