Cost of Living in Hazard, KY: Rent, Income & Home Prices

CheapRent takes 17 cents of every $1 people earn here.

🏠 Rent per month (2026)$75857% lower than U.S. average

💵 Families earn per year (2026)$55,021about $4,585/month · 37% lower than U.S. average

🔑 House price$145,40056% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 13.8 minutes.

How much money do I need?

To rent here comfortably, you should earn about $30,320 a year. That is $15 an hour at a full-time job.

Is rent cheaper than other Kentucky cities?

Yes. Rent here is cheaper than in most of Kentucky. It is number 7 of 87 cities from cheapest to most expensive.

Hazard

$758

$1,037

$1,106

$1,416

$2,306

$696

$1,374

How much do households earn in Hazard?

Under $25k

25.1%

$25k–50k

14.8%

$50k–100k

24.7%

$100k–150k

13.2%

$150k+

9.6%

Share of households by yearly income. 22.8% of households earn $100,000 or more.

Rent by apartment size in Hazard

Size	Hazard	U.S. average
1 bedroom	$531	$1,324
2 bedrooms	$804	$1,509
3 bedrooms	$967	$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Hazard overall?

Everyday prices in Kentucky overall are 10% below the U.S. average (index 90.2, U.S. = 100).

Housing

Goods (food, clothes…)

Utilities

Other services

U.S. average

100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hazard, so the Kentucky figure is shown.

Taxes and bills in Hazard

🏛️ Property tax$1,408a year · 0.97% of home value · U.S. $3,119

⚡ Electric bill$218a month (typical) · U.S. $156

Life in Hazard

Commute to work13.8 minU.S.: 26.4 min

College degree23.6%U.S.: 35.7%

Own their home53.5%U.S.: 65.2%

Below poverty line31.5%U.S.: 12.5%

Unemployment7.1%U.S.: 5.2%

Is it cheaper to rent or buy in Hazard?

Renting is cheaper right now: about $251 a month less.

Renting

$758

Owning

$1,009

Owning assumes a typical $145,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $14,540 for the down payment.

Frequently asked questions

What is the average rent in Hazard, KY?

Renting in Hazard costs a median of about $758 a month in 2026, including utilities. The Kentucky median is $1,175.

How much do I need to make to live in Hazard?

To keep rent under 30% of income, you need about $30,320 a year, or $15 an hour at a full-time job.

Is Hazard cheap or expensive?

Hazard is rated Cheap: rent takes 16.5% of the typical household income of $55,021. It ranks 7th cheapest of 87 Kentucky cities we track.

How much are property taxes in Hazard?

The median homeowner in Hazard pays $1,408 a year in property taxes, about 0.97% of the median home value.

Is Hazard more expensive than the national average?

Overall prices in Kentucky are 10% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Hazard?

The median home value in Hazard is $145,400, about 2.6 times the typical yearly household income.

5,008 people live in Hazard. Numbers are typical (middle) values.

Is Hazard, KY expensive to live in?