Cost of Living in Concord, CA

Housing

The housing market plays a significant role in determining the cost of living in Concord, CA.

• Housing Index: 145.0 / 100
• Median Home Price is: $751000
• Average Rent (2 BR Apartment): $2500 per month
• Average Rent (2 BR House): $2150 per month

When considering a move to Concord, CA, keep in mind the housing index of 145.0 indicates a high level of property value compared to national standards. The median home price at 751000 suggests it's a significant investment. For renters, the average monthly rates of 2500 for a 2-bedroom apartment and 2150 for a house should also factor into your budget. Moreover, with rising interest rates and inflation potentially affecting the housing market, investing in Concord could be increasingly worthwhile for long-term stability.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Concord, CA.

• Electricity Price: 32.99 USD (median by state)
• Natural Gas Price: $16.99 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $300 per month

Living in Concord, CA could entail higher utility costs. Electricity costs sit at 32.99, while natural gas is priced at 16.99 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 300 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 135.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $107789

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Concord, CA, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.