Cost of Living in Covina, CA
Population: 50,143 • 2026 Data
$94,792
Median Household Income
+22% vs national
$1,839
Median Monthly Rent
+36% vs national
$666,000
Median Home Value
+96% vs national
6.3%
Unemployment Rate
Housing in Covina
The median home value in Covina, CA is $666,000. Monthly rent for a typical unit averages $1,839, while total monthly housing costs (including utilities and insurance) average $2,007.
Rent-to-income ratio: 23.3%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Covina, CA is $94,792. The unemployment rate stands at 6.3%, with a labor force of 28,002 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.