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Covington, Tennessee

city · Tipton County

At a glance

8,587
Population
$185,900
Median home value (all homes)
39% below U.S. median
$209,829
Typical market value
Zillow, 2026-07
$933/mo
Median rent
31% below U.S. median
$42,254
Median household income
46% below U.S. median
23 min
Average commute
89.2%
Homes with broadband
42.17%
Locations with fiber available
8.8%
Unemployment

Cost of living (Clay Affordability Index)

CAI 87 — 13% below the national average. how it's computed

Housing21% below
Goods & services4% below
Utilities6% above
Taxes50% below
Insurance17% below
Commute cost17% below
For business: Tennessee is CBII band 3/5 · time to build band 1/5. See state page for the breakdown.

Living here

Colleges in town:
Nearest 4-year college34 mi
Nearest community college28 mi
Nearest technical college2 mi
High school graduates88%
College graduates13.7%

Doing business here

Economic development contacts, most local first:

state America Electric Power Economic Development
AEP’s Economic Development pages describe site selection services and energy solutions to power business growth across its 11-state service area. The pages also provide contact information for investor relations and media relations.
state Four Lake Authority
The Tennessee Central Economic Authority is a regional economic development organization serving five counties in Middle Tennessee. Its mission is to recruit, retain, and expand advanced manufacturing job opportunities in the Macon, Smith, Sumner, Trousdale/Hartsville Metro, and Wilson counties region.
state Southeast Industrial Development Association
The Southeast Industrial Development Association is a regional economic development association providing site location services and financing to support site selection, expansions, and related opportunities across its SEIDA service area.
state Tennessee Dept. of Eco. & Community Dev.
The Tennessee Department of Economic and Community Development (TNECD) is the state agency that helps businesses large and small succeed in Tennessee. It recruits new businesses to the state, supports the growth of existing businesses and markets the state as a premier business destination.
state Tennessee Valley Authority Economic Development
TVA Economic Development offers programs and services designed to spark job creation, encourage investment, and boost wages across the seven-state Tennessee Valley region. We serve as a trusted partner, connector, and coach to communities and businesses seeking site selection and investment opportunities.
State sales taxYes
State income taxNone
Right-to-work stateYes

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