In this article, we propose an equivalent hazard magnitude scale and a method to evaluate and compare the strengths of natural hazard events across different hazard types, including earthquakes, tsunamis, floods, droughts, forest fires, tornadoes, cold waves, heat waves, and tropical cyclones. With our method, we determine that both the February 2021 North American cold wave event and Hurricane Harvey in 2017 were equivalent to a magnitude 7.5 earthquake in hazard strength.