| Index | Concord | Missouri | National |
| Cost of living | 103 | 90 | 100 |
| Groceries | 96 | 96 | 100 |
| Health care | 97 | 97 | 100 |
| Housing | 120 | 77 | 100 |
| Transportation | 98 | 96 | 100 |
| Utilities | 99 | 95 | 100 |
| Lifestyle & Entertainment | 92 | 95 | 100 |
| Household Items | 96 | 97 | 100 |
| Education & Childcare | 96 | 95 | 100 |
The cost of living in Concord affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Concord is 103, which is 3% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Concord aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Concord residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
Is Concord an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Concord is 22.9% higher than the national average, while the average monthly rent prices are 12.6% higher than average. The affordability of any location can also be influenced by median income levels. Concord has a median household income of $114,632, which is 40.9% higher than the national average.
Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Concord, the groceries index is 3.7% lower than the national average.
Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Concord, the transportation index stands at 1.9% lower than the national average.
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 | $121,890 | $10,158 | $2,844 | $3,657 |
| Renters | $71,114 | $5,926 | $1,659 | $2,134 |
| State | General Sales Tax | With Max Surtax |
| Missouri | 4.225% | 10.85% |
| State | Income Tax (Low) | Income Tax (High) |
| Missouri | 2% | 4.95% |
| City | Population | Cost of Living Index | National Avg. |
| Peaceful Village, MO | 95 | 69 | 31.1% |
| Brooklyn, IL | 445 | 74 | 26.2% |
| East St. Louis, IL | 27,033 | 77 | 22.5% |
| Alorton, IL | 2,149 | 78 | 22.3% |
| East Carondelet, IL | 330 | 78 | 22.2% |
| Concord, MO | 19,251 | 103 | 3.4% |
| City | Population | Cost of Living Index | National Avg. |
| Terrell, TX | 19,247 | 94 | 5.8% |
| Franklin Farm, VA | 19,257 | 172 | 71.9% |
| Lake Shore, MD | 19,239 | 136 | 35.9% |
| Homewood, IL | 19,234 | 100 | 0.4% |
| Culpeper, VA | 19,271 | 117 | 16.7% |
| Concord, MO | 19,251 | 103 | 3.4% |
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