Concord, NY is a small city located in the state of New York with a 2 bedroom rent cost of $880. This is considerably lower than the US average rent for two bedrooms which sits at $1,430. Additionally, the grocery cost index in Concord is the same as the US index at 100. This indicates that residents of Concord have equal purchasing power as those living elsewhere in the country. Companies in Concord such as Joe's Hardware Store and Elsie's Grocery Shop cater to this population and provide quality products at competitive prices. With these services available to them, residents of Concord enjoy an enhanced quality of life thanks to their strong purchasing power.
Concord has an unemployment rate of 7.2%. The US average is 6.0%.
Concord has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Concord
- The Sales Tax Rate for Concord is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Concord is 6.5%. 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 $36,863 a year. The US average is $37,638 a year.
- The Median household income of a Concord resident is $56,789 a year. The US average is $69,021 a year.