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: $308,500
- 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: Data is updating (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 data unavailable 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 Concord is a financially viable option for your relocation.