Executive Financial Report: Hazard (41701)
Evaluating relocation options in Perry? The financial benchmark for residing in Hazard, KY (41701) indicates that a single worker needs roughly $2,677 monthly ($32,119.242 annually) to maintain an adequate standard of living.
With typical rent and housing utilities averaging an affordable $475 per month—just 18% of baseline expenses—Hazard offers exceptionally competitive housing costs compared to wider metropolitan averages across Kentucky.
Household earnings in Hazard generally align with basic living standards. With an area median family income of $45,596, local workers earn roughly 1.42x the baseline living cost ($32,119.242/year). While adequate, maintaining a comfortable safety net requires mindful budgeting.
Tax obligations represent roughly 16% ($431/month) of baseline monthly spending in zip code 41701. State and federal tax obligations form a consistent component of monthly financial planning. Meanwhile, essential groceries average $248 monthly for single adults.
In summary, living in Hazard, KY requires balancing local real estate conditions with prevailing regional wage structures. Use the interactive calculator below to adjust these benchmarks for multi-person family households or compare 41701 against other US destinations.