Covington, VA 24426

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 2430 3780 $11,053 $1,131
(7.82% of returns)
$1,865
(8.23% of returns)
$4,750
$25,000 to $50,000 1620 2960 $27,133 $1,573
(16.05% of returns)
$6,697
(30.25% of returns)
$3,966
$50,000 to $75,000 960 2030 $40,034 $2,477
(22.92% of returns)
$15,524
(30.21% of returns)
$4,335
$75,000 to $100,000 620 1570 $48,025 $3,310
(30.65% of returns)
$21,315
(32.26% of returns)
$5,330
$100,000 to $200,000 620 1650 $70,103 $5,384
(40.32% of returns)
$25,526
(30.65% of returns)
$5,596
Over $200,000 60 130 $206,550 $25,200
(66.67% of returns)
$0
(0% of returns)
$8,050
For Zip 6310 12120 $34,512

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Income Tax Rates

Rate Minimum Income Maximum Income
0.02 0 3000
0.03 3000 5000
0.05 5000 17000
0.0575 17000 null

Property Tax Rates

Rate Rank (compared to Other States)
0.0086 30

Sales Tax Rates

State Rate Average Local Rate Combined Rate Rank (compared to Other States)
0.053 0.0035 0.0565 41