Covington has the 2704th largest population in the United States. The population stayed the same from 2010 to 2015, which was slower than the national average. Covington is part of the Memphis metro area. Unemployment in the Memphis area is 4%, which is the same as the national average, and is getting better. Memphis has the 47th largest local economy in the US, and a low cost of living. The average pay for jobs in Covington is below average at $41,880, and the median cost of a home in Covington is $96,100, which is below the national average. 9% of workers in Covington hold a bachelors degree or higher (above average), and 74% of workers have a high school degree (above average). Driving to work is especially common in Covington. 85% of Covington workers drive to work alone, 0% take public transit, 10% carpool, and 3% walk. People in Covington spend an average of 21 minutes commuting to work, which is shorter than the national average of 26 minutes.