Concord, NC

Average · 100

North Carolina · Population 106,518 · Updated March 2026

$1,365
Median Rent / Month
$84,752
Median Income
$327,600
Median Home Value
$1,402
Owner Costs / Month

Affordability

How far your income goes in Concord

19.3%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in North Carolina

State-level tax rates that affect your costs

4.5%
Income Tax (Top Rate)
4.75%
Sales Tax
0.8%
Property Tax Rate

Estimated Annual Costs

$16,380
Annual Rent
$3,814
State Income Tax
$2,621
Property Tax (est.)

Cost of Living Overview

Concord has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 100 (where 100 equals the national median), Concord residents can expect to pay median rent of $1,365/month while earning a median household income of $84,752/year.

The median home value in Concord, NC is $327,600, with typical monthly owner costs around $1,402 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.3% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

North Carolina has a moderate income tax rate of 4.5%. Combined with a 4.75% sales tax rate and 0.8% effective property tax rate, the overall tax environment is a factor in the total cost of living in Concord.

Frequently Asked Questions

Common questions about living costs in Concord

What is the cost of living in Concord, NC?
The cost of living index in Concord, NC is 100 (US average = 100). Median monthly rent is $1,365, median household income is $84,752/year, and the median home value is $327,600.
Is Concord, NC affordable?
No, Concord is more expensive than the national average with a cost index of 100. The rent-to-income ratio is 19.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Concord, NC?
The median gross rent in Concord, NC is $1,365 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,380.
What is the median household income in Concord?
The median household income in Concord, NC is $84,752 per year. This compares to the national median of approximately $80,000.
What are the taxes like in North Carolina?
North Carolina has a top income tax rate of 4.5%, a sales tax of 4.75%, and an effective property tax rate of 0.8%.