Cost of Living in Concord, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
91.0
100 = national avg
-9.0 vs national average
Living Wage (1 Adult)
$40,025
per year
Living Wage (Family of 4)
$94,604
per year
Cost Index by Category
Housing81.1
Food97.7
Transportation95.4
Healthcare98.2
Utilities94.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,155
per month
2 Bedroom
$1,266
per month
The overall cost of living index in Concord is 91.0, which is 9.0% below the national average. Housing costs are below the national average at an index of 81.1. A single adult needs to earn approximately $40,025 per year to cover basic expenses.