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 New Hampshire, 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 109, with 100 being the average.
The cost of living index in Concord is 1.1x higher than the national average.
Concord ranks as the #10 cheapest in New Hampshire out of 25.
Concord ranks as the #4,038 cheapest out of 6,412 in the US.
The median home value in Concord is $245,800.
The median income in Concord is $73,156.
According to the most recent data on the cost of living, Concord has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to New Hampshire, Concord has a cost of living index that's 1.0x lower than New Hampshire's index of 114.
The standard of living in Concord ranks as #10 most affordable out of the 25 places we measured in New Hampshire. By definition, that implies Concord ranks as the #15 most expensive place in the Granite State.
For more reading on life in Concord, check out:
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 113.
The Groceries index in Concord is 101.
The Health index in Concord is 113.
The Housing index in Concord is 110.
The Transportation index in Concord is 93.
The Utilities index in Concord is 110.
|Living Expense||Concord||New Hampshire||National Average|
Housing swings affordability the most between places in New Hampshire, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Concord is $245,800.
The Median Rent in Concord is $1,160.
The Median Income in Concord is $73,156.
The Home Value To Income in Concord is 3.4x.
The Rent To Monthly Income in Concord is 0.19x.
|Statistic||Concord||New Hampshire||United States|
|Median Home Value||$245,800||$288,700||$244,900|
|Home Value To Income||3.4x||3.5x||3.5x|
|Rent To Monthly Income||0.19x||0.17x||0.2x|
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:
Manchester, NH has a cost of living index of 108, 1.0x Concord.
Franklin, NH has a cost of living index of 103, 0.9x Concord.
South Hooksett, NH has a cost of living index of 111, 1.0x Concord.