The cost of living index in Hazard, KY, shows a notable difference compared to the nationwide average. Housing, at 75, stands significantly lower, suggesting a more affordable option for potential residents. Groceries, utilities, transportation, healthcare, and miscellaneous expenses also reflect a below-average index, collectively indicating a cost of living 12% lower than the national average.
Overall, the lower cost of living index for various categories makes Hazard, KY, an attractive choice for those seeking a more affordable lifestyle. With housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses all priced under the national benchmark, individuals might find better economic value here.
Hazard, KY, showcases a cost of living that is notably below the nationwide average, which is set at 100. Housing costs in Hazard are 25% lower than the national average, making this a particularly attractive category for potential residents looking to save on their living expenses. When examining housing alone, Hazard offers significant affordability, a fact that can be beneficial for those considering a move.
Other essential costs also show Hazard's competitive pricing structure. Groceries, for instance, are priced at 85 on the cost of living index, which means they are 15% cheaper than the average. Utilities follow closely behind, slightly above the average at 90, indicating a modest increase of 10%. Transportation costs are set at 80, also 20% lower than the national average. Healthcare costs are slightly above average at 95, representing a 5% increase, but still remain relatively affordable. Miscellaneous expenses in Hazard are positioned at 88, which is 12% lower than the national average, offering additional savings opportunities. Overall, Hazard, KY, presents itself as a location with favorable living costs across various essential categories.
