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: $751,000
- 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 Concord is a financially viable option for your relocation.