Covington County, Alabama
Income Data
At a Glance
How Covington County Compares
Detailed Income Statistics
Data Story
About Household Income in Covington County, Alabama
Covington earns below national benchmarks
Covington County's median household income of $50,886 falls $23,869 short of the U.S. median of $74,755, placing it in the lower third nationally. The county also underperforms Alabama's state average of $54,196, though the gap is smaller than the national difference.
Covington ranks in Alabama's lower-middle tier
Covington County ranks below the state median among Alabama's 67 counties with household income of $50,886. The county sits in the lower-middle range regionally, facing tougher economic conditions than more than half of its state peers.
Covington trails most surrounding counties
Covington County's $50,886 median household income falls below several neighboring south-central Alabama counties with stronger job markets. Its per capita income of $30,151 remains modest, indicating limited wage advancement and professional opportunities in the area.
Renters face moderate affordability pressures
Covington County's rent-to-income ratio of 17.4% sits below the 30% threshold but signals mounting cost pressure for lower-earning households. The median home value of $142,500 requires careful budgeting, as it approaches two years of median household income.
Strategic financial planning strengthens household stability
Covington residents should prioritize building emergency savings and exploring affordable first-time homebuyer programs to build wealth. Even modest, consistent contributions to a savings plan or low-cost retirement account compound meaningfully over decades.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Covington County median
County median: $50,886 per year
vs. County Median
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vs. State Average
-6%
vs. National Median
-32%
Income Adequacy
Your monthly income ($4,241) vs. median rent ($736/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.