Income & Economy in Covington city, KY (41014)
Median Income
$56,148
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+266
Wealth inflow
Population
7,118
Unemployment
7.0%
3.3pp above US avg
IRS migration statistics show a net inflow of about 266 for ZIP 41014 (Covington city, KY) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 41014 (2020–Present)
Since 2020, population grew 6.6%, median income rose 5.9% (inflation-adjusted), home values increased 25.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $56,148 |
| Unemployment | 7.0% |
| Establishments | 60 |
| Employees | 590 |