Concord, NC vs Wake Forest, NC

Concord is moderately more affordable than Wake Forest, with a 10.5% lower cost of living index. Concord scores 102 compared to 114 for Wake Forest, where the US average is 100. This difference means residents of Wake Forest can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Concord is $1,365/month compared to $1,458/month in Wake Forest — a 6% difference. Home values follow the same pattern: Concord is more affordable at $327,600 median vs $435,000.

Median household income in Concord is $84,752 compared to $120,777 in Wake Forest (-29.8%). While Wake Forest 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 14.5% in Wake Forest.