Cost of Living in Concord, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
96.1
100 = national avg
-3.9 vs national average
Living Wage (1 Adult)
$42,286
per year
Living Wage (Family of 4)
$99,950
per year
Cost Index by Category
Housing95.5
Food97.5
Transportation95.0
Healthcare98.0
Utilities97.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$946
per month
2 Bedroom
$1,165
per month
The overall cost of living index in Concord is 96.1, which is 3.9% below the national average. Housing costs are below the national average at an index of 95.5. A single adult needs to earn approximately $42,286 per year to cover basic expenses.