College Costs in Covington, IN 2026
Compare tuition, housing, and financial aid across 2 colleges in Covington, Indiana. Use our free calculator to estimate your total cost.
Avg Public Tuition
$10,200
per year
Avg Private Tuition
$34,000
per year
Avg Rent Near Campus
$548
per month
Colleges & Universities
2
institutions
Covington Overview
Population
22,045
Student Population
1,304 (5.9%)
Cost of Living Index
87.4 (avg: 100)
Walk Score
38/100
Transit Score
23/100
Unemployment Rate
2.7%
College Cost Calculator for Covington
Cost Inputs
Total Cost (4 Years, Public In-State)
$93,928
Total After Financial Aid
$93,928
Annual Cost
$23,482
Annual After Aid
$23,482
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $93,928 |
| Monthly Payment | $1,067 |
| Total Interest | $34,056 |
| Total Loan Cost | $127,984 |
Universities in Covington
| University | Type | Annual Tuition |
|---|---|---|
| Covington State University | Public | $9,281 |
| Covington Community College | Community | $5,622 |
Covington has 2 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Covington vs. National Average
| Category | Covington | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $10,200 | $10,940 | -$740 |
| Monthly Rent Near Campus | $548 | $1,050 | -$502 |
| Cost of Living Index | 87.4 | 100 | -12.599999999999994 |
Covington's cost of living is below the national average. This makes it a more affordable city for students compared to many other college towns.
Student Life in Covington
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
1,304 students
Covington has a total population of 22,045, with approximately 1,304 college students (5.9% of the population). While not primarily a college town, Covington offers students access to urban amenities, diverse employment opportunities, and a wide range of cultural experiences.
Post-Graduation Outlook in Covington
$43,132
Starting Salary
2.7%
Unemployment Rate
50%
Graduation Rate
~12 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Covington earn a median starting salary of $43,132, which is $8,132 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $93,928 (including room and board), it would take approximately 12 years of the salary premium to recoup the investment. With average financial aid of $12,032 per student per year, the net cost and payback period can be significantly reduced.
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