Is Concord Expensive?

Charlotte, United States

-28% vs Charlotte avg

Living in Concord, Charlotte

Concord is one of the most affordable neighborhoods in Charlotte, with a cost of living index of 43.1 — that is -28% compared to the Charlotte average. Ranked #28 of 30, it offers some of the lowest costs in the city. Estimated rent for a one-bedroom apartment here is around $1,080/month, compared to a range of $1,020 in Rock Hill (SC) to $2,025 in Myers Park.

Monthly Budget Breakdown

For a typical resident of Concord, housing takes up roughly 32% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately $43,200 before tax.

Typical Salaries in Concord

Salaries in Concord reflect the local cost of living. Based on the neighborhood COLI of 43.1:

After tax and deductions of 23.4% in United States, take-home pay for someone earning $43,200 would be roughly $33,091/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

43.1
COLI Index
0.72x
vs City Avg
$1,080
Est. 1BR Rent
#28
of 30 Areas
23.4%
Total Deductions

Tax & Deductions in Concord

Estimated annual deductions on a $32,325 salary in Concord, Charlotte (local employee).

Income Tax
11%
Social Security + Medicare (FICA)
7.6%
State Income Tax (NC)
4.5%
Total Deductions: 23.4%
Est. Take-Home: $24,751/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Concord would need to be elsewhere:

City Currency Equivalent
New York USD $32,325
London GBP £27,818
Dubai AED AED 161,747

Other Neighborhoods in Charlotte

Neighborhood COLI Multiplier vs Avg
Myers Park 80.7 1.35x +35%
Eastover 77.7 1.30x +30%
Uptown 74.8 1.25x +25%
South End 73.0 1.22x +22%
SouthPark 70.6 1.18x +18%

View all 30 neighborhoods in Charlotte →

Convert Your Salary

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Compare Concord

Concord vs Indian Trail Concord vs Rock Hill (SC)

Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Concord:

Saint-Roch, Nice Carabacel, Nice Pasadena (TX), Houston Schaerbeek, Brussels Côte-des-Neiges, Montreal Dorval, Montreal

Frequently Asked Questions

Is Concord expensive in Charlotte?

Concord is one of the more affordable neighborhoods in Charlotte. It costs about -28% less than the city average, ranking #28 out of 30 neighborhoods.

How does Concord compare to the Charlotte average?

The cost of living in Concord is well below the Charlotte average. With a multiplier of 0.72x, everyday expenses including rent, food, and transportation are -28% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include U.S. Bureau of Labor Statistics · U.S. Census Bureau · OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.