Hazard, KY, boasts a cost of living index that is notably lower than the nationwide average of 100. The graph indicates that the overall cost of living in Hazard stands at 85. This represents an impressive 15% reduction in expenses compared to the national average. In Hazard, residents benefit from significantly lower housing costs, with an index of 75, translating to a 25% savings. However, some areas like healthcare remain close to the national average, with an index of 95, showing just a 5% increase. This balance makes Hazard an attractive option for those seeking affordable living without sacrificing quality in key areas.
The cost of living in Hazard, KY, offers a more affordable lifestyle compared to the nationwide average. With a cost of living index set at 100 for the national average, Hazard’s housing costs sit at 75, indicating a 25% savings for residents. This means that housing expenses are significantly lower than the average, making it an attractive option for those looking to save on their housing budget.
When considering other living costs, Hazard provides a mix of savings and moderate expenses. For example, groceries are priced at an index of 90, which is 10% less than the national average. Utilities and transportation, at 85 and 80 respectively, also offer slight savings. Healthcare costs, however, slightly exceed the average at 95, indicating a 5% increase. Overall, Hazard presents a favorable cost of living for many essential expenses, making it a compelling choice for budget-conscious individuals.
