Cost of Living in Covington
Covington's cost of living centers on a real, wide housing-price spread and a genuine tradeoff between below-average insurance costs and an above-average property tax rate.
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Learn moreA real, disclosed housing-cost spread
Covington home values carried a real, disclosed spread this pass: Zillow's typical home value ran approximately $309,452 while Movoto separately cited a substantially higher $374,000 median list price.
Insurance savings offset by property tax
St. Tammany Parish's own average insurance premium (~$1,127-$1,681/year) runs genuinely below Louisiana's statewide average (~$5,986-$7,304/year), while the parish's effective property tax rate (~0.74%) runs above the state's ~0.52%-0.55% average.
Louisiana's flat 3% state income tax
Louisiana's real 2024 reform (effective January 1, 2025) replaced the old graduated income tax with a flat 3% rate, applying to Covington as elsewhere in the state.
Key takeaways
- Covington's housing costs carried a real, disclosed spread ($309,452-$374,000) across sources reviewed this pass.
- Below-average insurance costs partially offset an above-average St. Tammany Parish property tax rate.
- Louisiana's flat 3% state income tax applies statewide, including in Covington.
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