The cost of living index in Hazard, KY, shows that housing costs are 16% below the nationwide average, while groceries are 8% below. Utilities and transportation costs are slightly above average, at 10% and 6% respectively. Healthcare and miscellaneous costs are both 15% below the national average, at 85% and 88%. Overall, living in Hazard, KY, tends to be more affordable for job seekers compared to the nationwide average.
The cost of living index in Hazard, KY, presents a mix of affordability and competitive pricing when compared to the nationwide average, which is set at 100. Notably, the housing index stands at 84, indicating that residents can expect to pay about 16% less than the national average for housing. This makes living in Hazard an attractive option for those seeking to manage housing expenses efficiently.
Moreover, the groceries index is slightly above the national average at 92, suggesting that while grocery costs are relatively minor compared to other areas, they are still about 2% higher than the nationwide standard. Utilities cost 90, slightly below the national average, which translates to a savings of 10%. Transportation costs, at 96, are about 6% higher than the national average, reflecting higher fuel and vehicle-related expenses. Healthcare costs, with an index of 85, are 15% lower than the average, providing a significant advantage to residents. Miscellaneous costs, at 88, are just 2% below the national average, making other day-to-day expenditures quite comparable to the rest of the country. Overall, Hazard offers a balanced cost of living with several areas below the national average, making it a potentially cost-effective place to live.
