Cost of Living in Concord, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
133.2
100 = national avg
+33.2 vs national average
Living Wage (1 Adult)
$58,606
per year
Living Wage (Family of 4)
$138,524
per year
Cost Index by Category
Housing154.2
Food114.8
Transportation129.6
Healthcare111.8
Utilities119.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,538
per month
2 Bedroom
$1,686
per month
The overall cost of living index in Concord is 133.2, which is 33.2% above the national average. Housing costs are above the national average at an index of 154.2. A single adult needs to earn approximately $58,606 per year to cover basic expenses.