Concord, NC Local Data & Statistics

State: NC

Total population: 108,719 Household income: $86,921 Rent: $1,451

Overview

Total population

108,719

Rent

$1,451

Year built

1998

Household income

$86,921

Per capita income

$42,090

Poverty rate

9.6%

Unemployment rate

3.2%

Household size

2.8 persons

Rent over 30% of income

50%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available, with the exception of the unemployment rate, which is sourced from the Bureau of Labor Statistics (BLS). ACS 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State

North Carolina

Total population

108,719

Adults over 25

70,789

Total households

38,669

Household size

2.8 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Income & Poverty

Household income

$86,921

Per capita income

$42,090

Poverty rate

9.6%

Unemployment rate

3.2%

Rent over 30% of income

50%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Housing

Rent

$1,451

Year built

1998

Households that rent

34.8%

Households that own

65.2%

Rooms per home (all homes)

5.6

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Race

White

51.8%

Black

23.2%

Asian

7.7%

Two or more races

8.8%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Ethnicity

Hispanic or Latino

15.8%

Not Hispanic or Latino

84.2%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Commute

Commute rate

82.6%

Commute time to work

27 mins

Work from home

17.4%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Education

Less than high school

25.2%

High school graduate or GED

23%

Some college or associate degree

10.9%

Bachelor’s degree or higher

40.9%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Comparison of Concord, NC with: North Carolina United States

Concord, NC

Total population108,719

Rent$1,451

Year built1998

Household income$86,921

Per capita income$42,090

Poverty rate9.6%

Unemployment rate3.2%

North Carolina State

Total population10,730,404

Rent$1,228

Year built1991

Household income$72,388

Per capita income$41,385

Poverty rate13%

Unemployment rate3.6%

United States

Total population334,922,499

Rent$1,413

Year built1980

Household income$80,734

Per capita income$44,673

Poverty rate12.5%

Unemployment rate4%

Metric	CityConcord, NC	StateNorth Carolina	CountryUnited States
Total population	108,719	10,730,404	334,922,499
Rent	$1,451	$1,228	$1,413
Year built	1998	1991	1980
Household income	$86,921	$72,388	$80,734
Per capita income	$42,090	$41,385	$44,673
Poverty rate	9.6%	13%	12.5%
Unemployment rate	3.2%	3.6%	4%

View the complete comparison of Concord, NC, North Carolina and United States →

Summary for Concord, NC

Concord is located in North Carolina.

Rent & Income

In Concord, the typical monthly rent is $1,451 and the typical household income is $86,921. Rent here is higher than North Carolina and similar to the U.S., and household income is higher than both North Carolina and the U.S. The estimated poverty rate is 9.6%, which is lower than in both North Carolina and national.

Housing & Affordability

This area is primarily owner-occupied, with renters accounting for about 34.8% of households. About 50% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is high, with about 40.9% of adults holding a bachelor’s degree or higher. The local unemployment rate is 3.2%, which is lower than both North Carolina and the national rate.

Concord, NC — Rent vs Household Income

Concord, NC — Poverty vs Unemployment

How Concord, NC compares in North Carolina (22 places)

Metric	This place	Rank	Starts from	Statewide range
Rent	$1,451	13 / 22	from lower rent	$957 – $1,902
Household income	$86,921	6 / 22	from higher income	$49,748 – $144,135
Poverty rate	9.6%	6 / 22	from lower poverty	2.2% – 24.6%
Unemployment rate	3.2%	7 / 22	from lower unemployment	2.5% – 7.2%

Rankings are calculated among cities and communities in North Carolina with total population > 50,000 (year 2024).

Detailed Ranking Explanation for Concord, NC

Rent

For typical rent levels, Concord is ranked 13th out of 22 major areas in North Carolina. Statewide values span from $957 in Rocky Mount, NC to $1,902 in Apex, NC.

Household income

For household income, Concord ranks 6th out of 22 large places. Across North Carolina, incomes range from $49,748 in Greenville, NC to $144,135 in Apex, NC.

Poverty rate

For poverty rates, Concord is ranked 6th among 22 major areas. Across North Carolina, poverty runs from 2.2% in Apex, NC to 24.6% in Greenville, NC.

Unemployment rate

In terms of unemployment, Concord is ranked 7th out of 22 major areas. Across North Carolina, rates go from 2.5% in Apex, NC up to 7.2% in Asheville, NC.

💰 Rent in Concord, NC (with Utilities)

Estimated Monthly Rent: $1,451 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing, including the apartment or home and essential utilities such as heat, water, and electricity. Even when utilities are billed separately, an estimated average cost for utilities is included, in line with the U.S. Census Bureau’s (ACS) definition of gross rent.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in Concord, NC

Annual Household Income: $86,921

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in this area — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in Concord, NC

Estimated Rate: 9.6%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in Concord, NC

In Concord, NC, households that rent: 13,443 (34.8%)

📊 What does the renter household percentage reveal about this area?

Household Type	Count	Share
Renter-Occupied	13,443	34.8%
Owner-Occupied	25,226	65.2%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in Concord, NC

In Concord, NC, cost-burdened renters (households spending over 30% of income on housing): 6,725 (50%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?

Household Group	Households	Share
Cost-burdened renters (over 30%)	6,725	50%
Other renter households	6,718	50%
Total renter households	13,443	100%

Shares are calculated as a percentage of renter households.

This shows how many renters in this area are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in Concord, NC

Less than High School: 17,808 people (25.2%)

Includes adults who did not complete high school.

High School Graduate or GED: 16,290 people (23%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 7,729 people (10.9%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 28,962 people (40.9%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 70,789

📊 Unemployment Rate in Concord, NC

Estimated Rate: 3.2%

💡 What does Unemployment Rate mean?

Definition: The unemployment rate is the percentage of people in the labor force who do not have a job but are actively looking for one.

Labor Force = Employed + Unemployed (aged 16+ and actively participating in the workforce).

Formula: (Unemployed ÷ Labor Force) × 100

Does NOT include: People who are retired, students not looking for work, homemakers, or otherwise not seeking employment.

Example: If there are 1000 people in the labor force and 80 are unemployed, then the unemployment rate is 8%.

Similar Population

Sparks, NV109,106 South Fulton, GA109,157 Greeley, CO109,421 Dearborn, MI107,846 Tyler, TX107,718 Sugar Land, TX109,735 Tuscaloosa, AL107,699 Allen, TX107,684 Santa Maria, CA109,880 San Buenaventura (Ventura), CA109,900

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.