Covington vs Memphis
| Covington | Memphis | |
|---|---|---|
| Population | 8,644 | 630,027 |
| Median Household Income | $42,254 | $51,736 |
| Median Home Value | $185,900 | $169,000 |
| Median Gross Rent | $933/mo | $1,181/mo |
| Homeownership Rate | 45.3% | 44.9% |
| Unemployment Rate | 8.8% | 8.3% |
| Bachelor's Degree or Higher | 13.7% | 28.0% |
| Median Age | 40.3 | 34.2 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.