Hazard, KY is a small town with plenty to offer to those looking for a peaceful yet affordable place to live. Apartments in Hazard are surprisingly affordable, with the average two bedroom rent being $780 which is significantly lower than the national average of $1,430. The cost of groceries index is also lower at 93 compared to 100 nationally. Businesses such as Eastern Kentucky University's Hazard Campus, Kentucky River Medical Center, Timco Inc., and Carhartt are popular employers in Hazard that offer residents great jobs. All in all, Hazard provides a great quality of life with an affordable cost of living.
Hazard has an unemployment rate of 6.7%. The US average is 6.0%.
Hazard has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 12.5%, which is lower than the US average of 33.5%.
Tax Rates for Hazard
- The Sales Tax Rate for Hazard is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hazard is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hazard
- The average income of a Hazard resident is $26,895 a year. The US average is $28,555 a year.
- The Median household income of a Hazard resident is $55,543 a year. The US average is $69,021 a year.