| Index | Concord | California | National |
| Cost of living | 166 | 141 | 100 |
| Groceries | 114 | 111 | 100 |
| Health care | 115 | 116 | 100 |
| Housing | 281 | 197 | 100 |
| Transportation | 121 | 118 | 100 |
| Utilities | 117 | 119 | 100 |
| Lifestyle & Entertainment | 122 | 120 | 100 |
| Household Items | 111 | 111 | 100 |
| Education & Childcare | 126 | 127 | 100 |
Knowing the cost of living in Concord allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Concord stands at 166, marking it 66% higher than the national average.
If you prioritize affordability when seeking a new place to live, Concord may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Concord falls into this category, which may not align with your preferences for a budget-friendly living environment.
Housing costs significantly influence the Concord cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 180.7%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
Everyday household expenses like cleaning products, laundry detergent, toiletries, and kitchen basics can quickly add up over time and make up 8% of the cost of living index. In Concord, you can expect to spend 11.3% more than average on these recurring essentials, which increases your overall monthly cost of living.
The cost of groceries continues to rise at an alarming rate. Over the last two years, grocery prices have increased by more than 10%! Unfortunately, in Concord, the news isn't any better as grocery prices are 13.5% higher than the national average.
Is Concord affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Concord, the median home price is 220.7% higher than the national average and monthly rent prices are 87.2% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Concord boasting a median household income of $138,269, 70% higher than the national average.
Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Concord, healthcare costs are 15.4% higher than the national average.
Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Concord, the housing index stands at 180.7% higher than the national average.
Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.
The Concord cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $162,027 | $13,502 | $3,780 | $4,861 |
| Renters | $94,935 | $7,911 | $2,215 | $2,848 |
| State | General Sales Tax | With Max Surtax |
| California | 7.25% | 10.5% |
| State | Income Tax (Low) | Income Tax (High) |
| California | 1% | 13.3% |
| City | Population | Cost of Living Index | National Avg. |
| Port Costa, CA | 251 | 115 | 14.6% |
| Pacheco, CA | 4,956 | 111 | 11.4% |
| San Miguel CDP (San Luis Obispo County), CA | 2,800 | 130 | 29.5% |
| Bay Point, CA | 26,221 | 134 | 34.4% |
| Vallejo, CA | 124,444 | 144 | 43.6% |
| Concord, CA | 133,378 | 166 | 66.5% |
| City | Population | Cost of Living Index | National Avg. |
| Stamford, CT | 133,529 | 157 | 57.3% |
| Round Rock, TX | 133,597 | 111 | 10.9% |
| Kent, WA | 134,349 | 134 | 34.3% |
| Kingston, ON | 132,155 | n/a | |
| Langley, BC | 132,088 | n/a | |
| Concord, CA | 133,378 | 166 | 66.5% |
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