Concord, NC Cost Of Living

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Updated: 2020-03-08
Concord's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Concord is expensive, while a number below 100 means it's a relatively cheap place to live.

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 97 which is 1.0x lower than the national index of 100.

Compared to only North Carolina, Concord has a cost of living index that's 1.0x higher than North Carolina's index of 95.

The standard of living in Concord ranks as #2809 most affordable out of the 6522 places we measured in North Carolina. By definition, that implies Concord ranks as the #3597 most expensive place in the Tar Heel State.

For more reading on life in Concord, check out:

Concord Cost Of Living Vs. North Carolina

Living Expense Concord North Carolina National Average
Overall 97 95 100
Services 102 101 100
Groceries 101 98 100
Health 108 108 100
Housing 91 85 100
Transportation 94 94 100
Utilities 95 98 100
For more reading on cost of living around North Carolina, check out:
Concord Cost of Living Vs. NC

Concord, NC Housing Cost Breakdown

Housing swings affordability the most between places in North Carolina, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Concord North Carolina United States
Median Home Value $188,900 $165,900 $204,900
Median Rent $880 $877 $1,023
Median Income $63,707 $52,413 $60,293
Home Value To Income 3.0x 3.2x 3.4x
Rent To Monthly Income 0.17x 0.2x 0.2x

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Cost Of Living In Cities Around Concord

City Population Cost Of Living Vs. Concord
Charlotte, NC 841,611 101 1.0x
Huntersville, NC 54,572 111 1.1x
Kannapolis, NC 47,553 92 0.9x
Mooresville, NC 37,165 101 1.0x
Matthews, NC 31,400 107 1.1x
Cornelius, NC 28,649 112 1.2x
Mint Hill, NC 26,168 105 1.1x
Harrisburg, NC 15,269 112 1.2x
Stallings, NC 15,240 108 1.1x
Davidson, NC 12,666 126 1.3x

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