Concord, NC vs Winston-Salem, NC

There is a significant gap in the cost of living between these two cities. Winston-Salem is 27.2% cheaper than Concord. With a cost index of 80 vs 102, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Winston-Salem 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 $1,033/month in Winston-Salem — a 32% difference. Home values follow the same pattern: Winston-Salem is more affordable at $208,200 median vs $327,600.

Median household income in Concord is $84,752 compared to $57,673 in Winston-Salem (+47%). 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 21.5% in Winston-Salem.