Concord, MA is a beautiful historic town located in Middlesex County. The town is known for its picturesque views, quaint charm, and close proximity to Boston. Its affordability makes it an attractive place to live for those with a tight budget. The average 2 bedroom rent rate in Concord is $3,160 which is significantly higher than the US average of $1,430. Grocery costs are also more expensive as the index in Concord is at 117 compared to the national index of 100. Popular local companies in Concord include Walden Pond Books, Hapgoods Restaurant, and Jetties. Renters can find competitive rates on real estate here when compared to many other places in the Greater Boston Area.
Concord has an unemployment rate of 4.8%. The US average is 6.0%.
Concord has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 41.0%, which is higher than the US average of 33.5%.
Tax Rates for Concord
- The Sales Tax Rate for Concord is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Concord is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Concord
- The average income of a Concord resident is $69,196 a year. The US average is $28,555 a year.
- The Median household income of a Concord resident is $169,335 a year. The US average is $69,021 a year.