Concord vs Plano
Cost of Living Comparison · 2026
Concord
Plano
The Verdict
Living in Plano costs 34.9% less than Concord. To match the purchasing power of a $75,000 salary in Concord, you would need $55,612 in Plano.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Concord has the same purchasing power as $55,612 in Plano.
Conversely, $75,000 in Plano equals $101,147 in Concord.
Living in Concord vs Plano
Housing Costs
Concord's housing index of 210 is higher Plano's 123, translating to median home prices of $680,000 vs $400,000. The $280,000 difference in home prices means roughly $18,204 per year in additional mortgage costs at current rates. Renters face a similar gap: $2,350/mo in Concord compared to $1,700/mo in Plano, a monthly difference of $650.
Grocery & Food Costs
Grocery expenses index at 112 in Concord and 98 in Plano. A household spending the national average of $475/month on groceries would pay approximately $532/month in Concord vs $466/month in Plano. Plano offers a meaningful advantage on everyday food costs, saving roughly $792/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 147 in Concord and 99 in Plano. Monthly utility bills average approximately $588 in Concord vs $396 in Plano. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.
Healthcare
Healthcare costs index at 121 in Concord and 100 in Plano. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 21-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $109,000 in Concord and $96,348 in Plano. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $74,150 and $88,393 respectively. Plano residents come out ahead in real purchasing power.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $2,543/month to housing in Concord vs $2,248/month in Plano. In Concord, median rent of $2,350/mo fits within this budget. In Plano, median rent of $1,700/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 87 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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