Concord, NC vs Wilmington, NC

Concord, NC and Wilmington, NC have a very similar cost of living, with only a 0.4% difference in their overall index. Concord scores 102 while Wilmington scores 102 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Concord is $1,365/month compared to $1,311/month in Wilmington — a 4% difference. Interestingly, home values tell a different story: while Wilmington has cheaper rent, Concord actually has lower median home values ($327,600 vs $350,300).

Median household income in Concord is $84,752 compared to $63,900 in Wilmington (+32.6%). 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, less than the 24.6% in Wilmington.