Concord, NC vs. Charlotte, NC: Cost of Living Comparison (2025)
Choosing between Concord and Charlotte? This cost of living comparison breaks down the key differences to help you decide which North Carolina city best fits your budget and lifestyle in 2025. It’s perfect for families relocating, professionals comparing job offers, or anyone weighing the real costs of living in Concord vs. Charlotte.
1. Housing Costs
Housing is often the biggest factor in cost of living. Here’s how Concord and Charlotte compare for typical options:
| Housing Type | Concord | Charlotte |
|---|---|---|
| Median 2BR Apartment Rent | $1,250 | $1,495 |
| Median 3BR Home Price | $325,000 | $395,000 |
🏆 Winner: Concord. You can expect to pay around 15-20% less for comparable housing in Concord vs. Charlotte.
2. Utilities and Energy Costs
Utility costs don’t vary too much between the cities, but Concord does have slightly lower rates:
- In Concord, expect to pay around $140/month for energy for a 2BR apartment. Charlotte averages closer to $155/month.
- Water, sewer, and trash rates are similar. Budget about $60/month in either city.
- Both cities offer optional off-peak energy plans to help lower costs.
🏆 Winner: Concord, but only by a slight margin of about $15/month for a typical household.
3. Groceries and Daily Expenses
Grocery costs are very comparable between Concord and Charlotte. Expect to spend around $400/month per person on groceries and everyday items in either city.
Restaurant prices are also similar. A meal for two averages about $50 at a mid-range spot in both cities. Fast casual options are $10-12 per person.
🏆 Winner: Tie. Day-to-day expenses won’t vary much between Concord and Charlotte.
4. Taxes and Fees
Concord has a lower property tax rate of 0.48% vs Charlotte’s 0.54%. For a $350,000 home, that’s a difference of $210 per year.
In Concord, HOA fees often include extras like landscaping, trash, and amenities. Charlotte HOAs tend to be a bit higher on average to cover more urban services. Budget about $250/month in Concord and $300/month in Charlotte.
🏆 Winner: Concord. The lower property taxes and HOA fees add up to meaningful savings for homeowners.
5. Cost of Living Summary
| Category | Concord | Charlotte |
|---|---|---|
| Housing | $1,250 | $1,495 |
| Utilities | $200 | $215 |
| Groceries | $400 | $400 |
| Transportation | $60 | $100 |
| Taxes & Fees | $250 | $300 |
| Misc Expenses | $150 | $150 |
| Estimated Monthly Total (pre-tax) | $2,310 | $2,660 |
6. Lifestyle Fit
Concord offers a bit more space and a small town feel. Most neighborhoods are peaceful and walkable. Charlotte is a larger city with more urban amenities, but also more traffic and noise.
Concord is about 5°F cooler than Charlotte in the summer. Both cities have a moderate, four-season climate.
Charlotte has more extensive public transit. Concord is more car-dependent for commuting and errands.
7. FAQ
- Is Concord more affordable than Charlotte? Yes, Concord has a lower overall cost of living, primarily due to cheaper housing.
- Which city has lower rent? Concord rents are about 15% lower on average vs. comparable apartments in Charlotte.
- Where is it cheaper to buy a home? Concord home prices are roughly 20% less than similar properties in Charlotte.
8. Conclusion
Concord offers a lower cost of living across the board compared to Charlotte. Housing is the most significant factor, with Concord rents and home prices averaging 15-20% less than Charlotte.
A household moving from Charlotte to Concord might save $400 per month or more on housing alone. Utilities, taxes, and HOA fees are also a bit lower in Concord.
Concord is ideal for those seeking an affordable suburb with a relaxed pace of life. Families and retirees may prefer the extra space and quieter neighborhoods.
Charlotte appeals more to young professionals who value city amenities and don’t mind paying a bit extra. It offers more nightlife, dining, and transit options.
Ultimately, both cities provide a great quality of life. We recommend reviewing monthly budget examples and exploring Concord’s full cost of living to see how your lifestyle and finances align.