Covington is a city in Tennessee state in USA with a population of 8863 residents.. The poverty rate of Covington is 23.6%, which is 69% higher than national average. The typical household in Covington earns $34208 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 7 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 59.6% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Covington, only 83% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Covington remained 5.2%, which is 11% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Covington, only 17% of adults have a bachelor's degree and 28% have some college but no degree.

Cost of living in Covington is 79, which is 21% lower than national average. Median home value in Covington is $113800 , which is 50% lower than national average. While median income in Covington remained $34208, which is 49% lower than national average.