Concord, NC Cost Of Living
Cost Of Living In Concord, NC Summary
Cost of living in Concord research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Concord is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in North Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Concord is 103, with 100 being the average.
The cost of living index in Concord is 1.0x higher than the national average.
Concord ranks as the #92 cheapest in North Carolina out of 157.
Concord ranks as the #2,952 cheapest out of 6,489 in the US.
The median home value in Concord is $378,958.
The median income in Concord is $84,752.
Table Of Contents
Concord's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Concord, NC?
According to the most recent data on the cost of living, Concord has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to North Carolina, Concord has a cost of living index that's 1.1x higher than North Carolina's index of 92.
The standard of living in Concord ranks as #92 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Concord ranks as the #65 most expensive place in the Tar Heel State.
For more reading on life in Concord, check out:
In North Carolina
In America
Concord Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Concord. Here is how it fairs on each of the criteria:
The Services index in Concord is 92.
The Groceries index in Concord is 98.
The Health index in Concord is 95.
The Housing index in Concord is 116.
The Transportation index in Concord is 102.
The Utilities index in Concord is 100.
| Living Expense | Concord | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 103 | 92 | 100 | |
| Services | 92 | 100 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 95 | 106 | 100 | |
| Housing | 116 | 86 | 100 | |
| Transportation | 102 | 93 | 100 | |
| Utilities | 100 | 95 | 100 | |
Concord, NC Housing Cost Breakdown
Housing swings affordability the most between places in North Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Concord is $378,958.
The Median Rent in Concord is $1,365.
The Median Income in Concord is $84,752.
The Home Value To Income in Concord is 4.5x.
The Rent To Monthly Income in Concord is 0.19x.
| Statistic | Concord | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $378,958 | $332,681 | $303,400 |
| Median Rent | $1,365 | $1,162 | $1,348 |
| Median Income | $84,752 | $69,904 | $78,538 |
| Home Value To Income | 4.5x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Concord, NC Costs By Category
Detailed Concord Services Costs Vs. North Carolina
| Item | Concord | North Carolina |
|---|---|---|
| Shampoo | $1.34 | $1.28 |
| Movie | $13.67 | $12.13 |
| Bowling | $18.63 | $18 |
| Haircut | $30.02 | $24.26 |
| Beauty Salon | $39.6 | $45.56 |
Detailed Concord Groceries Costs Vs. North Carolina
| Item | Concord | North Carolina |
|---|---|---|
| Ground Beef | $6.12 | $5.84 |
| Fried Chicken | $1.55 | $1.57 |
| Milk | $4.66 | $4.67 |
| Potatoes | $5.3 | $4.93 |
| Pizza | $11.64 | $12.09 |
| Beer | $10.31 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Concord Health Costs Vs. North Carolina
| Item | Concord | North Carolina |
|---|---|---|
| Optometrist | $131.75 | $125.68 |
| Doctor | $157.27 | $135.78 |
| Dentist | $130.26 | $113.29 |
Detailed Concord Transportation Costs Vs. North Carolina
| Item | Concord | North Carolina |
|---|---|---|
| Gasoline | $3.19 | $3.46 |
| Tire Balancing | $57.92 | $59.92 |
Detailed Concord Utilities Costs Vs. North Carolina
| Item | Concord | North Carolina |
|---|---|---|
| All Electricity | $160.96 | $193.99 |
| Phone | $187.97 | $192.25 |
Concord SnackAbility
/10
Cost Of Living In Cities Around Concord
The cost of living varies in the cities and towns around Concord. Here's a quick look at the cost of living in the most populous nearby places:
Charlotte, NC has a cost of living index of 110, 1.1x Concord.
Huntersville, NC has a cost of living index of 119, 1.2x Concord.
Kannapolis, NC has a cost of living index of 91, 0.9x Concord.
| City | Population | Cost Of Living | Vs. Concord |
|---|---|---|---|
| Charlotte, NC | 886,283 | 110 | 1.1x |
| Huntersville, NC | 62,458 | 119 | 1.2x |
| Kannapolis, NC | 56,470 | 91 | 0.9x |
| Mooresville, NC | 51,447 | 107 | 1.0x |
| Cornelius, NC | 32,009 | 122 | 1.2x |
| Matthews, NC | 29,959 | 113 | 1.1x |
| Mint Hill, NC | 26,954 | 112 | 1.1x |
| Harrisburg, NC | 19,203 | 122 | 1.2x |
| Stallings, NC | 16,495 | 115 | 1.1x |
| Davidson, NC | 14,852 | 133 | 1.3x |
