Housing costs in Concord?
A typical home costs
$189,000, which is 44.1% less expensive than the national average of
$338,100 and 13.6% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Concord costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 20.9% cheaper than the state average of
$1,100.
Can I afford Concord?
To live comfortably in Concord, Michigan, a minimum annual income of
$36,360 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Concord?
The cost of living in Concord, MI is relatively low compared to other parts of the country. According to the Missouri Economic Research and Information Center, the 2019 average cost of living index for Concord is 82.6, which is lower than the national average of 100. The median home price in Concord is just $153,900 and rent prices remain fairly affordable at an average of $730 per month. In addition, groceries, healthcare costs, and utilities are all relatively inexpensive in Concord. Overall, residents find that their money goes a lot further in this small town than it would elsewhere making it a great option for those looking to save money while still enjoying Michigan's beautiful landscape and friendly people.