Albany, KY vs Hazard, KY

Albany is moderately more affordable than Hazard, with a 10.4% lower cost of living index. Albany scores 59 compared to 66 for Hazard, where the US average is 100. This difference means residents of Hazard can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Albany is $610/month compared to $718/month in Hazard — a 15% difference. Home values follow the same pattern: Albany is more affordable at $102,500 median vs $146,100.

Median household income in Albany is $40,301 compared to $68,582 in Hazard (-41.2%). While Hazard is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Albany spend roughly 18.2% of their income on rent, more than the 12.6% in Hazard.