Covington, LA at a glance
Median household income
$75,851$6,321 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Covington, LA?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Covington, LA? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Slidell-Mandeville-Covington, LA MSA, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $990 | $11,880 | $39,600 | 15.7% |
| 1-Bedroom Apartment | $1,130 | $13,560 | $45,200 | 17.9% |
| 2-Bedroom ApartmentBenchmark | $1,331 | $15,972 | $53,240 | 21.1% |
| 3-Bedroom Home | $1,724 | $20,688 | $68,960 | 27.3% |
| 4-Bedroom Home | $1,996 | $23,952 | $79,840 | 31.6% |
What a typical income covers in Covington, LA
The 50/30/20 rule applied to the local median of $75,851 a year ($6,321 a month before tax).
What $75,851 leaves after Louisiana taxes
Federal income tax, Social Security, Medicare and Louisiana tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Louisiana
Living in Covington, LA: common questions
What is the median household income in Covington, LA?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Covington, LA is $75,851 per year (approximately $6,321 per month).
What is the average rent in Covington, LA?
The closest official figure is HUD's Fair Market Rent for 2026: $990 for a studio, $1,130 for one bedroom, $1,331 for two, $1,724 for three and $1,996 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Covington, LA expensive to live in?
Prices there run 7.3% below the U.S. average. BEA's regional price parity for the metro area is 92.7, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Covington, LA?
To keep a $1,331 two-bedroom under 30% of gross income, a household needs about $53,240 a year, or $4,437 a month. That is 70% of what the typical household in Covington, LA earns.
How much do you need to live comfortably in Covington, LA?
On the local median income of $75,851 ($6,321 a month before tax), the 50/30/20 rule leaves $3,160 a month for needs like rent, utilities and groceries, $1,896 for everything else and $1,264 for savings or debt. A two-bedroom at $1,331 takes 42% of the needs share.
How much is the electric bill in Covington, LA?
Homes in Louisiana paid 13.5¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $121. Your bill depends mostly on heating and cooling.