The cost of living index for Hazard, KY, reveals that the overall living expenses are below the nationwide average. Hazard's cost of living index stands at 88, indicating that residents spend 12% less than the national average. This lower index makes Hazard a potentially more affordable place for job seekers considering relocation. Housing costs in Hazard are notably lower, at 80% of the nationwide average, while utilities and groceries remain close to the national averages, offering a balanced cost structure for prospective residents.
The cost of living index in Hazard, KY, provides an insightful comparison to the nationwide average, which is set at 100. Hazard's housing index is notably lower, standing at 80. This means that housing costs in Hazard are 20% lower than the average cost across the nation. For job seekers, this could be a significant advantage, potentially allowing for more financial flexibility or higher savings.
Beyond housing, other categories also reflect a favorable comparison for residents. Groceries in Hazard are priced at 90 on the index, which means they are 10% cheaper than the nationwide average. Utilities cost 95, indicating just a 5% increase above the national average. Transportation costs in Hazard are at 85, meaning they are 15% cheaper than average. Healthcare costs are slightly above average at 88, showing an 12% decrease, while miscellaneous expenses are at 92, which is only 2% higher than the national average. Together, these factors suggest that living in Hazard, KY, may be more affordable in several key areas compared to the rest of the country.
