Covington, Michigan is a rural community located close to many big cities. It is a popular choice for those looking for a peaceful living environment but with access to urban amenities. The 2 bedroom rent in Covington is $830, which is significantly less than the national average of $1,430. There are several prominent companies in Covington such as the Pike Manufacturing Company, Covington Cheese Company, E & B Woodworking Company, and B&B Stores Inc. This allows residents to enjoy the charm of small-town life while having access to employment opportunities. Furthermore, the grocery cost index in Covington is 90 compared to 100 in the US which makes it an affordable place to live with lower costs of living compared to other cities across the country.
Covington (zip 49919) has an unemployment rate of 8.0%. The US average is 6.0%.
Covington (zip 49919) has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 15.5%, which is lower than the US average of 33.5%.
Tax Rates for Covington (zip 49919)
- The Sales Tax Rate for Covington (zip 49919) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Covington (zip 49919) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Covington (zip 49919)
- The average income of a Covington (zip 49919) resident is $24,672 a year. The US average is $37,638 a year.
- The Median household income of a Covington (zip 49919) resident is $40,208 a year. The US average is $69,021 a year.