Concord vs Richmond
Cost of Living Comparison · 2026
Concord
Richmond
The Verdict
Concord is 2.9% less expensive than Richmond overall. A household earning $75,000 in Concord would need approximately $77,250 in Richmond to maintain the same standard of living.
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 $77,250 in Richmond.
Conversely, $75,000 in Richmond equals $72,816 in Concord.
Living in Concord vs Richmond
Housing Costs
Concord's housing index of 110 is higher Richmond's 108, translating to median home prices of $340,000 vs $300,000. The $40,000 difference in home prices means roughly $2,604 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,375/mo in Concord compared to $1,400/mo in Richmond, a monthly difference of $25.
Grocery & Food Costs
Grocery expenses index at 101 in Concord and 100 in Richmond. A household spending the national average of $475/month on groceries would pay approximately $480/month in Concord vs $475/month in Richmond. The difference in grocery costs between these cities is relatively minor and unlikely to be a deciding factor in relocation.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 110 in Concord and 97 in Richmond. Monthly utility bills average approximately $440 in Concord vs $388 in Richmond. 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 113 in Concord and 100 in Richmond. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 13-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $84,900 in Concord and $50,120 in Richmond. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $84,900 and $48,660 respectively. Concord residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,981/month to housing in Concord vs $1,169/month in Richmond. In Concord, median rent of $1,375/mo fits within this budget. In Richmond, median rent of $1,400/mo pushes past the recommended limit. The biggest category-level difference between these two cities is Utilities, where the gap is 13 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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