Concord, NC, with a population of 91,582 people according to the 2020 census, is an ideal location for those seeking affordable living costs. The cost of a two-bedroom rental in Concord is $1,200, which is significantly lower than the national average of $1,430. Additionally, Concord has a Grocery Cost Index of 99 versus 100 in the US. There are many local businesses within the city limits that offer a variety of services and products such as Lowe's Foods grocery store, Cinemark Movies 10 theater and Harris Teeter supermarket. There are also numerous restaurants and entertainment venues in town offering plenty of options for residents looking for fun activities.
Concord (zip 28027) has an unemployment rate of 4.5%. The US average is 6.0%.
Concord (zip 28027) 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 (zip 28027)
- The Sales Tax Rate for Concord (zip 28027) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Concord (zip 28027) 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 (zip 28027)
- The average income of a Concord (zip 28027) resident is $27,873 a year. The US average is $28,555 a year.
- The Median household income of a Concord (zip 28027) resident is $84,051 a year. The US average is $69,021 a year.