Covington, IN Profile: Facts & Data

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Covington, Indiana - Basic Facts

The City of Covington had a population of 2,507 as of July 1, 2019. Covington ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Covington is located at latitude 40.1417 and longitude -87.3947 in Fountain County. The formal boundaries for the City of Covington encompass a land area of 1.18 sq. miles and a water area of 0 sq. miles. Fountain County is in the Eastern time zone (GMT -5). The elevation is 564 feet.

The City of Covington (GNIS ID: 2393656) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Covington is located within Township of Troy, a minor civil division (MCD) of Fountain County.


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  1. Covington 2019 Demographic Data
  2. Growth Rates for Covington (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Indiana Research Tools (Easy Tools & Current Data)
  3. Indiana Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Covington, IN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Covington, IN Housing Affordability Index is 269
State of Indiana Housing Affordability Index is 180
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Covington, IN Wealth Index is 68
State of Indiana Wealth Index is 81
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Indiana COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 2,507 (100%)
Population in Households 2,427 (96.8%)
Population in Families 1,942 (77.5%)
Population in Group Quarters1 80 ( 3.2%)
Population Density 2,132
Diversity Index2 8
 

INCOME

Median Household Income $53,754
Average Household Income $69,551
Per Capita Income $29,379
Wealth Index4 68

HOUSING

Total Housing Units 1,165 (100%)
Owner Occupied HU 693 (59.5%)
Renter Occupied HU 373 (32.0%)
Vacant Housing Units 99 ( 8.5%)
Median Home Value $102,289
Housing Affordability Index3 269
 

HOUSEHOLDS

Total Households 1,066
Average Household Size 2.28
Family Households 682
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -0.58% -0.64%
Households -0.53% -0.63%
Families -0.46% -0.71%
Median Household Income   2.08%
Per Capita Income   2.47%

Covington, IN - Peer Comparisons by Rank and Percentile

The table below compares Covington to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 188 72nd
Population Density # 96 86th
Diversity Index # 473 30th
Median Household Income # 335 51st
Per Capita Income # 191 72nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.

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