Concord, NC vs Hickory, NC

There is a significant gap in the cost of living between these two cities. Hickory is 26% cheaper than Concord. With a cost index of 81 vs 102, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hickory to Concord should plan for substantially higher expenses across most categories.

On the housing front, median rent in Concord is $1,365/month compared to $975/month in Hickory — a 40% difference. Home values follow the same pattern: Hickory is more affordable at $248,300 median vs $327,600.

Median household income in Concord is $84,752 compared to $63,361 in Hickory (+33.8%). While Concord 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 19.3% of their income on rent, more than the 18.5% in Hickory.