Concord, CA vs Rancho Santa Margarita, CA

Concord is moderately more affordable than Rancho Santa Margarita, with a 10.1% lower cost of living index. Concord scores 171 compared to 190 for Rancho Santa Margarita, where the US average is 100. This difference means residents of Rancho Santa Margarita can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Concord is $2,226/month compared to $2,481/month in Rancho Santa Margarita — a 10% difference. Home values follow the same pattern: Concord is more affordable at $755,900 median vs $907,900.

Median household income in Concord is $109,195 compared to $146,827 in Rancho Santa Margarita (-25.6%). While Rancho Santa Margarita is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Concord spend roughly 24.5% of their income on rent, more than the 20.3% in Rancho Santa Margarita.