Concord, Virginia is an attractive location to reside in due to its affordable cost of living. The 2 bedroom rent rate is $820, which is much lower than the national average of $1,430. Grocery costs are even more economical with a grocery cost index at 97 versus 100 nationally. The town offers plenty of local services and businesses to take advantage of such as Gee's Barbershop for a fresh haircut or pet grooming, Home Depot for all your home improvement needs, Walgreens for prescriptions and toiletries, and Starbucks for coffee on the go. Concord also has access to local stores like Wegmans and Target providing residents with variety when shopping.
Concord has an unemployment rate of 5.0%. The US average is 6.0%.
Concord has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Concord
- The Sales Tax Rate for Concord is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Concord is 5.8%. The US average is 4.6%.
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Income and Salaries for Concord
- The average income of a Concord resident is $32,844 a year. The US average is $37,638 a year.
- The Median household income of a Concord resident is $0 a year. The US average is $69,021 a year.