Covington is a city in Washington state in USA with a population of 21131 residents.. The poverty rate of Covington is 5.4%, which is 61% lower than national average. The typical household in Covington earns $106737 a year, compared to the national median of $67,500. Nearly 17.4% 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 92% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Covington remained 2.8%, which is 40% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Covington, only 28% of adults have a bachelor's degree and 40% have some college but no degree.

Cost of living in Covington is 136, which is 36% higher than national average. Median home value in Covington is $386900 , which is 68% higher than national average. While median income in Covington remained $106737, which is 58% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.