| Index | Concord | North Carolina | National |
| Cost of living | 103 | 96 | 100 |
| Groceries | 98 | 100 | 100 |
| Health care | 100 | 99 | 100 |
| Housing | 116 | 88 | 100 |
| Transportation | 97 | 99 | 100 |
| Utilities | 98 | 99 | 100 |
| Lifestyle & Entertainment | 99 | 100 | 100 |
| Household Items | 99 | 100 | 100 |
| Education & Childcare | 94 | 100 | 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.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Concord are priced in a manner consistent with other areas. This means that residents of Concord can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Locals have the inside scoop on their city. So, we polled 12 residents in Concord to learn how they view the cost of living. We asked how they felt about the cost of living in their area, and if they thought that prices were increasing, decreasing or staying the same. The verdict? 83% find it reasonable with decreasing prices, but 17% think it's quite pricey, with prices that continue to rise.
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 21% higher than the national average and monthly rent prices are 4.1% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Concord boasting a median household income of $104,051, 27.9% higher than the national average.
Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Concord, the transportation index is 3.2% lower than the national average.
Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Concord, healthcare costs are 0.3% lower than the national average.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
The cost of living estimates displayed for Concord are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $127,549 | $10,629 | $2,976 | $3,827 |
| Renters | $64,545 | $5,379 | $1,506 | $1,937 |
| State | General Sales Tax | With Max Surtax |
| North Carolina | 4.75% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| North Carolina | 4.75% | 4.75% |
| City | Population | Cost of Living Index | National Avg. |
| Enochville, NC | 3,435 | 91 | 9.3% |
| China Grove, NC | 4,336 | 91 | 8.8% |
| Rockwell, NC | 2,174 | 93 | 7.1% |
| Red Cross, NC | 735 | 92 | 7.9% |
| Granite Quarry, NC | 3,084 | 95 | 4.6% |
| Concord, NC | 97,608 | 103 | 3.2% |
| City | Population | Cost of Living Index | National Avg. |
| Dearborn, MI | 97,662 | 96 | 4.2% |
| Yakima, WA | 97,434 | 107 | 6.7% |
| Livonia, MI | 97,392 | 102 | 1.5% |
| New Bedford, MA | 97,315 | 116 | 16.5% |
| Sunrise, FL | 97,297 | 112 | 12.2% |
| Concord, NC | 97,608 | 103 | 3.2% |
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