Hazard, KY vs Newport, KY

There is a significant gap in the cost of living between these two cities. Hazard is 18.9% cheaper than Newport. With a cost index of 66 vs 81, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hazard to Newport should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hazard is $718/month compared to $994/month in Newport — a 28% difference. Home values follow the same pattern: Hazard is more affordable at $146,100 median vs $221,100.

Median household income in Hazard is $68,582 compared to $58,422 in Newport (+17.4%). Hazard offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hazard spend roughly 12.6% of their income on rent, less than the 20.4% in Newport.