The cost of living index in Hazard, KY, shows variations across different categories compared to the nationwide average of 100. Housing costs in Hazard are significantly lower, with an index of 78, representing a 22% decrease from the average. This suggests that housing in Hazard is more affordable. Other categories like groceries, utilities, transportation, healthcare, and miscellaneous items also reflect modest differences from the national average. For instance, groceries are at 92, utilities at 87, transportation at 95, healthcare at 90, and miscellaneous expenses at 85. These percentages indicate that while some categories like transportation are slightly higher, others such as housing offer considerable savings. Overall, Hazard provides a relatively affordable living environment for residents.
Job seekers considering a move to Hazard, KY, will find the cost of living index to be quite appealing compared to the nationwide average of 100. Housing costs in Hazard stand at 78, which is 22% lower than the national average. This suggests that renters and homeowners in Hazard can enjoy more affordable living expenses without sacrificing too much in terms of the quality of life. Lower housing costs can also mean a greater disposable income, allowing residents to save or invest more.
The overall cost of living in Hazard is also favorable, with utilities at 87, groceries at 92, and miscellaneous expenses at 85. While groceries and healthcare costs are slightly above the national average, they remain quite reasonable. Transportation, at 95, is only marginally higher than the national average, which means commuting and other transport-related expenses will not be a burden. Altogether, Hazard offers a cost-of-living index that is 9% below the national average, making it a smart financial choice for those looking to balance affordability with quality of life.
