Chapel Hill, NC vs Concord, NC

There is a significant gap in the cost of living between these two cities. Concord is 23.5% cheaper than Chapel Hill. With a cost index of 102 vs 126, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Concord to Chapel Hill should plan for substantially higher expenses across most categories.

On the housing front, median rent in Chapel Hill is $1,483/month compared to $1,365/month in Concord — a 9% difference. Home values follow the same pattern: Concord is more affordable at $327,600 median vs $576,500.

Median household income in Chapel Hill is $85,825 compared to $84,752 in Concord (+1.3%). Chapel Hill does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Chapel Hill spend roughly 20.7% of their income on rent, more than the 19.3% in Concord.