Cost of Living in Concord, NC

Housing

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

• Housing Index: 95.0 / 100
• Median Home Price is: $308500
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1440 per month

When considering a move to Concord, NC, the housing landscape appears somewhat affordable, with a housing index of 95.0 indicating that costs are below the national average. The median home price of 308500 provides viable opportunities for homebuyers, especially when compared to average rents for a 2-bedroom apartment at 1200 and a house at 1440. With a lower housing index, potential residents could benefit from smart financial decisions while enjoying local amenities. Careful consideration of your budget will be essential in making the right choice for your next home.

Utilities

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

• Electricity Price: 13.72 USD (median by state)
• Natural Gas Price: $None USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $180 per month

Living in Concord, NC could entail higher utility costs. Electricity costs sit at 13.72, while natural gas is priced at None per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 180 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: 98.5

Median Income

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

• Median Income: $83480

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, NC, 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.