Covington city
How many people live in Covington city
- Population5,680
- Households2,576
- Average household size2.20
- Median household income$41,944
- Median age38.0
- Median gross rent$794 per month
- Median owner-occupied home value$83,500
- Home value to household income2.0 times
- Annual rent as a share of median income22.7 percent
- Adults 25 and over with a bachelor degree or higher9.5 percent
- Adults 25 and over with a graduate degree4.2 percent
- Adults 25 and over3,839
- Population under 181,309
- Share under 1823.0 percent
- Population 65 and over1,125
- Share 65 and over19.8 percent
- Working age population, 18 to 643,246
- Civilian labor force2,072
- Unemployment rate2.8 percent
- Labor force participation, adults 18 and over47.4 percent
- Rank by population among Virginia independent cities128th of 133
- Rank by population among US county-equivalents2839th
Covington city is the 128th largest of 133 Virginia independent cities by population. A median home costs 2.0 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 23.0 percent against 19.8 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Covington city
Is Covington city growing
- Population change since the 2020 census base-1.44 percent
- Census 2020 base population5,746
- Births, 202488
- Deaths, 2024135
- Natural change, 2024-47
- Net domestic migration, 202492
- Net international migration, 20247
- Total net migration, 202499
- Cumulative net domestic migration, 2021 to 202412
- Rank by growth among US county-equivalents2343rd
The county has lost 1.44 percent of its population since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Covington city
Where people moving to Covington city come from
- Tax returns filed by households arriving193
- People arriving, from those returns353
- Adjusted gross income arriving$7.3 m
- Net adjusted gross income movement$0
- Average income of an arriving household$37,824
- Largest single originCovington city Non-migrants (2,161 households)
- Largest single destination (2,161 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Covington city Non-migrants | 2,161 | 4,063 | $106.7 m |
| Alleghany County | 107 | 203 | $4.0 m |
| Other flows - Same State | 54 | 96 | $1.8 m |
| Other flows - Different State | 32 | 54 | $1.5 m |
| Other flows - South | 32 | 54 | $1.5 m |
The largest single source of arrivals is Covington city Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Covington city
Who employs people in Covington city
- Covered employment, annual average3,728
- Establishments reporting293
- Average annual pay$57,912
- Average weekly wage$1,114
- Sector 44-45, employment549
- Sector 44-45, average annual pay$29,426
- Sector 81, employment115
- Sector 81, average annual pay$24,411
- Sector 52, employment89
- Sector 52, average annual pay$66,873
- Sector 56, employment67
- Sector 56, average annual pay$50,378
- Sector 54, employment43
- Sector 51, employment34
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 549 | 40 | $29,426 |
| Sector 81 | 115 | 22 | $24,411 |
| Sector 52 | 89 | 14 | $66,873 |
| Sector 56 | 67 | 7 | $50,378 |
| Sector 54 | 43 | 16 | $49,703 |
| Sector 51 | 34 | 7 | $40,460 |
| Sector 53 | 26 | 8 | $49,004 |
| Sector 99 | 8 | 2 | $24,581 |
The largest sector is the biggest private employer group at 549 jobs, 14.7 percent of covered employment. Average pay per job exceeds median household income, which usually means single earner households and a wage base that can carry rent.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Covington city
What businesses operate in Covington city
- Establishments, all industries197
- Employment at those establishments3,344
- Annual payroll$217.5 m
- Establishments per 1,000 residents34.7
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Covington city
What is being built in Covington city
- Housing units authorised by permit, 20241
- Declared construction value permitted$90,000
- Single family units authorised1
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$90,000
- Units authorised per 1,000 households0.4
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Covington city
How big is Covington city
- Land area5 sq mi
- Rank by land area among Virginia independent cities130th of 133
- Width, east to west2.3 mi
- Height, north to south4.5 mi
- Geographies sharing a boundary1
- Residents per square mile of land1,136
- Establishments per square mile39.40
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No 7(a) approvals recorded in this county in the FOIA release covering FY2020 onward.
- No 504 approvals recorded in this county in the FOIA release covering FY2010 onward.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Covington city site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Covington city site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population5,680
- Households2,576
- Average household size2.20
- Median household income$41,944
- Median age38.0
Common questions
Covington city questions, answered from the record.
How many people live in Covington city, Virginia?
5,680, in 2,576 households, ranking 128th of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Covington city growing?
The population has fallen 1.44 percent since the 2020 census base. In 2024 there were 88 births against 135 deaths, with net migration of 99. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Covington city?
$41,944. The median owner-occupied home is valued at $83,500, which is 2.0 times income, and median gross rent is $794 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Covington city?
197 establishments, employing 3,344 people with an annual payroll of $217.5 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Covington city?
Average annual pay is $57,912, or $1,114 a week, across 3,728 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
What is being built in Covington city?
1 housing units were authorised by permit in 2024, with a declared construction value of $90,000. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Covington city?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Covington city come from?
The largest single origin is Covington city Non-migrants, with 2,161 households. Arriving households report an average income of $37,824 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Covington city on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Covington city?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.