Concord cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexConcordMissouriNational
Cost of living index10091100
IndexConcordMissouriNational
Goods & Services index9799100
Groceries index10195100
Health care index10197100
Housing index10379100
Transportation index9287100
Utilities index114104100
Displayed above is a general overview of the Concord, MO cost of living index. The overall cost of living index in Concord, MO is 100, which is 10% higher than the Missouri average and equal to the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Concord, MO are 2% lower than the Missouri average and 3% lower than the national average.

Did you know?

  • The cost of living in Concord is 10% higher than the Missouri average.
  • The cost of living in Concord is equal to the national average.
  • The cost of housing in Concord is 3% higher than the national average.
  • Missouri general sales tax is 17% lower than the national average.
  • Missouri state income tax is 33% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
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Health care index
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The salary calculator is meant to help you compare your salary in Concord, MO to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Concord, MO, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Concord, MO salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$73,080$6,090$1,705$2,193
Renters$36,875$3,073$860$1,106
The affordability of the housing market in Concord, MO as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Concord, MO homeowners, the median income is $73,080. This indicates that a monthly maximum of $1,705 should be spent by homeowners on all housing related costs. Renters have a median income of $36,875. This indicates that renters should have a maximum of $860 used for their rent related monthly costs.

Missouri Sales Tax

StateGeneral Sales TaxWith Max Surtax
Missouri4.225%9.35%

Missouri Income Tax

StateIncome Tax (Low)Income Tax (High)
Missouri1.5%6%
When you are determining the total cost of living in Concord, MO you will want to make sure you consider both the Missouri sales tax and the Missouri income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Missouri is 4.225%, with the highest surtax being 9.35%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Missouri have a range from 1.5% to 6%.

Goods & Services

ItemConcordNational avg.Difference
Haircut $16.17$14.5910.8%
Beauty Salon $34.85$34.680.5%
Toothpaste $2.47$2.470.1%
Shampoo $0.87$1.0214.9%
Movie $10.46$9.876.0%
Bowling $3.64$4.3917.1%

Groceries

ItemConcordNational avg.Difference
Ground Beef $5.69$4.4827.1%
Fried Chicken $1.99$1.4635.9%
Milk $2.61$2.3610.7%
Potatoes $2.41$3.0621.3%
Pizza $8.39$9.249.2%
Beer $7.99$8.637.4%

Health Care

ItemConcordNational avg.Difference
Optometrist $83.00$99.7816.8%
Doctor $98.56$105.036.2%
Dentist $93.75$88.705.7%
Ibuprofen $10.71$9.4113.8%
Lipitor $306.38$298.502.6%

Housing

ItemConcordNational avg.Difference
Home Price $184,300.00$175,700.004.9%
Avg. Mortgage Payment $711.37$1,081.0334.2%
Apartment Rent $894.00$920.002.8%

Transportation

ItemConcordNational avg.Difference
Gasoline $1.86$2.0910.9%
Tire Balancing $44.70$45.291.3%

Utilities

ItemConcordNational avg.Difference
All Electricity$164.26$170.803.8%
Phone $39.44$28.2639.6%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Peaceful Village, MO597-3%
Brooklyn, IL80779-21%
Alorton, IL1,72980-20%
Venice, IL1,75181-19%
Washington Park, IL4,12082-18%
Concord, MO16,6451000%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Defiance, OH16,64689-11%
Suwanee, GA16,64811111%
Sikeston, MO16,64282-18%
Fairhope, AL16,6611077%
Centralia, WA16,66497-3%
Concord, MO16,6451000%
Source: The Concord, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.