Concord, NC Economy


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Concord, NC is a great place to live with plenty of options for employment, entertainment, and recreation. The cost of 2 bedroom rent is approximately $1,220 which is below the US average making it an affordable option compared to other cities. Additionally, the Grocery Cost Index in Concord is lower than the national average so groceries are more affordable here. Locally there are many different companies such as Cabarrus Health Alliance, Atrium Health, Speedway Motorsports, Inc., and Kings Automotive Group that provide job opportunities. There are also plenty of amenities in Concord including stores like Harris Teeter and Target as well as outdoor parks like Rankin Lake Park and Robbins Park. Residents can also take advantage of fitness centers or local movie theaters for entertainment.

Concord has an unemployment rate of 4.5%. The US average is 6.0%.

Concord has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 46.7%, which is higher than the US average of 33.5%.

Tax Rates for Concord
- The Sales Tax Rate for Concord is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Concord is 5.5%. 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 $25,987 a year. The US average is $28,555 a year.
- The Median household income of a Concord resident is $78,775 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyConcord, North CarolinaUnited States
  4.56
  -5.6%-6.2%
  46.7%33.5%
  7.0%6.2%
  5.3%4.6%
  $36,972$37,638
  $78,775$69,021
  $91,966$85,028
  Population by Occupation
  0.2%1.2%
  0.1%0.5%
  7.6%6.8%
  9.2%10.0%
  3.4%2.5%
  11.1%11.0%
  4.6%4.8%
  0.7%0.8%
  1.8%1.9%
  8.6%4.7%
  1.9%1.9%
  7.5%7.6%
  0.3%0.1%
  3.9%4.2%
  8.9%9.3%
  12.4%14.0%
  2.2%2.1%
  8.7%7.0%
  4.0%4.8%
  2.7%4.7%
Reviews for Concord
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I am looking to relocate due to a new job offer in north Carolina. Ive narrowed my search of cities down to Concord. Some of my concerns coming from California is how is  More

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I recently just moved to Concord, NC from long island. The people are more than polite. The Weather is amazing and the cost of living is reasonable and affordable. I  More

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Over 13 years ago

North Carolina Is very boring. If you want to move to a small town with alot of nice people concord is not the place. Im dying to get out of NC because people are moving  More

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