| Index | Concord | New Hampshire | National |
| Cost of living | 110 | 110 | 100 |
| Groceries | 104 | 103 | 100 |
| Health care | 105 | 104 | 100 |
| Housing | 124 | 125 | 100 |
| Transportation | 104 | 103 | 100 |
| Utilities | 105 | 106 | 100 |
| Lifestyle & Entertainment | 101 | 103 | 100 |
| Household Items | 102 | 102 | 100 |
| Education & Childcare | 101 | 105 | 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 110, marking it 10% higher than the national average.
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.
Housing costs make up a big chunk of the cost of living in Concord, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 24.4% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Is Concord affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Concord, for instance, where the median home price falls 29% higher than the national average, and monthly rent rates are 13.7% higher than usual. Additionally, median income levels contribute to the equation, with Concord flaunting a median household income of $104,849, 28.9% higher than the national norm.
Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Concord, the transportation index is 4.4% higher than the national average.
Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Concord, the utilities index registers at 5% higher than the national average.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Concord, the standard sales tax rate starts at 0%, and the income tax rates commence at 4%.
The Concord cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional 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 | $142,954 | $11,913 | $3,335 | $4,289 |
| Renters | $66,357 | $5,530 | $1,548 | $1,991 |
| State | General Sales Tax | With Max Surtax |
| New Hampshire | 0% | 0% |
| State | Income Tax (Low) | Income Tax (High) |
| New Hampshire | 4% | 4% |
| City | Population | Cost of Living Index | National Avg. |
| Pittsfield, NH | 1,512 | 99 | 1.4% |
| Suncook, NH | 5,080 | 104 | 3.9% |
| Pinardville, NH | 4,863 | 106 | 6.3% |
| Warner, NH | 655 | 108 | 7.6% |
| Henniker, NH | 2,660 | 108 | 8.1% |
| Concord, NH | 45,076 | 110 | 9.6% |
| City | Population | Cost of Living Index | National Avg. |
| Channelview, TX | 45,083 | 94 | 6.1% |
| Cutler Bay, FL | 45,068 | 123 | 22.7% |
| Altamonte Springs, FL | 45,050 | 106 | 6.3% |
| York, PA | 45,108 | 87 | 13.0% |
| El Centro, CA | 45,037 | 111 | 11.3% |
| Concord, NH | 45,076 | 110 | 9.6% |
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